WHAT IS A COMPREHENSIVE PLAN? A Master Plan is a blueprint for the - - PowerPoint PPT Presentation
WHAT IS A COMPREHENSIVE PLAN? A Master Plan is a blueprint for the - - PowerPoint PPT Presentation
WHAT IS A COMPREHENSIVE PLAN? A Master Plan is a blueprint for the future. Roadmap for the next 10-20 years / Foundation for decision making Policy guide for a broad range of topics Articulation of local aspirations Context
WHAT IS A COMPREHENSIVE PLAN?
A Master Plan is a blueprint for the future.
- “Roadmap” for the next 10-20 years / Foundation for decision making
- Policy guide for a broad range of topics
- Articulation of local aspirations
- Context for detailed decision-making in the future
- NOT regulatory, but informs decision about zoning, development, etc.
- Dynamic document that can be updated and maintained
to reflect new trends and events.
WHY IS A COMPREHENSIVE PLAN IMPORTANT?
- Common community vision
- Attract potential investors and provide “fair certainty”
- Aid in review of proposed development
- Coordinated “playbook” for departments and partners
- Seek grant funding
- Plan municipal capital needs
- Align regulations and policies
- 1. Project Initiation
- 2. Community Outreach & Engagement
- 3. Market & Demographic Analysis
- 4. Existing Conditions Analysis
- 5. Community Vision & Citizen Focus Groups
- 6. Preliminary City-Wide Plans & Policies
- 7. Subarea Framework Plans
- 8. Center City Plan
- 9. Comprehensive Plan Documents & Adoption
PLANNING PROCESS
WORKSHOP EXERCISE
Economic Development
City Economic Development Focus
- Creating and retaining quality jobs
- Improving the quality of life for all citizens
- Increasing private investment in the
community
- Increasing the property tax and sales tax base
- Providing and maintaining public
infrastructure
- Removing blight from the community
City Incentive Toolbox
- Special Taxing Districts
- Tax Increment Financing
- Property Tax Abatement
- Industrial Development Bonds
- Commercial Loan Program
- Brownfield Revolving Loan Fund
Funding for infrastructure improvements Tax savings for blight remediation or major job creators/capital investments Loan programs for job creation, environmental clean-up, and blight remediation
Community Improvement Districts
- Sec. 67.1401- 67.1561, RSMo.
CIDs are separate governmental entity Governed by board of directors Petition dictates specifics of the district
- Geographic boundaries
- Funding source: May impose sales
tax, property tax, business license tax, or special assessments
- Activities: May fund public
services and/or public improvements
- Lifespan
Requirements for Valid CID Petition
- Council must conduct a public
hearing to determine if the Petition to Establish the district is valid: – Complies with state law – Signature of property
- wners representing over
half of the assessed value, and over half of the owner groups
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Proposed CID Boundaries
- Approximately a one-mile-long section of
South Lone Pine Avenue from a point located approximately 500 ft north of East Lacuna Street to East Republic Road.
- 87.74 acres of land, including:
– Sequiota Park, – The original town of Galloway, and – Portions of the Galloway Creek Greenway Trail Galloway Community Improvement District
CID Governance
- The District will be a political subdivision of the State of
Missouri and have a life of 20 years.
- It will be governed by a board of directors consisting of
5 to 30 directors, all of whom shall be:
– over the age of 18 and either a real property owner, business owner, or registered voter in the District. – At least one of the directors shall be a representative of the Springfield-Greene County Park Board. – The initial board named in the Petition has 15 directors.
- All successor directors will be appointed by the Mayor
with the consent of the City Council.
Galloway Community Improvement District
CID Taxing Authority
- The Galloway Community Improvement
District will have the power to impose a sales and use tax at a maximum rate of one percent (1%) on all retail sales made within the District that are subject to taxation pursuant to state law.
Galloway Community Improvement District
- Signage, lighting, street
furniture, sidewalks, pedestrian crossings, and trail connections along South Lone Pine Avenue
- Construction of additional
public parking
- Holiday lighting and decorations
- Maintenance of public
sidewalks, alleys, and parking lots
- Trash removal from public
sidewalk receptacles
- Mowing and landscaping of
public right of ways and District
- wned property
- Additional police, safety and
security services
- Public parking enforcement
- Marketing and image
enhancements, such as website, visitor guides and maps, and banners on public property
CID Projects
Galloway Community Improvement District
Signatures
- 13 out of 25 owners within the District signed
the Petition.
- The City Clerk has certified that the Petition
contains the signatures of:
– 52% of the real property owners in the District, – whom collectively own 85% of the total assessed value of real property inside the District.
Galloway Community Improvement District
Financial Impact
- Value of the incentive:
– 1-cent sales tax is estimated to generate about $30,000-40,000/year. – These funds may pay for approved CID projects
- nly.
- Impact to Taxing Jurisdictions:
– No existing taxes will be diverted to this project – Jurisdictions will benefit from stabilized or increased property values due to improved maintenance of neighborhood amenity
Galloway Community Improvement District
Chapter 99 Property Tax Abatement
Declare area to be a blighted area pursuant to Chapter 99 Find the Redevelopment Plan to be in conformance with City’s Comprehensive Plan
“Blighted Area” Definition Section 99.320(3), RSMo
“An area which, by reason of the predominance of
– Defective or inadequate street layout, – Insanitary or unsafe conditions, – Deterioration of site improvements, – Improper subdivision or obsolete platting, – Or the existence of conditions which endanger life or property by fire and other causes,
- r any combination of such factors,
– Retards the provision of housing accommodations – Or constitutes
- An economic or social liability or
- A menace to the public health, safety, morals, or welfare
in its present condition and use.”
Kearney Street Corridor Redevelopment Area
- 3.5 mile long corridor along Kearney Street, from Albertha Avenue to just east of
- Glenstone. Generally 300 feet on both the north and south sides of the street.
- Predominately zoned GR, General Retail District and R-SF Single-Family Residential
District
Kearney Street Corridor Redevelopment Plan
Derelict vehicles; illegal dumping
Kearney Street Corridor Redevelopment Plan
Exposed wiring
Kearney Street Corridor Redevelopment Plan
Deterioration of Site Improvements
- 70% of buildings in poor or fair condition. Only 5.6%
in “excellent” condition.
- Most of the buildings in the Corridor are over 35
years old and exhibit significant levels of deferred maintenance.
- Almost half (46%) of properties have private site
improvements (walkways, parking lots, curb stops) in poor condition.
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Kearney Street Corridor Redevelopment Plan
Conditions which Endanger Life or Property by Fire or Other Causes
- Approximately 10% of principal structures in the
Redevelopment Area are fully vacant.
- Vacant buildings are susceptible to trespassers,
vagrants, vandalism, and other criminal activity, which may result in fire.
9/24/2019
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Kearney Street Corridor Redevelopment Plan
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Impact of Blighting Factors
- Due to the predominance of the blighting factors,
the Redevelopment Area in its present condition:
– Retards the provision of housing accommodations, – Constitutes an economic and social liability, and – Is a menace to public health, safety, morals, and welfare
- Conclusion: The Redevelopment Area qualifies as
“blighted area” a defined in Section 99.320, RSMo
Kearney Street Corridor Redevelopment Plan
Redevelopment Plan for the Kearney Street Corridor Redevelopment Area
- Remove blight
- Encourage redevelopment of the Area as an
active retail corridor with a mixture of uses per the Growth Management and Land Use Element
- f the Springfield-Greene County Comprehensive
Plan
- Enhance visual appearance and safety of the Area
by incentivizing projects with uses desired by residents, better landscaping, consolidation of curb cuts, and quality building materials.
Kearney Street Corridor Redevelopment Plan
Land Use Plan
- Frontage on Kearney, Kansas, National,
- r Glenstone
– Rehabilitation of existing buildings on
- ther streets also qualifies
- Landscaping: Bring up to current
standards for new construction
- Building Material: Must be quality,
durable materials. Generally, no vinyl siding, cinder block, plain concrete, or sheet metal.
- Curb Cuts: One driveway per lot. Shared
access drives are encouraged to reach 330-foot spacing standard. Kearney Street Corridor Redevelopment Plan
Uses Not Eligible for Abatement
- Adult motion picture
theaters
- Adult stores
- Auction sales
- Boarding houses
- Cabarets
- Duplexes or two-family
dwellings
- Emergency overnight
shelters
- Lodging houses
- Pawn shops
- Resource recovery
collection centers, household.
- Rooming and lodging
houses
- Self-service storage
facilities
- Short-term high-interest
lending (e.g. consumer installment loans, pay day loans, title loans, predatory lending, etc.)
- Shelters
- Single-family detached
dwellings
- Single-family semi-
detached dwellings
- Soup kitchens
- Swap meets
- Towers (e.g.
telecommunication towers)
- Transitional service
shelters
- Vehicle storage and
towing
Kearney Street Corridor Redevelopment Plan
Findings for Recommendation
- The Blight Study demonstrates the area
meets the definition of a blighted area
- The Redevelopment Plan conforms with the
Springfield-Greene County Comprehensive Plan
Kearney Street Corridor Redevelopment Plan
Findings for Recommendation (cont.)
– Growth Management and Land Use Element
- Designates the areas within the Redevelopment Area
that abut Kearney Street, North Kansas Expressway, and North Glenstone Avenue for medium intensity retail, office or housing
- Kearney & Kansas and Kearney & Glenstone are
identified as Activity Centers
Findings for Recommendation (cont.)
– Community Physical Image and Character Element
- To improve the visual appearance of the urban area by
reducing visual blight caused by new development that is out of character with its surroundings
- To ensure high-quality development by restricting
certain uses, imposing design standards relating to building materials, requiring full compliance with the City’s landscaping regulations, and encouraging the consolidation of driveway curb cuts
What is TIF?
- Tax increment financing (“TIF”)
- Real Property Tax Increment Allocation
Redevelopment Act, Sections 99.800 to 99.865, RSMo.
- Allows the capture of incremental tax revenues
resulting from redevelopment and apply those revenues to pay redevelopment project costs.
What tax revenue does TIF affect?
- Up to 100% of local real
property tax increment
- Up to 50% of local
economic activity tax increment
- Generated within a
redevelopment area
How is TIF adopted?
- 1. Redevelopment plan and cost-benefit
analysis
- 2. TIF Commission public hearing
- 3. City Council approves the redevelopment
plan and project and adopts TIF
– Blighted area – Financial analysis
- 4. City & developer sign redevelopment
agreement
What type of costs can TIF fund?
1. Costs of studies, surveys and plans; 2. Professional service costs, such as financial advisory fees, bond counsel fees and planning expenses, subject to certain limitations as provided in the TIF Act; 3. Land acquisition and demolition costs; 4. Costs of rehabilitating and repairing existing buildings; 5. Initial costs for an economic development area; 6. Costs of constructing public works or improvements, such as street lighting, street repairs or parking; 7. Financing costs, including bond issuance costs, capitalized interest and reasonable reserves, and debt service on bonds; 8. Capital costs incurred by any taxing jurisdiction as a direct result of the project; and 9. Relocation costs.
How long can TIF operate?
- TIF can be utilized for up to 23 years from the
date of approval of any redevelopment project.
- Redevelopment projects must be approved
within 10 years from approval of a redevelopment plan.
On‐going administrative responsibilities
- File an annual report with Mo. DED
concerning the status of each redevelopment plan and project.
- Hold a public hearing every 5 years to
determine if the project is making satisfactory progress under the proposed time schedule in the redevelopment plan.
- Approve the expenditures of TIF revenues.
3 TIF Districts
- Commercial Street
- Jordan Valley Park
- Springfield Plaza
Springfield Plaza TIF
TIF Plan Objectives
- 1. To facilitate redevelopment of the Area;
- 2. To cure the economic underutilization of the Area
and to convert it to its highest and best use;
- 3. To alleviate those conditions that cause the Area to
be a “blighted area;” and
- 4. To encourage a consumer-friendly commercial
environment that encourages activity within the Redevelopment Area and promotes the economic health and independence of the City.
Important Dates
- The Springfield Plaza TIF Plan was approved
- n May 6, 2013 by Special Ordinance No.
26231.
- Redevelopment Project Area 1 was activated
- n December 20, 2016.
– RPA-1 will expire on December 19, 2034.
- Redevelopment Project Area 2 may be
activated no later than May 5, 2023.
TIF Reimbursable Projects
- The land that will be dedicated for public improvements;
- The cost of removing remaining existing improvements and
grading;
- The cost of importing soil as fill for road construction and
landscaping;
- The cost of required infrastructure improvements, such as
street improvements; curbing and sidewalk improvements, storm and sanitary improvements, and upgrading utilities;
- Miscellaneous development costs;
- Planning, legal, and financial advisory costs associated with
preparing the Plan and implementing the Projects
Unique features of this TIF
- The collection of TIF Revenues from each Redevelopment
Project will last no longer than 18 years. Each Redevelopment Project will be terminated 18 years from the date that tax increment financing was activated by ordinance for such Redevelopment Project.
- The TIF will retain only 75% of the PILOTs; the remaining 25%
will be redirected back to the affected taxing jurisdictions.
- A CID was also established over the Redevelopment Project
Areas to accelerate reimbursement of the public improvements.
TIF Revenues and Expenditures
As of December 31, 2018 Payments in Lieu of Taxes Received $923 Economic Activity Taxes Received $317,036 TIF Revenues Expended $242,199 Developer’s Outstanding Reimbursable Costs $9,336,816 TIF Special Allocation Fund Balance $75,760
Progress towards Plan objectives
- $317,000 in new TIF revenues since last report
- Redevelopment Project Area-1 activated in Dec. 2016
- Traffic signals at McCurry & Zimmer completed
- 90,000sf of retail buildings opened in Fall 2017 with
4 tenants
Microenterprise/Business Incentive Loan Program
Eligible applicants:
- New or expanding
businesses inside Springfield city limits.
Terms:
- Fixed interest Rate, 5%
- 10 year term
- First two years, interest-only
payments
- Job creation is required
Eligible activities:
- Working capital
- Merchandise inventory
- Equipment
- Furniture/fixtures
- Infill improvements
- Other start-up costs
Business Development Loans
Terms:
- Fixed interest rates,
currently at 3%.
- Up to 20 year term
- Job Creation/Slum & Blight
- Prevailing wage
Eligible activities:
- Real estate acquisition
- Relocation expenses
- Demolition
- Building rehab
- New construction
- Business equipment
- Mixed use development
- Residential rental property
development
Slum and Blight Eligible Loan Areas
- 1999: Establish Program (EPA Assessment Grant)
- Received 17 Brownfields Grant totaling over $6.3 million + Tech
Assistance
- Leveraged $460 million (Public and Private investments)
- EPA Grants: Assessment, Cleanup, RLF, Environmental Job
Training
Brownfields Assessment Grants
Funds Phase 1 Environmental Site Assessment
- What is it?
– It is limited in nature and involves records research and an on-site visual, but rarely testing. – Identify recognized environmental conditions in which a past, current or potential release of contaminants may have occurred. – Identification of a recognized environmental condition does not mean a release actually occurred or, if it has, that it requires cleanup. – The Phase I report does not obligate reporting of conditions to regulatory agencies for action except in special circumstances of extreme imminent threat to public health.
- Benefits of a Phase 1
– Provides essential information to parties of the property transaction – Provides liability protection from future enforcement for owners – Clears properties of environmental issues for sale or redevelopment – Helps decide where actual testing/measurement should occur if further information is desired
Brownfields Revolving Loan Fund
Loans for Cleanups: Petroleum & Hazardous Substances – Eligible Activities: Site Remediation, Consulting Fees, Department of Natural Resources Fees, Qualifying Demolition – Interest Rates:
- 0-5 Years - 0% Interest
- 5-10 years – 2% Interest
- 10-15 Years – 3% Interest
– Amended in 2015
- Held focus group with Developers
– Wanted flexibility, low interest
- EPA Consultation
- Reviewed peer cities
Brownfields Success Story: Café Cusco
- Brownfields Assessments
- City Business Incentive Loan for
restaurant
- City Acquisition Loan (HUD, low
interest)
- Project Highlights:
– Commercial Street National Register Historic District – 10 full time jobs – 12 part time jobs