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CITY OF JANESVILLE City Council Meeting J June 11, 2012 11 2012 - - PowerPoint PPT Presentation
CITY OF JANESVILLE City Council Meeting J June 11, 2012 11 2012 - - PowerPoint PPT Presentation
CITY OF JANESVILLE City Council Meeting J June 11, 2012 11 2012 Resolution # 2012-909 Conveyance of Conveyance of 176 Lincoln Janesville Neighborhood Services J June 11, 2012 11 2012 Background Background As part of the Citys
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Background Background
As part of the City’s neighborhood As part of the City s neighborhood
redevelopment efforts, the City Council approved the purchase of a vacant and approved the purchase of a vacant and blighted 2-unit structure at 176 Lincoln.
The property was demolished and the
City has been maintaining the vacant City has been maintaining the vacant lot.
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Background Background
The long term plan for the site was to The long term plan for the site was to
- ffer it to a not-for-profit organization for
the construction of a new single family the construction of a new single family home or to sell it to adjoining property
- wners
- wners.
The lot is a corner lot with 66’ frontage The lot is a corner lot with 66 frontage
by 125’ depth, which is standard for the area area.
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Background Background
City has an Agreement with the City has an Agreement with the
Wisconsin Partnership for Housing Development to rehabilitate 5 homes Development to rehabilitate 5 homes and construct 1 new home under the Neighborhood Stabilization 3 Program Neighborhood Stabilization 3 Program.
This site would be transferred to the
Partnership for the construction of the Partnership for the construction of the new home with funding provided for in the existing NSP3 Agreement the existing NSP3 Agreement.
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Background Background
The Partnership has completed the The Partnership has completed the
preliminary design of a two-story, 1,880 square foot home square foot home. Th h ld b t t d i th
The home would be constructed in the
Prairie style which is consistent with the h t f th i hb h d character of the neighborhood.
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Analysis
The property is suitable for residential The property is suitable for residential
redevelopment.
Redevelopment will add to the property Redevelopment will add to the property
tax base. Th t ti f h i
The construction of a new home is
provided for in our existing NSP III A t ith th P t hi Agreement with the Partnership.
The Prairie style is compatible with the
neighborhood.
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Analysis Analysis
The redevelopment is consistent with
The redevelopment is consistent with the Look West & 4th Ward Neigh Revit
- Plan. & Comprehensive Plan, which call
a & Co p e e s e a , c ca for:
The revitalization of neighborhoods that have
g experienced decline.
The purchase of vacant, dilapidated, and tax-delinq.
properties for rehabilitation and resale to increase properties for rehabilitation and resale to increase
- wner-occupancy and promote investment in existing
neighborhoods.
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Recommendation Recommendation
The Neighborhood Services Department is recommending that the City Council is recommending that the City Council support a motion to approve Resolution 2012-909 authorizing the City Manager 2012-909 authorizing the City Manager to convey the property located at 176 Lincoln St to the Wisconsin Partnership Lincoln St. to the Wisconsin Partnership for Housing Development, Inc.
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Need More Information? Need More Information?
Please contact the Neighborhood Services Department Services Department. 755 3065 755-3065 www.ci.janesville.wi.us
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CITY OF JANESVILLE
City Council Meeting J 11 2012 June 11, 2012
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Resolution # 2012-919
NSP Developers Agreement NSP Developers Agreement 403 Lincoln
Janesville Neighborhood Services J 11 2012 June 11, 2012
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Background Background
As part of the Federally funded NSP As part of the Federally funded NSP
Program, the City has acquired 12 vacant foreclosed properties for vacant, foreclosed properties for rehabilitation or blight elimination purposes purposes.
Two homes have been resold and the
sale proceeds are now available to sale proceeds are now available to undertake additional projects.
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Background Background
The property at 403 Lincoln is a vacant The property at 403 Lincoln is a vacant,
tax delinquent property with an
- utstanding Community Development
- utstanding Community Development
Block grant loan.
The property’s heirs have offered the
property at no cost in exchange for property at no cost in exchange for forgiveness of the CDBG loan.
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Background Background
The property is: The property is:
2-unit residential property
Contrib ting str ct re in Old Fo rth
Contributing structure in Old Fourth
Ward Historic District 1 596 f h
1,596 sf home 1 Block from 4th Ward Park 1 Block from NSP 3 Project at 410
Johnson and next door to NSP Project at 407 Lincoln.
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Background Background
The Wisconsin Partnership for Housing The Wisconsin Partnership for Housing
Development has expressed a willingness to rehabilitate the property willingness to rehabilitate the property.
Rehabilitation would involve the full Rehabilitation would involve the full
conversion of the home back to a single family residence with funding single-family residence with funding provided through a Developer’s Agreement Agreement.
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Analysis
Funding is available through the sale of Funding is available through the sale of
- ther NSP properties to undertake an
additional project at this time additional project at this time. Th CDA h d d th
The CDA has recommended the
satisfaction of the CDBG loan and the h bilit ti f th h rehabilitation of the home as owner-
- ccupied.
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Analysis Analysis
The redevelopment is consistent with
The redevelopment is consistent with the Look West & 4th Ward Neigh Revit
- Plan. & Comprehensive Plan, which call
a & Co p e e s e a , c ca for:
The revitalization of neighborhoods that have
g experienced decline.
The purchase of vacant, dilapidated, and tax-delinq.
properties for rehabilitation and resale to increase properties for rehabilitation and resale to increase
- wner-occupancy and promote investment in existing
neighborhoods.
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Analysis Analysis
The Wisconsin Partnership for Housing
Development has 20 years of housing Development has 20 years of housing development experience, has knowledgeable staff and has the knowledgeable staff, and has the experience to ensure compliance with NSP program NSP program.
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Recommendation Recommendation
The Neighborhood Services Department is recommending that the City Council is recommending that the City Council support a motion to approve Resolution 2012-919 authorizing the City Manager 2012 919 authorizing the City Manager to enter into a Developer’s Agreement with the Wisconsin Partnership for with the Wisconsin Partnership for Housing Development, Inc. for the purpose of rehabilitating 403 Lincoln St. purpose of rehabilitating 403 Lincoln St.
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Need More Information? Need More Information?
Please contact the Neighborhood Services Department Services Department. 755 3065 755-3065 www.ci.janesville.wi.us
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