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McMinnville Urban Renewal Plan Update

P:. McMinnville Urban Renewal Plan Update. Public Open House. January 29, 2013. Presentation Agenda. Introduction and Greetings Background on Urban Renewal Planning for McMinnville Urban Renewal Process What is Urban Renewal and how does it work (UR 103)? Urban Renewal in McMinnville

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McMinnville Urban Renewal Plan Update

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  1. P: McMinnville Urban Renewal Plan Update Public Open House January 29, 2013

  2. Presentation Agenda • Introduction and Greetings • Background on Urban Renewal Planning for McMinnville • Urban Renewal Process What is Urban Renewal and how does it work (UR 103)? • Urban Renewal in McMinnville How might Urban Renewal work in McMinnville? • Time frame/Next Steps / Questions Where can I get further information? What is the time frame for the urban renewal plan?

  3. Urban Renewal Process • What is Urban Renewal? • Financial and planning tool used most often for downtown revitalization and economic development. • Used to spur development in areas that otherwise would have remained physically deteriorated, unsafe or poorly planned. • Authorized by ORS 457. • Long term planning effort (25 to 30 years)

  4. Urban Renewal Process • 70+ active urban renewal agencies in Oregon. • Area examples: • Sherwood • Carlton • Independence • Monmouth • Salem • Keizer • Woodburn Source: Association of Oregon Redevelopment Agencies

  5. Urban Renewal Process How do you establish an Urban Renewal Area? • Complete a feasibility study • Develop an Urban Renewal Plan: • Findings of blight • Goals and policies • Map of urban renewal area • List of projects and funding sources • Financial projections • Fiscal impacts

  6. Urban Renewal Process How do you establish an Urban Renewal area (cont.)? Consult with local taxing districts Public notice to all city residents Planning Commission review Establish an Urban Renewal Agency Conduct a public hearing Adopt an urban renewal plan

  7. Urban Renewal Process How Does Financing in Urban Renewal Work? An area is designated as an urban renewal area The tax assessed value of properties within the area is frozen Taxes from that “frozen base” go to all taxing jurisdictions Increases in taxes over the “frozen base” go to the urban renewal agency for use in the Area

  8. Urban Renewal Process -- Projected TIF Revenues --

  9. Urban Renewal Process Property Tax Bills – Add all increases in Assessed Value in Area Distribute Amount to all Property Tax Bills in City Does Not Increase Tax Bills, Just Shows the Division of Taxes

  10. Urban Renewal for McMinnville

  11. Urban Renewal for McMinnville Feasibility Study Financial Scenario– • Medium Growth 25 year term • $30 million • Includes projections of development from Northeast Gateway Plan • Anticipates some upfront funding of infrastructure to help development in NE Gateway

  12. Urban Renewal for McMinnville Potential Projects: • Public infrastructure/transportation/streetscape improvements • Planning and development assistance programs • Debt service • Project administration • Property acquisition

  13. Urban Renewal for McMinnvillePotential Projects • Streetscape Improvements – • Street and streetscape improvements along Alpine Avenue, Lafayette Avenue, and throughout the downtown core.

  14. Urban Renewal for McMinnvillePotential Projects Streetscape Improvements

  15. Urban Renewal for McMinnvillePotential Projects Streetscape Improvements

  16. Urban Renewal for McMinnvillePotential Projects Developer Assistance and Façade Program

  17. Urban Renewal for McMinnvillePotential Projects • Historic building • Urban Renewal provided: • Low interest loan for $120,039 • Storefront Improvement Grant of $30,000 • Leverage: • SBA Loan • State of Oregon (forgivable loan) Catalyst Projects

  18. Urban Renewal for McMinnville Potential Projects Pedestrian Connections / Safety improvements

  19. Urban Renewal for McMinnvillePotential Projects Off-street parking to support redevelopment

  20. Urban Renewal for McMinnville Potential Projects Historic resource preservation programs

  21. Urban Renewal for McMinnville Potential Projects Public spaces / places to entice families

  22. Urban Renewal for McMinnville • Policy Issues – • If Urban Renewal makes sense • Time Frame of District, growth projections • Projects to undertake • Sufficient funds to do projects? • Impacts on Taxing Jurisdictions • “Jump – start” the district

  23. Urban Renewal for McMinnville • Next Steps – • Complete work on proposed Urban Renewal Plan and Report; scheduled for completion in May / June • Review input from this open house • Meet with affected parties; hold additional public hearings • If supported by City Council, adopt and implement plan

  24. Questions / Discussion • Further Information: • City website: • www.ci.mcminnville.or.us • City staff: • Doug Montgomery • Ph. (503) 434-7311 • Email montgod@ci.mcminnville.or.us

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