Title
Potential Eastside Redevelopment Area Expansion, Study Area 1 (B)
Explanation
In February of 2008, the City Commission allocated funds to study expanding the Eastside CRA Area to the northeast (See the attached map). The City retained WilsonMiller to conduct the study which has been completed and is now on file in the office of the Clerk of the Commission. On January 15, 2009, WilsonMiller and City staff presented the findings of the study (the Report) and additional information for the City Commission's consideration. At that time, the City Commission accepted a report from the consultant addressing blighted conditions in the proposed expansion area (Study Area 1), received public input, and adopted a resolution finding blight in the area. Additionally, the City Commission also referred the report and the resolution to the Community Redevelopment Agency and recommended the CRA amend the Eastside Area Redevelopment Plan as appropriate.
The resolution finding blight is the first step necessary to expand the Eastside redevelopment area to include the subject property, which will allow the property to generate tax increment funds to assist in rehabilitating and redeveloping the area. Should a potential expansion of the Eastside Redevelopment Area move forward, it may also become important to consider the impact of new legislation affecting the funding structure for redevelopment trust funds. This legislation has come into effect since the last boundary modification to one of Gainesville's Redevelopment Area's, and a potential Eastside expansion would be the first local action impacted by these changes. As such, the City and the CRA may wish to engage the County in discussion related to potential funding structures and contributions to the redevelopment trust fund for any potential expansion areas to the Eastside Community Redevelopment Area (the funding structure for areas currently within the CRA would not be affected). An appropriate timefram...
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