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NRA NEIGHBORHOOD REVITALIZATION Plan 2012-2014

UNIFIED GOVERNMENT BOARD OF COMMISSIONERS February 16, 2012. NRA NEIGHBORHOOD REVITALIZATION Plan 2012-2014. Presentation Public Hearing Consideration of Resolution and Ordinance to adopt Neighborhood Revitalization Plan. Tonight’s action.

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NRA NEIGHBORHOOD REVITALIZATION Plan 2012-2014

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  1. UNIFIED GOVERNMENT BOARD OF COMMISSIONERS February 16, 2012 NRANEIGHBORHOOD REVITALIZATION Plan2012-2014

  2. Presentation Public Hearing Consideration of Resolution and Ordinance to adopt Neighborhood Revitalization Plan Tonight’s action

  3. Commission Special Session – August thru November, 2011 USD 500, Turner, Piper & KCKCC – November 2011 thru January 2012 Public Hearing – February 2012 Public Meetings Held

  4. Kansas Neighborhood Revitalization Act passed in 1994 • UG established NRA Plan in 1999 • Requires review and renewal every 3 years • Rebates range from 50% to 100% Nra overview

  5. The purpose of the program is to promote rehabilitation, conservation, and redevelopment of residential and commercial properties • Designed to have greatest impact on single family residences, historical, and environmentally impacted properties Community objective

  6. NRA overview • Tax rebate offered to citizens, developers or property owners making significant improvements • Improvements include new construction, additions, major rehab (not general repairs) • Rebate applies only to add’l taxes paid as a result of increased appraised value due to improvements • Full tax must be paid to receive rebate

  7. Area 2 Area 1

  8. Area i Area ii Nra residential Overview

  9. Area i Area ii Nra commercial Overview

  10. Internal staff education (NRC) • Program promotions at speaking engagements • Advertise in building inspection (NRC) • Educate realtors • Website • Non-profit outreach • Updated brochure Program marketing

  11. NRA UTILIZATION 296 Total Projects since Program Inception Includes Residential & Commercial AREA I (2000-2011) AREA II (2009-2011)

  12. Project type breakdown AREA I (2000-2011) AREA II (2009-2011) AREA I (2009-2011)

  13. Overall nra values

  14. Residential projects

  15. MPM Heartland house project

  16. Unanimous Agreement with other jurisdictions • Recommended tonight • Move forward with 2012-2014 plan • Proposed NRA in Piper area under review • Utilization goals MBE/WBE/LBE & Prevailing Wage for Commercial – future Standing Committee Plan changes

  17. Residential Changes Allow new senior LIHTC projects to be eligible with NRA rebate Allow a five-year NRA in combination with an existing residential TIF in Area I Require all multi-family rehab projects to receive approval from the District Commissioner & At-Large Commissioner NRA - changes

  18. Commercial Changes • Increase commercial rebate in Area I from a 10-year 50% rebate to a 10-year 95% rebate • Identify Area II East and allow a new commercial in the NRA zone • Increase the commercial project size “cap” from $2m to $3m • Create a new special project zone for projects exceeding $3m • Retail • Environmental contamination area or historic designation • Utilize IRB requirements for prevailing wage and MBE/WBE/LBE NRA - changes

  19. MBE/WBE/LBE and Prevailing Wage • NRA for Piper School District • Presentation • Working with WYEDC to evaluate housing stock/incentive levels • Public Hearing • Recommend adoption of Ordinance & Resolution Future consideration

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