Title
Enterprise Zone and Green Building Program Discounts (B)
Explanation
At the October 23, 2006 City Commission meeting, the City Commission recommended that the Community Redevelopment Agency recommend to the Downtown Advisory Board that they consider developing a new incentive program targeted to smaller scale developments that need alternative encouragement or incentives, as the City removes Enterprise Zone discounts. The College Park University Heights Redevelopment district currently has such a program in place.
The CRA could consider creating an incentive program similar to the College Park University Heights Redevelopment Incentive Program for the Downtown district. Staff recommends this item be referred back to the CRA's Redevelopment Advisory Board for further research and discussion, and will report the Advisory Board's recommendations back to the CRA. Staff will also be taking a discussion to the Fifth Avenue Pleasant Street Advisory Board, recommending a similar program in that district. The Eastside Redevelopment Advisory Board currently has such a program in place.
Fiscal Note
None
Recommendation
Executive Director to the CRA: The CRA refer to the Eastside Redevelopment Advisory Board and Downtown Redevelopment Advisory Board to consider whether to develop new incentives targeted to smaller scale developments that might be negatively impacted as the City removes the Enterprise Zone discounts.