HomeMy WebLinkAboutURA RES 2016-09 ----------
Rtil".SOLUTION NO. 2016- 'C"
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A RESOLUTION OF THE URBAN REN'EWA,I,.d ACENCY OF THE CITY OF
N RAM TO INCENTIVIZE
CALDW'E:jLjLl IDAHO ADOP"I"INC A, FtY DING PROC
PRIVATE PARTICIPATION' IN CERTAtN` CITY OF CALDWELL, IDAHO LOCAL
BUSINES R,OV' M� . T 111SYRIC71"S ESTABIASHED PURSUANT TO IDAHO
CODE §50-1703AAS PART OF THE AGENCY'S REHABILITAT ION PROGRAM AND
tdk� .a 'i
PROVIDING FOR T111.k O
Rl"St "UTION TO BE EFFEC."FIVE I.PON rrs PASSAGE
AN.I D APPROVAL.,
1`111S RES01AJI"JON is rnade oti the date hereinafter set 4_'orth by the Urban, Renewal
Agency of" the City, of Caldwell, Idaho an independent public body corporate and politic",
authorized underthe aut1writy ofthe Idaho Urban Renewal Agency I..,,aw of 1965, as amended,
r
Chapter .2.0, "I'litle .50, Idaho Code, a duly c eated and f ncdoning, Urban Renewal Agency for
CaIdwell, Idaho,hereinafter referredto as the"Agency."
Wf1ER1-.4,'AS, on or about ()ctober 19, 1998 the City of Caldwell, Idaho ("City") throLlgh
its Mayor and City, Council, passed ResolUtiOnS 88-98 and 89-9�8, creating an urban renewal
ag,ency,, pursuant to Chapter.1.0, `1 itle 501, Idaho Code; and
-4
WI-41.-.'REAS, there was prepared 1,.'(,)r the Agency, and adopted, according to law, the
Caldwell Area Wo,rkable Program/Implernentation Plan and, Urban Renewal Plan f'or the
0
Caldwell East Urban Renewal 1)roject, which have 1',"rom time to timebeen amended according to
law, (collecti*vely the and
WH'EREAS, purs'u',c"Int, to the plan th,e Agency has created a R,ehabilitation Prograni to
i n ion.,
advike encour�a and , ss*st 'n the rehab'fitat' ovat on and con,servation of'property in the
,ge, a i i ren
PrQJect Area not owned by the Agency"; and,
WHEREASI, 'with, respect to 'the Rehabilitation Prograrn, the Plan. at Sectlon 311.1,
Provides that:
"[w]lth revenue allocation funds and other funding sources available to it...tlhe Agency
w"'I implement a program o'll'''voluntary
e Lind reliab.111tat'on of''buildings within "the
I I 'I rpair z, I
re've,nue allocation area.... The goal, of'the Refia,'Ki,litation 11rogram is to bring buildings
in the area up to the general sat' ty, caesthetic, thematic and other standards, set forth in the
C a 11
ity s building code or neighborhood devellopment plan,s or studies th,rough.bul'Id ink g code
'repaliT., reptace,
enforcement and by proviWing to prope-rty owners incentives to rvrnodell,
and/or reliabititate their buildings."
WHE'REAS, in May 2010, the City adopted theDowntown, Caldwell Frainework Master
"Framework Master Plan") to provide a guide for the cohesive and well,-org(,tni zed
development of the downtown area; and
RESOLUTION NO.2016--_q, Page I
W14EREASI,, 'the Framework MasterPhan includes a series of artistic building elevations,
depicting a common architectural/aesthetic theme for the exteriors of rehabilitated dowlitown
proplerties', and
WHEREAS, Idaho Code §501-17013A authorizes the (.7ity to create a local. btl-Siness
'D ""For the purpose of constructing and
improvement district, 1',unded, 'in the same manner as all, LI , #
finane'n improvementsto the extertor portions of business buildings to
I g the cost and expense of*
bring business bUildings W,ithin the district into conformity with 'the architectural theme adopted
"by the ci " and
WHEREAS h..e the Agency's Plan Rellabilitation, Program, the 1"rarnework Master• �@ lable
Plan's guidance on a, cohesive redevelopment aesthetic, and the financing rnechanism avai.
M I I an,
to the City and priwate property owners, in the forni, a local business nprove ent d*str*ct c,,
and should work together to help achieve the rehabilitation purposes, of the Rehabillitcation
Program.
THEREFOR,'E.., BE 1"F RES01NED BY 'n-JE BOARD OF COMM,IS S IONERS
NOW'11
OF THE URBAN RENEWAL AGENGY OFTRE rYOF ("I'ALDWELL, IDAHO.-
i r i , ehabilitation Prograt-n to,
"rhe Agency sh,all make funds avarllablef4 'tslb
Section I.,
incentivize voluntary private, participation, 1n,certain City locact bUrStriess irnprovement d'stdcts by
reducing"the percentage of the cost to be ass,ess,ed against each lot and parcel with"in the district"
a r *ded in Idaho Code §50-1703A(5)(d).
s p ovi
Section, 2.- Local business i,n1provement districts eligible for funding must,be located
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in that portion of the Reveniie ,A 11 flocation Area and Project, Area bound-ed by the tJPRR. r" ,
way on the northeast, South I Ot, Ave on the southeast, Indian Creek oti the southwest, and South
5"' Ave. on the northwest.
Section 3,-., Local business improvement districts eligible for funding mustbe
established for thepurpose of constructing bulldingfa�,ade improvernents, th,at are aesthetically
consistent with the Franiework Mcia'ster"Plan. and Chapter 10, Art'cle 1.2 of the Ca, dwel C ty
("ode as determined by the design r"vie roc es,s setfiorth in the Caldwell City Code.
Section 4: Local business improvement districts eligible 1"or funding must reSUlt in
si,ignificant improvement to the property, eradicatio'n of blight and meet the general safety,
Ir 0 1
quality and other constrlldi'011 Standards set, forth 1hithe C
',.It s building codes and applicable
y
ordinances.
Section. 5 Agency may condt,tion..,fundmg,uploii assurances that the fa�ade
improVcnie.nts are purs'Lied for", and will beLlsed in good fiaith for, econorritc development and
0,
elimination of b1light. Funding conditions may require re,irnbursement ifpnvate partpation 'I'S
priniarilyt`,�or improving proper-tiesR)'r resale or otherwise specuhating in real estate.
RESOLUTIONNO.2016-_Sj_,.,,Page 2
Section.6: The Agency's finaticial participationin the local business spryprovement
district shall be established.at thetime of', and in COT�')Ulwtion with, the P�etitioll presented to the
City CoLnicil purstiant to Idaho Code §50-170�3,A,(5). Financial participation may-vary fro�m one
d1str Dl.ct,to another depending upon the availabifiity of nds and the size and s,cop�e of the distrwt
Yr
and improVCrilni,ents. "The objective offund.ling shall 'be as f(,fllows:
A 'ro pay thirty-five percent (35�%) of the cost estiftiated 'in the Petitloti to be
i I improvement
assessed.against e,,-L�tch lot a,nd parcel, within the local bus"ness
district. amid
B. To pay any interest on det"erred assessments proVrided the prinCirpal '*S
ti.niely paid by the responsible party,, Cand
liat all.costs necessary to the formation of the
1"o pay or otherwise assure t-
C
local business improvement district,are paid with oulaassessment to
participating property owners.
Sectio "I"hatthis Resolution shall, be in, and efl"ect immed,lately upon its
adoption and approval.
AD0pr FED AND APPROVED '14-11S
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SECRETARY
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