A look at Urban Renewal
http://www.oregonbeacon.com/CoquilleSentinel/articles/1392/1/A-look-at-Urban-Renewal/Page1.html
Coquille Valley Sentinel Editor
By Coquille Valley Sentinel Editor
Published on 06/23/2009
At the June 1st Urban Renewal meeting city councilor & URA chairman Loren Wiese, city councilor Bruce Parker, and Mayor Steve Britton, sub committee members of the Coquille Urban Renewal Board (URA) recommended to the Board (URA) that they award a contract to Leland Consulting Group to give an analysis of urban renewal plan options. The URA board approved hiring the Leland Consulting Group for $31,015 with $6,500 going specifically for site planning of the GP mill site.
A public meeting between The URA and Leland Consulting Group is set for June 30th at 4:30 pm. According to City Manager Terrence O'Conner, the main function of the consulting group is to examine the financial underpinnings of the district. The consulting group will address such questions as, Do we need to change the district boundaries? And, do we need to revise the financial estimates on revenue and expenditures? Anyone interested in the plans and goals of Coquille's urban renewal agency is urged to attend these meetings. Chairman Loren Wiese assured the Sentinel that the public's input would be given serious consideration.
At the URA's budget meeting on June 17th concerning the 2009-2010 Urban Renewal budget tentative goals for URA were published. Provide funding for the city's riverwalk project $50,000. Provide funding for the city's pool project $75,000. Provide funding for the completion of road and improvements to the GP mill site $150,000. Other URA projects $22,678. What is Urban Renewal? Urban renewal is a way for municipalities to avoid the negative consequences of urban blight by renewing and revitalize neighborhoods within the Urban Renewal district. This is done by using Tax Incremental Funds (TIF).
TIF's work in this way: Tax revenue that is generated by the incremental increase in property value in the renewal area can be used to fund improvements in the area being renewed. Simply put, by renewing or improving neighborhoods within the renewal district, property values go up, thus generating tax revenue that is then used to renew other areas in the urban renewal district. Past urban renewal projects have included adding new awnings, new benches, new sidewalk trash receptacles for pedestrians, and a color coordinated exterior paint job. All of this is meant to enhance the appearance of our downtown district to make it more attractive to business people, developers, and consumers.
For instance, the Nosler Building on the corner of Adams and 1st streets that houses the Eden Valley Health Food store and apartments has benefited from urban renewal projects by receiving a fresh coat of paint, new awnings and new metal benches on the sidewalks.
At the June 1st Urban Renewal meeting city councilor & URA chairman Loren Wiese, city councilor Bruce Parker, and Mayor Steve Britton, sub committee members of the Coquille Urban Renewal Board (URA) recommended to the Board (URA) that they award a contract to Leland Consulting Group to give an analysis of urban renewal plan options. The URA board approved hiring the Leland Consulting Group for $31,015 with $6,500 going specifically for site planning of the GP mill site.
A public meeting between The URA and Leland Consulting Group is set for June 30th at 4:30 pm. According to City Manager Terrence O'Conner, the main function of the consulting group is to examine the financial underpinnings of the district. The consulting group will address such questions as, Do we need to change the district boundaries? And, do we need to revise the financial estimates on revenue and expenditures? Anyone interested in the plans and goals of Coquille's urban renewal agency is urged to attend these meetings. Chairman Loren Wiese assured the Sentinel that the public's input would be given serious consideration.
At the URA's budget meeting on June 17th concerning the 2009-2010 Urban Renewal budget tentative goals for URA were published. Provide funding for the city's riverwalk project $50,000. Provide funding for the city's pool project $75,000. Provide funding for the completion of road and improvements to the GP mill site $150,000. Other URA projects $22,678. What is Urban Renewal? Urban renewal is a way for municipalities to avoid the negative consequences of urban blight by renewing and revitalize neighborhoods within the Urban Renewal district. This is done by using Tax Incremental Funds (TIF).
TIF's work in this way: Tax revenue that is generated by the incremental increase in property value in the renewal area can be used to fund improvements in the area being renewed. Simply put, by renewing or improving neighborhoods within the renewal district, property values go up, thus generating tax revenue that is then used to renew other areas in the urban renewal district. Past urban renewal projects have included adding new awnings, new benches, new sidewalk trash receptacles for pedestrians, and a color coordinated exterior paint job. All of this is meant to enhance the appearance of our downtown district to make it more attractive to business people, developers, and consumers.
For instance, the Nosler Building on the corner of Adams and 1st streets that houses the Eden Valley Health Food store and apartments has benefited from urban renewal projects by receiving a fresh coat of paint, new awnings and new metal benches on the sidewalks.