REDMOND URBAN RENEWAL AGENCY CITY OF REDMOND Community Development Department 716 SW Evergreen, Redmond OR 97756 541-923-7756 Fax: (541) 548-0706 www.ci.redmond.or.us DURAC MEMBERS Donald Crouch, Chair Edwin Danielson, Vice-Chair Brad Smith Sam Blackwell Paul Hansen Tom Kemper Trish Pinkerton PROPOSED AGENDA DOWNTOWN URBAN RENEWAL ADVISORY COMMITTEE City Hall Conference Room A, 716 SW Evergreen Avenue Monday, November 14, 2016 5:00 7:00 PM Agenda TIME ITEM 5:00 PM CALL TO ORDER / INTRODUCTIONS 5:05 PM 5:45 PM I. EXECUTIVE SESSION REAL ESTATE Oregon Law permits public bodies to meet in executive session to discuss specific matters which are not open to the public. Final actions or decisions on these matters will be made during regular session. Under the provisions of the Oregon Public Meetings Law, the proceedings of this executive session are for background information only for media attending and not for publication or broadcast. II. III. MOTIONS AS A RESULT OF EXECUTIVE SESSION DISCUSSION ITEMS a. Update from BPAC on Bike Corral b. Q1 Financial Report Jason Neff (Exhibit 1) c. Business & Property Changes Memo (Exhibit 2) d. Member satisfaction survey e. DURAC Update to URA (Exhibit 3) Gib Stephens Vacant David Purkey, Youth Ex Officio 6:45 PM 6:50 PM 6:55 PM 7:00 PM CITIZEN COMMENTS STAFF COMMENTS DURAC COMMENTS ADJOURN *Please note that these documents are also available on the City s website www.ci.redmond.or.us; click on Departments, Community Development, Planning Division, and DURAC (under the Urban Renewal box at the bottom). You may also request a copy at City Hall from Chuck Arnold 541-923-7761 or Jackie Abslag 923-7763. Anyone needing accommodation to participate in the meeting must notify ADA Coordinator, at least 48 hours in advance of the meeting at 541-504-3036 or through the Telecommunications Relay Service (TRS) which enables people who have difficulty hearing or speaking in the telephone to communicate to standard voice telephone users. If anyone needs Telecommunications Device for the Deaf (TDD) or Speech To Speech (STS) assistance, please use one of the following TRS numbers: 1-800-735-2900 (voice or text), 1-877-735-7525 (STS English) or 1-800-735-3896 (STS Spanish). The City of Redmond does not discriminate on the basis of disability status in the admission or access to, or treatment, or employment in its programs or activities
Downtown Urban Renewal Development Fund FY 2013/14 Actual FY 2014/15 Actual FY 2015/16 Actual YEAR T0 DATE BUDGET PROJECTION VARIANCE YTD % of Budget $s of Budget Remaining Inception to Date Plan (Max Allocation) To Go Current Resources Interfund Transfers 13,504,103 488,983 763,260 777,983 777,983 0% 777,983 Other 78,958 125,635 150,269 643,655 86,300 705,383 619,083 746% (557,355) TOTAL CURRENT RESOURCES 13,583,061 614,618 913,529 643,655 864,283 1,483,366 619,083 74% 220,628 Beginning Fund Balances General 2,232,632 15,118,846 15,198,475 14,319,272 14,450,000 14,319,272 (130,728) 99% 130,728 TOTAL BEGINNING FUND BALANCES 2,232,632 15,118,846 15,198,475 14,319,272 14,450,000 14,319,272 (130,728) 99% 130,728 TOTAL RESOURCES 15,815,694 15,733,464 16,112,004 14,962,927 15,314,283 15,802,638 488,355 98% 351,356 Expenditures by Activity Project Administration 367,219 327,806 356,559 82,810 383,303 383,380 77 22% 300,493 1,296,716 6,000,000 4,703,284 Property Assistance Program 111,616 44,403 165,980 13,420 530,000 530,000 3% 516,580 227,286 3,350,000 3,122,714 City Hall 2,300,000 2,300,000 2,300,000 100% 2,300,000 1,500,000 (800,000) Housing Development Opportunity Fund 23,682 153,018 675,800 500,000 675,800 175,800 135% (175,800) 770,066 7,000,000 6,229,934 Circulation Study 150,000 0% 150,000 135,000 135,000 Highway 97 Reroute Beautification 34,504 98,495 64,274 176,159 300,000 300,000 59% 123,841 413,438 500,000 86,562 Business Park Master Plan N/A 150,000 150,000 Wayfinding 2,500 6,100 25,000 25,000 0% 25,000 12,177 25,000 12,823 Business Development Services 27,821 45,000 45,000 0% 45,000 150,000 150,000 Restaurant Capital Improvements 100,000 (100,000) 0% 100,000 150,000 150,000 Alternative Mobility Project 7,576 14,047 19,438 750,000 750,000 0% 750,000 26,623 2,500,000 2,473,377 Business/Medical Park Development 46,492 18,879 40,374 1,385,000 1,385,000 0% 1,385,000 69,621 6,000,000 5,930,379 Industrial Opportunity Fund 153 200,000 200,000 0% 200,000 112,653 2,000,000 1,887,347 Redevelopment Opportunity Fund 25,328 21,113 24,490 19,448 2,546,883 2,546,883 1% 2,527,435 71,252 17,050,000 16,978,748 Evergreen Streetscape Improvements N/A 90,000 90,000 Circulation Improvements (0) 50,000 50,000 0% 50,000 29,573 5,500,000 5,470,427 Public Open Space 76,202 7,747 930,624 1,045 25,000 25,000 4% 23,955 133,209 3,500,000 3,366,791 Public Parking 4,056 7,848 6,024,097 6,024,097 0% 6,016,249 24,436 10,000,000 9,975,564 Truck Bypass Reroute 4,076 N/A 4,076 (4,076) TOTAL EXPENDITURES 696,848 534,989 1,792,732 3,276,530 15,314,283 15,240,160 75,877 21% 12,037,753 5,491,127 65,600,000 60,108,873 Expenditures by Object Classification Materials & Services 542,586 401,068 748,486 2,423,996 1,261,569 3,561,070 2,299,501 192% (1,162,427) Capital Outlay 154,261 133,922 1,044,246 852,535 14,052,714 11,829,090 (2,223,624) 6% 13,200,179 Special Payments N/A Unappropriated Reserve N/A TOTAL EXPENDITURES 696,848 534,989 1,792,732 3,276,530 15,314,283 15,390,160 75,877 21% 12,037,753 NET FUND TOTAL 15,118,846 15,198,475 14,319,272 11,686,397 412,477 412,477
CITY OF REDMOND Exhibit 2 716 SW Evergreen Avenue Community Development Department Redmond, OR 97756 (541) 923-7721 Fax: (541) 548-0706 www.ci.redmond.or.us MEMORANDUM DATE: NOVEMBER 14, 2016 TO: DURAC MEMBERS FROM: CHUCK ARNOLD, URBAN RENEWAL PROGRAM COORDINATOR SUBJECT: NOVEMBER 2016 BUSINESS AND PROPERTY CHANGES IN THE URBAN RENEWAL AREA New Businesses Lil Southern Accent, 215 SW 6 th Street Pictured 1 Commercial space converts portion of frontage from Joyco Sales (closed) to candle shop, oils, body scrubs. Operators ran similar business in Texas and just relocated to Redmond. Just Cut Juice Bar, 412 SE Evergreen Avenue Former Carquest location is in planning and permitting for a healthy juice bar and fitness center. Plans are to open this winter. Best Care, 1470 NW 4 th Street Drug rehab treatment facility begins design work and acquisition of Dr. Unger s property in the Professional Business and Medical District. Property Transactions Wild Ride, 314 SW 5 th Street Parr Lumber sells building to Wild Ride. A good success story of urban renewal investment.
L Rancho, 423 NW 6 th Street-Pictured 2 Apartment building sells and new owner has renovation plans including new windows and landscaping. Another good UR story, UR invests in improvements and building sells. Landaker Building, 457 SW 6 th Street Building at corner of Evergreen and 6 th (Soup 2 Nuts) sells. Smoke Shop Building, 245 SW 6 th Street Building, just north of Cascade, sells and plans begin for brew pub. Property Improvements La Fondita, 122 SW 5 th Street-Pictured 3 & 4 Property owner and tenant work with UR to replace non-conforming sign with new pedestrian scale sign. Pictured 1-215 SW 6 th SW Street just leased, set to open in October
Pictured 2-423 NW 6 th Street, more improvements coming Pictured 3-122 SW 5 th Street before Pictured 4-122 SW 5 th Street after
THE DOWNTOWN URBAN RENEWAL DISTRICT
Remove conditions of blight Promote economic development Create jobs
$15.3 million in 16/17 Budget 22% increase in tax increment $3.2 million in investment leveraged this year
INCENTIVIZING BUSINESS INVESTMENT
Property Assistance Program Enhance vitality and values in the commercial districts by improving appearance of buildings. Façade Grants-90% costs up to $4,000 per storefront Small Project Grants-50% costs up to $5,000 Property Rehabilitation Loans-50% match loan up to $100,000
Property Assistance Program 2016 Results Over 3 dozen active projects $35,000 of project work started in this year alone $282,000 of funding active in the market
Property Assistance Program 2016 Results Program has assisted over a dozen property owners convert signage to conforming pedestrian scale appropriate displays After Before
Loan & Incentive Programs Incentivizing development thru loans and buy-down programs Low interest loan of up to 20% of construction costs SDC Buydown program that provides $5,000 per unit (minimum of 3 units and a maximum of 30 units or $150,000
Loan & Incentive Programs 2016 Results Over $250,000 funded helping leverage $12.5 million in investment! Busy Chef Before Busy Chef After
Open Space & Beautification 2016 Results Beautified Hwy 97 - Flag Monument dedicated $500,000 invested
Open Space & Beautification 2016 Results Over 170 Flower baskets installed & flowers planted in highly visible areas.
Open Space & Beautification 2016 Results Centennial Plaza begins planning process for 2019 opening
Strategy Project Mid Town Redevelopment Historic Redmond Hotel Family Entertainment Center Evergreen City Hall
Strategy Project Mid Town Redevelopment Mid-Town action plan directs us to engage in market interventions
Strategy Project Mid Town Redevelopment 2016 Results 5 th and Greenwood Property acquired (Ryan s Produce site), RFP out soon for mixed use development
Strategy Project Historic Redmond Hotel Redevelopment in boutique hotel still desired project with the greatest economic multiplier.
Strategy Project Historic Redmond Hotel 2016 update New buyer in discussions with City, incentives still available
Strategy Project Family Entertainment Center Move existing City Hall and redevelop site with catalytic family friendly activity center
Strategy Project Family Entertainment Center 2016 Update Redevelop site with high activity family entertainment center
Strategy Project Evergreen City Hall Preserve historic building, move City Hall to open up existing site for redevelopment
Strategy Project Evergreen City Hall 2016 Update $2 million + of UR investment