1 / 18

Monroe Redevelopment Authority

Monroe Redevelopment Authority.

cordes
Download Presentation

Monroe Redevelopment Authority

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Monroe Redevelopment Authority

  2. The mission of the Redevelopment Authority is to encourage well-planned, integrated, stable, safe and healthful neighborhoods, through the reinvestment in neighborhood development, the fostering, and promotion of business expansion and job creation, and the facilitation of new business and housing development.

  3. Overview of the Redevelopment Authority • Wisconsin authorizes every city to create a Redevelopment Authority (RDA). • RDAs are special agencies created by cities to carry out a program of blight elimination and redevelopment projects. • The RDA is a separate public body from the city council and has a board of Commissioners.

  4. What can the RDA Do? • Own and hold property to redevelop for future use. • Borrow money and issue bonds to finance its activities and for carrying out its projects. • Apply for and accept advances, loans, grants, contributions and any other form of financial assistance. • Make by-laws, rules & regulations not inconsistent with State law.

  5. Members (Term Expiration) • Phil Rath, Vice-Chair  (2019) • Dave Wartenweiler  (2019) • Ron Spielman  (2020) • Ryan Ziltner  (2020) • Charles Koch  (2021) • Ron Markham  (2022) • Michael Boyce, Chair  (2023)

  6. City of Monroe – RDA Goals • Collaborate- Collaborate with local and regional partners (organization s, businesses, developers,etc)toreachcommongoalsandenhancetheCity'spositionwithlocal,regional, and State housing and employment markets. Collaboration shall also include working with elected officials to solidify and standardize the redevelopment process within thecommunity.

  7. City of Monroe – RDA Goals cont. • Preserve - Preserve the history of the downtown and near downtown homes by leveraging the protections of structures and the local identity in the community. New and redevelopment projects should be sensitive to the location and the communitycontext.

  8. City of Monroe – RDA Goals cont. • Promote Catalyst Projects- Promote and support redevelopment projects through property restoration, acquisition, redevelopment, and new development efforts within the redevelopment area boundaries to promote a thriving downtown and near downtownareas.

  9. City of Monroe – RDA Goals cont. • Housing Stabilization and Growth - Encourage, incentivize, and facilitate the development, redevelopment, and restoration of single-family, multi-family, owner-occupied,renter-occupied, and senior housing in thecommunity.

  10. 2015 Comprehensive Plan: Housing Goals • Improvethequantityofsafe,quality,andaffordablerentalproperties. • Increaseadiverserangeofmodern,aestheticallypleasinghousingsupplyand housingresources. • Modernizethezoningordinancetoallowforflexibilityandcreativityinland useandhousingdevelopmentacrossthecity. • Usestrategicfundingresourcestopromotenewdevelopmentand homeownership.

  11. 2016 Monroe Housing Study: Recommendations • Align with the Monroe 2015 Comprehensive Plan Housing Study Goals. • Monitor residential lot availability and promote additional development as necessary to meet the demand of the community. • Establish future benchmarks for market rate and housing assistance units within the City.

  12. 2016 Monroe Housing Study: Recommendations cont. • Promote the development of housing choices that are appropriate for empty-nesters and young seniors, young professionals, and young families. • Monitor the need for additional market rate and affordable independent senior living as part of a larger multi- family inventory. • Monitor the need for additional market rate and affordable independent senior living as part of a larger multi- family inventory.

  13. District Property Statistics - Total RDA No. 1 boundary area: 142.48 acres • Total number of parcels: 464 parcels • Total number of Blighted parcels: 223 parcels • Total acres of real property: 101.11 acres (70.96% of the district) • Boundary roughly follows TID No. 7 and additional lands to the west • 54.3% Classified as blighted

  14. Possible Funding Sources • Local general fund dollars • $20,000 loan • Federal Grants • CDBG (Community Development Block Grants) • HUD funding, USDA funding • State Grants • WEDC • WHEDA • Public/Private Partnerships • TID (Tax Incremental District) extensions • TID 4 and 5 ($335,000)

  15. Possible Programs • TID 7 (Downtown district) • Gap finance funding • Rental Rehabilitation Program • Home Improvement Program • Façade improvement grants/loans • Historical preservation credits (state program) • Home Loan Program (HLP) • Revolving Loan Fund • First time home buyer program

  16. Next Steps… • Finalize the Project Plan • Hold 3 Public Community Forms Main Street Monroe - Green County Courthouse • Tuesday the 21st (11:30am-12:30pm) • Thursday the 26th (5:30pm-6:30pm) Chamber of Commerce - Monroe Golf Club • Thursday the 28TH (5:00PM-6:00PM) • 15 minute presentation by staff on future opportunities for property owners (Q&A) • Public Hearing on the project plan will be held on Wednesday, March 6th and 28th at 5:00pm • Final discussion and action at City Council on Monday, March 18th at 6:30pm

  17. RDA Executive Director Samuel LiebertAssistant City Administrator & Director of Administrative ServicesCity Hall 1110 18th AvenueMonroe, Wisconsin 53566 (608) 329-2500 Sliebert@cityofmonroe.org

More Related