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MURDOCK VILLAGE COMMUNITY REDEVELOPMENT PLAN

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

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MURDOCK VILLAGE COMMUNITY REDEVELOPMENT PLAN

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  1. MURDOCK VILLAGECOMMUNITY REDEVELOPMENT PLAN Charlotte CountyBoard 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 VILLAGECOMMUNITY REDEVELOPMENT PLAN Charlotte CountyBoard of County Commissioners Presentation February 22, 2005

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