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MURDOCK VILLAGE COMMUNITY REDEVELOPMENT PLAN. Charlotte County Board of County Commissioners Presentation February 22, 2005. Redevelopment Initiative.
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MURDOCK VILLAGECOMMUNITY REDEVELOPMENT PLAN Charlotte CountyBoard of County Commissioners Presentation February 22, 2005
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)
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
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…
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
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
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
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
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
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
Community Objectives • Aesthetic and planning review • Maintaining a safe and clean environment 3. Provide for additional infrastructure and services
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
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
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
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
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…”
Action Items Recommended • Adopt the Murdock Village Community Redevelopment Plan by resolution • Adopt the ordinance creating the Murdock Village Redevelopment Trust Fund
MURDOCK VILLAGECOMMUNITY REDEVELOPMENT PLAN Charlotte CountyBoard of County Commissioners Presentation February 22, 2005