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Neighborhood Revitalization Act

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

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  1. Neighborhood Revitalization Act Ron Shaver Molly Deckert City of OlatheCity of Lenexa September 19, 2008

  2. The Neighborhood Revitalization Act Purpose Demographics – Olathe & Lenexa Eligibility Residential & Commercial Improvements Overview

  3. 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

  4. 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

  5. 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

  6. Contemplated under the Interlocal Agreement Purpose Term Termination Compensation (to County for administration) Definitions Application Procedure County Responsibilities Procedures Agreement

  7. Purpose • 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

  8. OLATHE 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

  9. Activity Comparisons 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

  10. Other Neighborhood Revitalization Efforts 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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