HomeMy Public PortalAboutAB 18-315 New Urban Renewal District BoundaryMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 18-315
Meeting Date December 13, 2018
AGENDA ITEM INFORMATION
SUBJECT:
New Urban Renewal District Area Determination Discussion and Direction
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
/
Clerk
Treasurer
Community Development
Originator
Police Department
Public Works
Golf Course
COST IMPACT:
Per contract
Parks and Recreation
FUNDING SOURCE:
MRA
Airport
Library
TIMELINE:
ASAP
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The McCall Redevelopment Agency (MRA) Board met on December 4 and vetted the Area 2A versus Area 2B for the new urban renewal area and what to recommend to the City Council on how to
proceed. After considerable discussion, the Board voted to recommend to the City Council to proceed with Area 2A. (The vote was 3 in favor, 1 opposed and 1 abstained.) Their reasons
primarily focused on the financial analysis that reflected a positive cash position at the end of the term for Area 2A while Area 2B suffered a $5.7 million shortfall. The 2B shortfall
was primarily the result of including a project for the full improvement of 3rd Street costing $11 million.
Additionally, it was noted that including both districts as proposed would tie up a majority of the City’s commercial assessed value in revenue allocation districts, thus severely limiting
future budget (property tax supported) growth of the taxing entities. There was reluctance to create that situation, leading the Board away from creating two districts with the proposed
boundaries. The existing district will sunset in 3 years.
Attached is a memo with a summary, the maps of Area 2A and 2B, and the financial feasibility analysis. Phil Kushlan of Kushlan Associates will be present at the meeting to present the
information and answer any questions.
RECOMMENDED ACTION:
Direct staff and consultants to prepare the Plan for Area 2A and reconsider evaluating Area 2B within a 3-5-year timeframe.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION