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Neighborhood Revitalization Act. Ron Shaver Molly Deckert City of Olathe City of Lenexa. September 19, 2008. The Neighborhood Revitalization Act Purpose Demographics – Olathe & Lenexa Eligibility Residential & Commercial Improvements. Overview. Program Elements.

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Neighborhood revitalization act

Neighborhood Revitalization Act

Ron Shaver Molly Deckert

City of OlatheCity of Lenexa

September 19, 2008


Overview

The Neighborhood Revitalization Act

Purpose

Demographics – Olathe & Lenexa

Eligibility

Residential & Commercial Improvements

Overview


Program elements
Program Elements

  • Requires a finding by the Governing Body to designate a Neighborhood Revitalization District based on one or more conditions:

    • Enhance health, safety, or welfare

    • Eliminate concentration of poor conditions

    • Preserve or restore structures

  • Requires 3 elements:

    • Plan

    • Interlocal Agreement

    • Procedures Agreement


Neighborhood revitalization plan

Adopted prior to designating the District, but after a public hearing

Legal description and map

Assessed valuation

Names and addresses of owners

Zoning classifications and land uses

Proposals for including or expanding services

Statement of eligibility and criteria

Application contents and submission procedure

Maximum years for rebate

Neighborhood Revitalization Plan


Interlocal agreement

Act requires two or more municipalities to cooperate pursuant to the Interlocal Cooperation Act, KSA 12-2901 et. seq.

Purpose

Duration

Termination

Financing (eligible improvements & use of NRA Fund revenues)

Interlocal Agreement


Procedures agreement

Contemplated under the Interlocal Agreement pursuant to the Interlocal Cooperation Act, KSA 12-2901

Purpose

Term

Termination

Compensation (to County for administration)

Definitions

Application Procedure

County Responsibilities

Procedures Agreement


Purpose
Purpose pursuant to the Interlocal Cooperation Act, KSA 12-2901

  • Stabilize neighborhoods and valuations

  • Encourage investment where it isn’t occurring

  • Increase tax base and expand housing opportunities

  • Reverse outward migration and deterioration of traditional neighborhoods

  • Reduce crime

  • Enable private investment with no fiscal burden on taxing jurisdictions


Eligibility comparisons

OLATHE pursuant to the Interlocal Cooperation Act, KSA 12-2901

Cannot be in a TIF; can use with tax credits or IRBs

Residential Investment

$5,000 & 5% increase in assessed value

90% rebate

Commercial Investment

$10,000 & 10% increase in assessed value

80% rebate

LENEXA

Cannot be in TIF, receiving tax abatement, or for pools

Residential Investment

$5,000 & $575 increase in assessed value

85% rebate

Commercial Investment

$10,000 and 10% increase in assessed value

75% rebate

Eligibility Comparisons


Activity Comparisons pursuant to the Interlocal Cooperation Act, KSA 12-2901

OLATHE

  • Program Effective

    June 5, 2008

  • 5 Applications

    • 1 Commercial

    • 4 Residential

  • Total Estimated Investment:

    $315,000

LENEXA

  • Program Effective March 1, 2007

  • 16 Applications

    • 8 Commercial

    • 8 Residential

  • Total Estimated Investment:

    $8,500,000


Other neighborhood revitalization efforts
Other Neighborhood Revitalization Efforts pursuant to the Interlocal Cooperation Act, KSA 12-2901

Olathe

  • Deferred Loan Program

  • Emergency Repair Program

  • Exterior Maintenance Program

  • Exterior Paint and Primer Program

  • Elderly Home Owner Program

  • Handicap Accessibility Program

    Lenexa

  • Exterior Grant Program

  • Low Interest Home Equity Loan Program (partnership with CommunityAmerica Credit Union)

    Johnson County (income based programs)

  • Minor Home Rehabilitation Program

  • HOME Program


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