1. MURDOCK VILLAGE COMMUNITY REDEVELOPMENT PLAN
Charlotte County Board of County Commissioners Presentation
February 22, 2005

2. Redevelopment Initiative
In 2003 the Board recognized the opportunity to initiate a redevelopment initiative to address blighted conditions and growth management issues in West Murdock
On May 13, 2003 the Board confirmed the need for redevelopment in this area
On May 27, 2003 the Board adopted the finding of necessity determining the area to be blighted and created the Community Redevelopment Agency (CRA)

3. Community Redevelopment Area

4. Purpose of the CRP
Addresses blight factors identified in the finding of necessity including, but not limited to, substantial deterioration of structures, faulty lot layout and unsanitary/unsafe conditions
Guides long term redevelopment
Describes generally in text and diagram redevelopment activities
Establishes the legal framework
Codifies commitment

5. Vision for Murdock Village
Focus on addressing blight through acquisition, clearance, redevelopment, rehabilitation and conservation by creating a vibrant mixed-use, high-tech, energy efficient and environmentally friendly community that embodies the following concepts…

6. Guiding Concepts Addressing and clearing blighted conditions
Development of a dynamic Town Center
5 minute walk to parks, facilities and services
Creation of a pedestrian friendly community

7. CRP Primary Objectives
Ensure that regulatory measures are in place to promote the redevelopment of the Community Redevelopment Area as a vibrant mixed-use community
2. Facilitate and follow-through with a land acquisition program to stimulate real and substantial public/private interest and participation

8. Primary Objectives Con’t
Dispose of lands acquired for community redevelopment by County and CRA in conformance with the Community Redevelopment Act
4. Develop effective strategies to fund and finance both short-term and long-term land acquisition and redevelopment initiative related costs and expenses

9. Primary Objectives Con’t
Establish one or more public/private partnerships to encourage and use expertise of private enterprise to implement the redevelopment vision
6. Create a mixed-use community that implements the County’s and CRA’s vision

10. Primary Objectives Con’t
Improve transportation facilities to facilitate capture of internal trips, enhance regional connection and improve emergency evacuation
8. Identify and promote a workable means to replace, deliver, fund and finance utility and infrastructure improvements needed for mixed-use community redevelopment

11. Primary Objectives Con’t
Provide for parks, recreation facilities and public space improvements in a manner that enhances the Community Redevelopment Area as a vibrant mixed-use community
10.Provide for adequate funding and financing mechanisms to enable the realization of the vision of the County and CRA for the Community Redevelopment Area

12. Community Objectives Aesthetic and planning review
Maintaining a safe and clean environment
3. Provide for additional infrastructure and services

13. Conceptual Diagram

14. Capital Plan
The CRP contains an estimate and projection of costs, including the amount to be expended on publicly funded capital improvements and any indebtedness
The costs presented in the CRP are based on the Conceptual Diagram
These costs will be refined as the County and CRA move forward with selecting a redevelopment partner, refining the development plan and associated implementation actions

15. Projected Costs
Identified as either primary public or private responsibility
Public costs relate to general framework, public areas and certain infrastructure that may be regionally beneficial however, costs may not be the total responsibility of the public sector
Private costs are associated with the specific site or subdivision infrastructure which may be funded by a CDD or developer

16. Funding and Financing
Anticipates entering into an agreement with a CDD and redevelopment partner
The agreements governing the CDD and redevelopment partner will specify cost sharing requirements
Cost of major capital improvements will be satisfied through leveraging such mechanisms as fees, fee related credits, TIF, special assessments by CDD and possibly a MSTU

17. Review and Approval
Murdock Village Community Redevelopment Advisory Board made a recommendation to adopt the CRP on February 11, 2005
The Planning and Zoning Board (LPA) reviewed and found the CRP consistent with the Comprehensive Plan on February 18, 2005

18. Plan Refinements
Based on comments received at the February 11th Advisory Board Meeting from the School Board, Section 4.04; (F) Primary Objective 6, (1), (6), (9) and (10) have been refined to more clearly articulate educational facilities as a government/civic use
Section 4.04; (F) Primary Objective 6, (7) has been revised to read “ If deemed appropriate by the Charlotte County School Board, a site of approximately 20 acres will be designated as a school board facility…”

19. Action Items Recommended
Adopt the Murdock Village Community Redevelopment Plan by resolution
Adopt the ordinance creating the Murdock Village Redevelopment Trust Fund

20. MURDOCK VILLAGE COMMUNITY REDEVELOPMENT PLAN
Charlotte County Board of County Commissioners Presentation
February 22, 2005