Welcome 4 TH Avenue and 16 th Street Redevelopment Area Open House December 12, 2011, 5:00 PM.

Welcome

4TH Avenue and 16th Street Redevelopment Area Open House

December 12, 2011, 5:00 PM

Opportunities for Redevelopment

The City of Yuma is interested in working on a voluntary and cooperative basis with private property owners to improve the 4th Avenue Corridor south through the intersection with 16th Street.

The City is considering creating a redevelopment

area to provide economic development incentives to promote new public and private investment.

Overview

1. Provide a presentation on the Property Survey for the 4th Avenue and 16th Street Redevelopment Area.

2. Discuss particulars about the property survey with RSP Architecture consultants.

3. Provide City Staff with your comments and input.

Purpose for Redevelopment Area Survey

To determine if property conditions within the 16th Street and 4th Avenue Study Areas meet the requirements of StateStatutes for the creation of a Redevelopment Area.

Redevelopment Area Property Survey Map for 275 Properties

Arizona State Statute Definition

The following must be true in order to establish a Redevelopment Area:

1. There is a predominance of buildings or improvements, whether residential or nonresidential.

(75% within Survey Areas) 2. The public health, safety or welfare is threatened because

of any of the following: Dilapidated, deteriorated, aging or obsolescent

buildings or improvements. The inadequate provision for ventilation, light, air,

sanitation or open spaces. Overcrowding. The existence of conditions that endanger life or

property by fire and other causes. (86% - Deficient, Substandard or Vacant within Survey Areas)

Property Condition Analysis

Condition A Standard Example: Meets Current Codes with little or no Deferred Maintenance

Condition B Deficient–Rehabilitation Feasible Example: Rehabilitation of the property and structure would not exceed 50% of its replacement cost.

Property Condition Analysis

Condition C Deficient–Rehabilitation Questionable Example:

Moderate to Major Deferred Maintenance

Rehabilitation likely to be in excess of 50% of replacement costs.

Condition D Substandard Example:

Major Deferred Maintenance Evidence of Structural Issues May include Environmental

Hazards requiring mitigation. Rehabilitation appears

Unfeasible.

Survey Results

Total Number of Properties Evaluated 275 - 100%

Total Condition “A” Properties 37 - 14%

Total Condition “B” Properties 105 - 38%

Total Condition “C” Properties 56 - 20%

Total Condition “D” Properties 8 - 3%

Total Condition “E” Properties 69 - 25%

Total Deficient, Substandard or Vacant 238 - 86%

Potential Incentives for Expanding Central Business District

Potential use of Federal and State Grant Funds for Rehabilitation Programs.

Property Tax Abatements for new development and major rehabilitation.

Public-Private Partnerships, Development Agreements and Land & Improvement Leases.

Voluntary and Cooperative Participation

Provide Your Comments

Volunteer to participate on a continuing basis.

The Next Step

City Council Regular Meeting Action Items on January 18, 2011: Public Hearing for Finding of Necessity Expansion for Central Business District

Questions/Answers

Thank you