WARRENTON URBAN RENEWAL AGENCY MEETING

Slides:



Advertisements
Similar presentations
RHID Basics (K.S.A et seq.)
Advertisements

Alternatives to Financing Lake Development Infrastructure in Mississippi Public Improvement Districts and Tax Increment Financing February 4, 2009 Lucien.
PROPOSITION 218 IMPACTS ON UTILITY USER FEES Case Study City of Dixon Sewer Rate Repeal of 2007.
Department of Public Works Public Hearing – FY 2015 – 2019 Recommended Capital Improvement Program Budget April 28, 2014.
Garden City Urban Renewal Agency  Independent public body serving the city of Garden City  Established by the City Council in 1995  Currently has one.
AIRPORT AREA INFRASTRUCTURE TIF DISTRICT: Public Hearing Presentation Oct 21, 2013.
Tax Increment Financing Town Center Project Midwest City, OK.
Background Why Plan For Transportation? Facts You Should Know Expectations Projects and Costs Conclusions/ Next Steps.
+ Proposed Lockwood Targeted Economic Development District 2015 Yellowstone County.
DRIs After 360. Transportation Methodology § (7) PREAPPLICATION PROCEDURES.— The levels of service required in the transportation methodology shall.
ZMA Out of Bounds Insert Image or map. Vicinity Map.
Board of County Commissioners
Community Planning Land Use Education Project Charlotte P. Burckhardt, AICP, PCP Principal Planner.
STATE ROAD 100 CORRIDOR COMMUNITY REDEVELOPMENT AGENCY Bulldog Drive Improvements Right-of-Way and Design September 21, 2010 Presentation for SR 100 CRA.
TAX INCREMENT FINANCING: Strategic Considerations for Development (or Planning, Process and Pitfalls) Center for Economic Development Law Leslie V. Batchelor.
Montgomery County Transit Task Force Meeting August 17, 2011.
Master Plan Update Chapter 213 of the Local Government Code provides that Cities may engage in Comprehensive Planning which may:  include but not be limited.
Market Street Mall Redevelopment
Beech Grove, Indiana TAX INCREMENT FINANCING Heather R. James, Ice Miller LLP April 18, 2013.
Community Development Department GRAND HAVEN DEVELOPMENT OF REGIONAL IMPACT City Council June 3, 2014.
CITY OF TIGARD Respect and Care | Do the Right Thing | Get it Done Tigard City Council River Terrace Community Plan Presentation May 15, 2012City Council.
Economic Incentive Plan and Impact Fee Update Board of County Commissioners Work Session February 7, 2012.
City of New Brighton Planning Commission Meeting October 18, 2005 Agenda Item: 6A (Public Hearing) Special Use Permit for Detached Garage Exceeding 624.
Sacramento Local Agency Formation Commission (LAFCo) UPDATE ON PROPOSED SMUD ANNEXATION Presented to Yolo LAFCo September 19, 2005.
TIF and Beyond: City Economic Development Projects Patricia Martin, Ahlers & Cooney, P. C. R. Mark Cory, Ahlers & Cooney, P. C. 1.
Sacramento Local Agency Formation Commission (LAFCo) Incorporation and Annexation Process A Comparison November 1, 2005.
Urban Renewal Feasibility Study Tashman Johnson LLC, Urban Land Economics, Elaine Howard Consulting LLC, SERA Architects.
Manatee County Utilities Department Manatee County Administrator’s Office Board of County Commission Worksession Expanded Alternative to Meet BCC Directives.
Robert E. Josten Dorsey & Whitney LLP 801 Grand Avenue, Suite 4100 Des Moines, Iowa WHAT IS TAX INCREMENT FINANCING? Questions and Answers.
Community Development Department GRAND HAVEN DEVELOPMENT OF REGIONAL IMPACT Planning & Land Development Regulation Board May 21, 2014.
Economic Incentive Plan Board of County Commissioners Discussion Item February 12, 2013.
1 Presented to the Fort Worth League of Neighborhood Associations By the City of Fort Worth, Planning and Development Department August 24, 2009 CONSERVATION.
1 1 City Commission Workshop for the DRAFT Basis of Design Report December 14, 2015 CRAVEN THOMPSON & ASSOCIATES, INC.
Missoula County Commissioners and City Council formed the Missoula Valley Water Quality District (MVWQD) Missoula County Commissioners.
October 8,  Regular operating levy for current expenses ◦ Continuous period or limited period 1- 5 years ◦ Limited may be renewed or replaced 
Economic Incentive Plan Board of County Commissioners Public Hearing March 6, 2012.
Out of Cycle Amendment Pine Hills Neighborhood Improvement District Adoption Public Hearing August 25, 2015.
Planning and Zoning Division Jefferson County RZREHARING To amend existing Planned Development zone district to allow for mini-warehouse storage.
Created by Way Development Ventures as a public service The following presentation provides background information to assist voters in gaining an understanding.
Proposed Budget Amendments Disposition of $410,745? 9/8/2010Strohmaier Budget Proposal.
PROCEDURAL OUTLINE FOR DESIGNATION OF AN ECONOMIC DEVELOPMENT AREA A Guide for Developers.
Budget City of Palm Coast, Florida City Council Work Session August 7, 2007.
Workforce Housing Pilot Program and Economic Incentive Plan Update Board of County Commissioners August 25, 2009.
Planning Commission Study Session: Preferred Plan July 23, 2015.
DUVALL 2015 COMPREHENSIVE PLAN UPDATE and SURVEY RESULTS 9:00 – 10:30 AM Survey Results 30 minutes (Lara) Comprehensive Plan, Density and Capacity, and.
Carson City, Nevada Community Development July 1, 2016 through June 30, 2017 Budget Open House.
Downtown Stockton Housing Strategy Stockton City Council/ Stockton Redevelopment Agency Draft Report August 28, 2007.
 Overview of Project  Economic Development Tools  Municipal Management Districts  Tax Increment Reinvestment Zones  Session Review, Q&A.
 Maintain a systematic approach to planning and initiating capital projects affording the opportunity to plan the location, timing, and financing of.
What is Tax Increment Financing?
WHAT IS TAX INCREMENT FINANCING? Questions and Answers About TIF
Banks Urban Renewal 101.
City Council Community Development Committee
Jefferson County SA Red Rocks Site Approval
Urban Renewal and Tax Increment Financing
LEE FARM ADDITION – GDP AMENDMENT
Urban Renewal: Hood River Heights Business District
TENTATIVE BUDGET SUMMARY
Heartland Corner Redevelopment Project
City of New Hope Council Presentation • Sept 10, 2018
CP-TXT Amendment to the Capital Improvements Element & Public School Facilities Element (Annual Update) October 2008.
2019 TRUTH IN TAXATION HEARING
Proposed City of Wenatchee Comp Plan Update: Impact on Olds Station
Capital Improvement Plan
Northeast Marshall Neighborhood Improvement Authority
City Council Meeting 12/11/18
PUBLICITY PAMPHLETS Bond Elections.
TIF Basics and Project Planning – A Real-Life Example
ECONOMIC DEVELOPMENT TOOLS
Incorporation and Annexation Process A Comparison November 1, 2005
Presentation transcript:

WARRENTON URBAN RENEWAL AGENCY MEETING

ROADMAP Role of Agency Maximum Indebtedness Revenue Sharing Projects Next Steps

ROLE OF AGENCY To determine whether the Substantial Amendment to the Warrenton Urban Renewal Plan should undergo the “Public Review” process, including: Planning Commission review for conformance to Comprehensive Plan County briefing and vote School District briefing and vote City Council hearing and vote Elaine Howard Consulting LLC

MAXIMUM INDEBTEDNESS The proposed maximum indebtedness is $11,934,815. The substantial amendment will increase it from $7,134,597 by $4,800,218. This increase is above the indexed 20% of original maximum indebtedness threshold and does require concurrence from the overlapping taxing districts. Elaine Howard Consulting LLC

REVENUE SHARING Revenue sharing is a stipulation in ORS 457 – comes into effect due to Substantial Amendment The first threshold is 10% of the original maximum indebtedness ($713,460). Revenue sharing targets are projected to be reached in FYE 2020, making revenue sharing commence in FYE 2021. Second threshold is12.5% Bullet One: ORS 457 sets thresholds at which impacted taxing jurisdictions will receive a share of the incremental growth in the District. Bullet Two: At the 10% threshold, the WURA will receive the full 10% of the initial maximum indebtedness plus 25% of the increment above the 10% threshold and the taxing jurisdictions will receive 75% of the increment above the 10% threshold. Bullet Four: The second threshold is set at 12.5% of the maximum indebtedness. If this threshold is met, revenue for the district would be capped at 12.5% of the maximum indebtedness, with all additional tax revenue being shared with affected taxing districts. This is not expected to be reached until the final year. Elaine Howard Consulting LLC

PROJECTS Street, Sidewalk Lighting, final phase Public Parking Lot Underground Utilities (2 Blocks) Warrenton Marina Public Pier Gateways South Main Sewer Grants & Loan Programs Other Projects (Peterson Property, zone change for redevelopment) Master Plans/Studies PROJECTS Kevin covers this slide Elaine Howard Consulting LLC

Next Steps & Schedule Planning Commission August 8 County Briefing/Vote August 28 School District Briefing/Vote August 14 City Commission Hearing Sept 24 City Commission Vote Oct 8 Elaine Howard Consulting LLC

SUGGESTED MOTION I move to forward the Substantial Amendment to the Warrenton Urban Renewal Plan to the Warrenton Planning Commission for their review of the Plan’s conformance to the Warrenton Comprehensive Plan, to the Clatsop County Commission for briefing an vote, to the Warrenton/Hammond School District for briefing and vote and then to the Warrenton City Commission for a public hearing, their review and vote on adoption. Elaine Howard Consulting LLC