8_28_07 Avon Next StepsWhat happens after the Urban Renewal Plan has been adopted?
Prepare Cooperation Agreement with Town
Define philosophy, mission statement, and goal of the URA Board
Educate the Board
Educate the community
Establish benchmarks for projects
Define
role of urban renewal in community development
Create systems
Formalize fees
Define criteria for qualifying projects
Define makeup of Board (future disciplines)
Establish priorities
(annual)
Understand business threats
Prioritize investments
Identify strategic alliances
Complete necessary studies
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Philosophy
Focus on what areas and their environs
Resources used to enhance and advance development
Project participation when proof of an economic “gap” provided
Partner with other Councils, Commission,
Committees in advancing the goals and objectives of the Comprehensive Plan …
Work with investors and property owners to understand and appreciate the vision
Other
2
Goals
Cure existing weaknesses / conditions
Promote projects which provide public benefit
Be proactive in identifying projects
Create quality sustainable places
Raise standards of development
Promote
mix of housing
Other
3
Mission Statement Elements (mix and match)
Private reinvestment and new investment
Public-private partnerships
Enhance, preserve, restore vitality and quality of life
Strengthen tax base of whole Town
Partnerships and collaboration
Sound
urban planning and design
Fiscal prudence
Cultural sensitivity
Balanced, sustainable development / environment
Other
4
Board Education
Gather reports from other communities
Briefings on pending legislation and initiatives
Participation in Colorado Municipal League
Identify authorities and projects to visit
Understand
best practices
Host discussions with area lenders (other funding agents) regarding participation
Invite other groups to visit Avon
Develop effective fiscal models for project evaluation
Other
5
Community Education
Develop a “road show” presentation (“Urban Renewal 101”)
Identify HOAs, business and special interest groups to visit and present to
Record on-going efforts and issue annual reports
Meet
with boards and commissions on a regular basis
Provide quarterly written updates at Council meetings
Post current information on Town’s website
Develop newsletter
Other
6
Benchmarks (Define)
Jobs created
Increment (property and sales tax)
Number of housing units developed
Level of private investment
Investment in public realm
Peripheral impacts (increase in value)
Image
relative to other areas of community
Economic impact (forecasted)
Other
7
Systems
Develop an annual budget
Formalize fee structure
Prepare materials for developers regarding process
Formalize performance thresholds
Identify supplemental funds (grants, special districts,
etc.)
Establish criteria for identifying priority investments
Identify future reinvestment zones
Other
8
Solicit Projects (Process)
Articulate the vision for the Urban Renewal Area
Prepare solicitation materials
Establish evaluation criteria
Define and explain solicitation and evaluation process
Obtain legal counsel
(review materials)
Issue public notice
Receive responses
Select meritorious projects
Negotiate development agreements with selected developer
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