Manatee County Utilities Department Manatee County Administrator’s Office Board of County Commission Worksession Expanded Alternative to Meet BCC Directives Dan Schlandt, Deputy County Administrator

Manatee County Utilities Department Manatee County Administrator’s Office Expanded alternatives to meet BCC Directives BCC Directives: 1) Jobs, Jobs, Jobs NOW !!! 2) Redevelopment of the Urban Core

Manatee County Utilities Department Manatee County Administrator’s Office Expanded Alternative to meet BCC Directives Creation of an Economic Development TIF Creation of an Encouragement Zone Land Use Designation Expand the proposed area to include 15 th Street East Corridor Integration with other actions to meet BCC directives

Manatee County Utilities Department Manatee County Administrator’s Office

Manatee County Utilities Department Manatee County Administrator’s Office

Manatee County Utilities Department Manatee County Administrator’s Office

Manatee County Utilities Department Manatee County Administrator’s Office Home Rule Economic Development TIFs vs CRAs CRA – Real Property, Issue revenue bonds Home Rule Economic Development TIF – Greater discretion in collecting and using TIF revenues, ability to set boundaries.

Manatee County Utilities Department Manatee County Administrator’s Office Summary Proposal Create one all encompassing TIF for all the non-residential areas. –Provide a single focus on job creation/ economic development for the entire area –Increase chance that TIF can generate significant enough increment revenues to be able to make a substantial impact if opportunities occur. –Allow economic development team to respond quickly to economic development opportunities

Manatee County Utilities Department Manatee County Administrator’s Office Implications to Existing CRAs 14 th Street W. CRA South County CRA