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HomeMy Public PortalAbout030_011_DDA-MS info with support docs 7-2013_for revisiting 7-2014 DOWNTOWN DEVELOPMENT AUTHORITY/ MAIN STREET (TYBEE SPECIFIC) OVERVIEW/ COMPARISON DDA I I I Main Street(Tybee specific) Legal Status Defined in State Law Defined by City approved O.C.G.A.36-42(1-16) Board of Directors by-laws 10 Directors: • 6 directors represent a party who has an 7 Voting Members economic interest within the Main • 4 must have business interest in district(live Corridor;taxpayers within the City of Tybee in city or in county) Board Structure • 1 may be a councilman/mayor Island or within Chatham County who own or operate a business located within the • 1 may have a business interest and live Main Corridor outside the county • 3 represent the arts and cultural interests • City residents unless one of the above groups on the Island • 1 Councilmember(ex-officio) Board Appointments Appointed by City Council Appointed by City Council Board Terms 4 years(Original board will be staggered terms) 2 years Typically a Central Business District. State law does Boundaries not limit DDA boundaries. Resolution of the City Main Corridor(historic downtown through the Council must be approved. DDA can make gateway) recommendations. Debt Capacity Defined by Revenue Stream Defined by Market DDA's can offer for sale Revenue Bonds Can contract with any government entity for a maximum of 50 years through an intergovernmental agreement(IGA): Governmental/Private • City,County, Development Authority, N/A: City Program Contractual Rights State Agency Can contract with private entities: • Developers,Small Businesses, Banks,etc. Generally covered under the city's liability policy as a Liability Protection corporate board and as individuals carrying out board Coverage through the City of Tybee Island. duties. Check with City. Eligible to apply for and receive state loans and grants Ineligible to apply for state loans and grants without State Loans/Grants and to be a conduit of such funds to the private sector. City Council approval/resolution. Must be annually audited and presented as a "discreetly reported attached unit"of the city in its Fiduciary Responsibility annual audit. Audited as part of City's FY budget. Must complete annual report of local government authority finances with DCA Reporting Annual registration with DCA as a local governmental Monthly online activity reports to DCA. authority. Annual Program Assessment to DCA. No staff required by law. A staff person is Required to be staffed through MOU with DCA. Paid Staff is a requirement for accreditation by the Staffing recommended to ensure the mission,goals and National Main Street Center to be eligible to be requirements of the organization are followed. designated as a Main Street Community. Financing Opportunities Tax exempt legal body(i.e. bonds, loans from banks, Tax exempt as part of the City of Tybee Island etc.) Open Meetings/Records Required by law to observe both the open meetings Follows GA Open Meetings and Open Records Acts. and open records acts of Georgia. Fiscal Year Generally follows Municipality Adheres to the City of Tybee FY * Opportunities/Examples/Supporting Information follow on page 2... Prepared with assistance from DCA Office of Downtown Development and other counterparts with MS/DDA. Reviewed by MS Directors. Page 1 of 2 (CRM: July 2013) DOWNTOWN DEVELOPMENT AUTHORITY/ MAIN STREET (TYBEE SPECIFIC) OVERVIEW/ COMPARISON DDA(Additional Information) Main Street(DDA consideration) (Identified for/by Tybee specific) DDA is not legally bound to go thru the bid process. One Be the"pass through"Authority for property example is if an historic building is being restored and owners to pursue a Downtown Revolving Loan the lowest bidder(municipality process) is not HP Fund (DDRLF) sensitive,the contract can be awarded to a contractor that is HP sensitive by the DDA. Offer a (matching) Facade Improvement Grant Program to merchants as funds are allocated/ DDA can own property, lease property,condemn available. property. Streamline/ease process of grant application DDA can show a revenue stream to seek and secure process and accepting sponsorships/donations. bonds and/or loans for projects. Examples follow: • Revenue bond for City to acquire property for USDA Rural Business Enterprise Grants public infrastructure improvements (Woodstock); Potential (immediate) projects include: • Tybee Post Theater • Constructed a pedestrian crosswalk downtown • Carbo House Opportunities/Examples/ (Woodstock) Others to be identified with opportunity •Supporting Information • Utilized $480K(DDRLF/GCF) proceeds for a private project(Woodstock) • Paid for a Master plan in Downtown Additional "points" to show City's commitment to (Woodstock) ED within the designated district when competing for funding,such as: • Fagade Grant Program using proceeds from • Georgia Downtown Renaissance Act leases of two properties(Woodstock) • Community Development Block Grant • Façade Improvement Programs(St. Mary's, (CDBG) Kingsland) • USDA RBEG for theater restoration (Toccoa) • Other DDRLF recipients included LaGrange, DDA/DDRLF/Incentives for businesses are identified throughout the City of Tybee's Master Carrollton,Conyers, Ellijay,etc. Plan,Quality Growth Resource Team Report and Additional information: Short Term Work Program/Plan • www.gmanet.com/MRD.aspx?CNID=49240. Pursuing Business Improvement District(BID) • DDA Fact Sheet,8 steps to creating a DDA& sample documents (5/21/13 email) Prepared with assistance from DCA Office of Downtown Development and other counterparts with MS/DDA. Reviewed by MS Directors. Page 2 of 2 (CRM: July 2013) D .0 C C ii o C C < 0 0 U O 4 o) O H > , p O .fl 7I c j C 0 E % C a) • t t U fl E E 0 a i V Q 0 0 o E ace Oo pD T 4 > up N E C E O 3 o Q 0 t o -1 O to 0 C CD. 3 a i E o D a t c E r O .cam 0 _c _o O N p o C O 1- - c C a) -p 0 _- u) r p e2 o c .5 p C a O O p O U o O Q 0) 0 , >. aoi aa' ° m c • 3 a) r " 0 o Hfl�a a. ° 4 m HUH v c - H p Q o o _o . ii LI Uflhllh 0 � u} U C : -O= 3 33 a T p c m o o •� •n �., o c O N a '7„ , 'U �, a) 0 O N N N N C 0) 6 ._ . > %_ - N a 0 < L o } E 3 - - 0 'p °-o , Q - a) 0050 p N > � c o ,c p > D o O O Oo o• O p 0 ` 2 0 : 0 +`^- 0 a) o O 'm -p •C C C -0 y m c cc ? c U mO __ E PE ' 0 ., 0- 009- 0 ,9 O p O p a) w) .o U H c c .- C O 2 . 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Opportunities: • Expand visitor's center to a self contained building. Allow for hotel/bed and breakfast establishments and activity bookings at the center. • Develop economic development strategy that focuses on small business retention/recruitment and identifying/acquiring redevelopment properties. • Work with the Downtown Development Authority to improve the aesthetics of the business district through a facade grant program. • Ensure that businesses are being taxed according to their zoning category. • Explore the potential to provide financial assistance to small businesses that are affected by high property values. • Provide incentives, such as marketing/advertising assistance,to retain existing business and to encourage new businesses to locate on Tybee Island. • Consider the creation of a City-sponsored small business incubation center to allow for small business development and establishment. • Seek participation from local business owners and developers to ensure their concerns are addressed in this plan. • Explore potential incentives for commercial redevelopment projects. • Consider providing incentives/services for service workers (including affordable housing locator, transportation, etc.)to encourage them to work on Tybee Island. • Consider issues related to out-of-town vendors versus on-Island vendors. Integrated Science&Engineering 43 January 2008 City of Tybee Island, Georgia Master Plan Community Agenda 3.8 Intergovernmental Coordination Issue: • Tybee Island could benefit from more coordination with other local, county, and State governments/agencies, regional agencies,private agencies,the business community, and the public. • Tybee Island is vulnerable to hurricanes. Opportunities: • Tybee will need to work with other local governments to identify remote park and ride sites. • Continue to participate in regional transportation planning efforts to work towards implementation of this objective. • Continue to coordinate with CEMA, Chatham County and other local and regional agencies to implement Tybee Island's Hurricane Disaster Management Plan. Integrated Science&Engineering 51 January 2008 City of Tybee Island, Georgia Master Plan Community Agenda 4.1 Short-Term Work Program Table 2: Short-Term Work Program Project Year Completed Responsible Cost Funding Starting Year Party Source Population Conduct a marketing study to determine what types of services,facilities,and commercial 2008 2009 City,Tourism $50,000 DCA,General establishments would be necessary to attract Council,TIEDC Fund additional tourist groups to the Island. Develop a tourism marketing campaign that Tourism focuses on drawing identified tourist groups to 2009 Ongoing Council $100,000 TBD the Island. As part of a carrying capacity study determine DNR,ACOE, sufficiency of services and facilities for the 2008 2010 City,TIEDC $45,000 General Fund aging population. Develop an education packet to be distributed to visitors about available City,Tourism General Fund, activities/services/resources(include 2008 Ongoing Council TIEDC $25,000 DCA information about natural resources protection, local ordinances,etc.) Work with various rental agencies,realtors, Tourism hotels/bed and breakfast establishments to 2009 Ongoing Council Staff Time General Fund distribute the packet to island visitors. Economic Development Create a position for Better Hometown 2008 Ongoing City Coordinator. 9 9 Y $35,000/yr General Fund Work with local businesses to prepare for an 2008 2009 City,Tourism Staff Time General Fund application to the Better Hometown Program. Council TIEDC Reactivate the DDA upon completion of the DNR,General Market Study. 2008 2010 City,TIEDC $50,000 Fund Prepare economic development plan for business district.Consider identified issues 2009 2011 City,TIEDC $75,000 City,DCA and opportunities for economic development. Evaluate potential for an Urban Redevelopment plan and creation of an 2010 2011 City Staff Time General Fund enterprise zone. Request that the Pier be dedicated to the City by Chatham County. 2008 2008 City Staff Time General Fund Renovate the Pier once it has been dedicated 2009 2010 City $250,000 OneGeorgia,DCA to the City. 9 Develop programs for small business retention 2008 Ongoing City,BHT $10,000/yr General Fund and recruitment. Support the development of heritage tourism. 2008 Ongoing City,Tourism Staff Time, National Parks Council grants Service,DCA Provide assistance to new businesses 2008 Ongoing City,BHT $10,000/ r General Fund developing on the Island. Y Consider development of a City-sponsored small business incubation center to provide for 2008 Ongoing City,BHT Staff Time General Fund establishment and development of small Island businesses. Develop a strong working relationship with 2008 Ongoing City,BHT Staff Time General Fund Savannah Development&Renewal Authority. Work with the Tourism Council and local City,BHT, business groups to encourage revitalization of 2008 Ongoing Tourism Staff Time General Fund business district. 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