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Agenda 05/15/2006 W CRA Board Commissioner James N. Coletta Commissioner Fred W. Coyle Commissioner Donna Fiala Chairman Commissioner Frank Halas Commissioner Tom Henning Advisory Board Bill Neal Chairman Karen Beatty Ron Fowle Rod Garner Chuck Gunther Phil McCabe Steve Main William Mears Lindsey Thomas CRA Staff David L. Jackson Executive Director THE BAYSHORE/GATEWAY TRIANGLE REDEVELOPMENT AREA COMMUNITY REDEVELOPMENT AGENCY 2408 LINWOOD AVE SUITE 11 NAPLES, FL 34112 PHONE 239.643.1115 FAX 239.775.4456 Monday, May 15,2006 10:00 - 12:00 3301 Tamiami Trail East, Naples FL 34112 2006 JOINT WORKSHOP BETWEEN CRA BOARD AND LOCAL ADVISORY BOARD AGENDA CRA Chairman Welcome and Remarks CRA-AB Vice-Chairman Welcome and Remarks Executive Director Redevelopment Overview CRA & CRA-AB Accomplishments 2005-2006 Projects Currently In Work Public & Private TIF Revenue Projections CRA Board Discussion Advisory Board Recommended FY2007 Goals and Priorities Closing Remarks THE BAYSHORE/GATEWAY TRIANGLE REDEVELOPMENT AREA 2408 LINWOOD AVE, SUITE 7-UNIT 11 NAPLES, I'L 34112 PHONE 239.643.1115 FACSIMILE 239.775.4456 BAYSHORE GATEWAY TRIANGLE COMMUNITY REDEVELOPMENT AGENCY .'~'..'. ..' ..~~ '\.: TomoRQw ", eRA Board and Advisory Board Joint Workshop May 15, 2006 CRA Board Commissioner James N. Coletta Commissioner Fred W. Coyle Commissioner Donna Fiala Chairman Commissioner Frank Halas Commissioner Tom Henning Advisorv Board Bill Neal Chairman Karen Beatty Ron Fowle '00 Garner Chuck Gunther Phil McCabe Steve Main William Mears Lindsey Thomas CRA Staff David L. Jackson Executive Director THE BAYSHORE/GATEWAY TRIANGLE REDEVELOPMENT AREA (:OMMUNITY REDEVELOPMENT AGENCY 2408 LINWOOD AVE SUITE 11 N.\PI.ES, FI. 34112 PHONE 239,643.1115 FAX 239.775.4456 Monday, May 15,200610:00 -12:00 3301 Tamiami Trail East, Naples FL 34112 2006 JOINT WORKSHOP BETWEEN CRA BOARD AND LOCAL ADVISORY BOARD AGENDA CRA Chairman Welcome and Remarks CRA-AB Vice-Chairman Welcome and Remarks Executive Director Redevelopment Overview CRA & CRA-AB Accomplishments 2005-2006 Projects Currently In Work Public & Private TIF Revenue Projections CRA Board Discussion Advisory Board Recommended FY2007 Goals and Priorities Closing Remarks THE BAYSHORE GATEWAY TRIANGLE REDEVELOPMENT AREA 2408 LINWOOD AVE. SUITE 7 UNIT I] NAPLES. PI. 34112 PHO"1 E 2YJ.6'U.lll 5 F.~( S 11,1 I LE ..:.," --';.4456 EXECUTIVE SUMMARY Since its creation in 2000, the Bayshore Gateway Triangle Redevelopment area has experienced substantial economic growth doubling its taxable land value. The growth has been steady in both the residential and commercial markets with private investors taking note of the area's potential and capitalizing on redevelopment opportunities. During the first four years, the Local Advisory Board adeptly managed the CRA's business and built a cohesive team that stayed the course despite low revenues and limited resources. In their fifth year they skillfully guided the area's economic progress and physical improvements by taking an aggressive approach to the redevelopment. They established lofty strategies, goals and objectives to achieve the Master Plan's objectives and set out to achieve them. In the twelve months since the Local Advisory Board last met with the CRA Board, many projects were completed and many more were conceived and scheduled for implementation. Physical improvements included two landscape projects, completion of the final engineering documents for a major highway lighting project, and $60,000 awarded in site improvement grants that yielded over $200,000 in commercial and residential property improvements. Other scheduled infrastructure projects include the paving of five residential dirt streets and the streetscape design of four residential streets as part of neighborhood improvement programs. Significant residential construction projects of over 10 acres are rising out of the ground, new families are purchasing existing home sites and renovating them, and small construction companies are building houses on vacant single-family and multi-family infill sites. Investors are purchasing formerly zoned mobile home sites with plans on replacing mobile homes with permanent traditional foundation homes, thus increasing hurricane and wind storm resistance and meeting FEMA flood plain requirements. Significant progress in sale and assembly of land for redevelopment was noted last year in anticipation of the CRA's zoning overlay. This trend has accelerated as a result of the overlays approval in February 2006. Multiple mixed use redevelopment projects are in the planning process and several soon will be progressing through the permitting phase. One ofthe most creative and potentially significant ventures of the CRA was the purchase of 17 acres of vacant land to be analyzed and designed as a catalyst project in the Bayshore sector of the CRA. As the site is studied and planned, it will be interesting to observe the investor focus and redevelopment investment that occurs in its vicinity. ADVISORY BOARD MISSION STATEMENT The Bayshore Gateway Triangle CRA Local Advisory Board provides the leadership to promote the sound development and redevelopment of the CRA by focusing financial resources to improve infrastructure, appearance, architecture, landscaping and design, and provide economic stability and safety. ~. TOmOROW ,.'....,.< eRA LONG-RANGE STRATEGIC GOALS . Actively market development and redevelopment sites to potential investors. . Facilitate new development on vacant land sites. . Facilitate redevelopment of old or previously developed sites. . Provide incentives to achieve the type and style of growth that supports the CRA Master Plan. . Partner with investors, builders and developers to improve or upgrade adjacent public right-of-way and infrastructure. CRA ACCOMPLISHMENTS / ACHIEVEMENTS March 2005 - March 2006 . Staff Augmentation Approved . Haldeman Creek Dredging - Public Information Dissemination . Bayshore & Gateway Overlays Approved ($333,000) . TIF Revenue Study ($3,000) . Residential Market Study ($17,500) . Stormwater - Flow Survey- HDRlCounty ($363,000) . Botanical Place Boardwalk to Sugden Park ($200,000) Agreement: County Parks & Rec, McCabe, MSTU, CRA, County . Site Improvement Grant Rewrite - $60,000 in grants awarded . Davis Blvd Safety Lighting Project ($I.2M - $750,000 CRA commitment) Active - Design Consultant . US41/Davis Landscape Project ($12,000) . Davis Blvd Median Landscape Project ($30,000) . Streets cape Design Consultant - MSTU / CRA Agreement ($29,000) VK Development Antaramian Development Group Lakeview Neighborhood . Bayshore Drive - Shadowlawn Drive Corridor Study ($114,000) . Paving of Five Lime Rock Streets ($65,000) . Bayshore Catalyst Projects Public-Private development agreement - Arboretum Village · Parking garage ($3.5M) · 30 Gap Housing Purchase 17 acres $4.6M . Mini- Triangle Catalyst Project 8 acres assembled i YEAR PROJECT VALUE TIF 2006.. Sway Lounge 2,000,000 9,500 2006 Abaco Bay 15,000,000 70,261 20061' Botanical Place 42,000,000 196,732 2006' Davis Village 1 3,000,000 14,100 1,518,792 2007 Lofts of Bayshore 1,250,000 6,000 2007 Davis Village 2 1,000,000 5,000 2007 Cirrus Pointe 30,000,000 141,000 1,670,792 2008 Sandpiper Village 68,000,000 276,700 2008 Fisherman's Village 68,000,000 282,000 2008 Arboretum Village 184,000,000 846,734 3,076,226 2009 Sable Bay 30,000,000 141,000 3,217,226 2010 Min-Triangle 100,000,000 500,000 3,302,092 eRA TIF ANALYSIS TIF Revenue Projection 4,000,000 --..--..,--- --- 3,500,000 3,000,000 ! 2,500,000 I 2,000,000 u. F 1,500,000 1,000,000 500,000 O. 2005 3,632,200 2006 2007 2008 Year 2009 2010 2011 -+- TIF Revenue Projection I "."..""......---.--..-...-'....--"" '.~ SA Y8ffIBE I SA 1N'A Y 1'1IIAIIfH RBEVElOPMEllT AIE4 Davis Village Office ondos Arboretum Village A,:tn Ilnite Abaco Bay Condo Conversion Hamilton Harbor Rn~tol _ ~ RECOMMENDED eRA PROJECTS FY2007 Priority ORGANIZATION 1 Stand Alone Office Capabilities 2 Strengthen Role of CRA-AB Update By-Laws Creation of Sub-Committees 3 Update Website 4 Update CRA Master Plan 5 Expand CRA Boundaries ECONOMIC DEVELOPMENT 1 Marketing Plan 2 Create Destinations (5-Year Plan) . 1 Commercial Entertainment Center . 2 Cultural District / Art Center / Museum . 3 Mixed Use Power Center / Town Center 3 Residential Infill Projects INCENTIVES 1 Site Improvement Grant 2 Rebate of Project's TIF Increase 3 Update Zoning Overlays 4 Bonus Density Units 5 Impact Fee Assistance CODE ENFORCEMENT Blighted Buildings Commercial & Residential INFRASTRUCTURE Stonnwater (1-3-5-Year Plans) . 1 CRA Land Acquisition . 2 Bayshore - 17 acres . 3 Mini-Triangle . 4 Gateway Stormwater Study 2 Community Park & Buildings 3 Linwood Sewer Line Removal 4 City Water Line Upgrades 5 Parking Garage . Bayshore - Arboretum Village . Gateway - Mini-Triangle 6 Shadowlawn Improvements 7 Streetscape Extensions (5-Year Plan) 8 Bayshore South Improvements 9 Thomasson Drive Corridor Study 10 Signage . Gateways - Statement Signs . Community Directional Signage Master Plan TRUST FUND INFRASTRUCTURE 1 Stormwater (1-3-5-Year Plans) . CRA Land Acquisition . Bayshore- 17 acres . Mini-Triangle . Gateway Stormwater Study 2 Community Park & Buildings 3 Linwood Sewer Line Removal 4 City Water Line Upgrades 5 Parking Garage . Bayshore - Arboretum Village . GatevJay - Mini-Triangle 6 Shadowlawn Improvements 7 Streetscape ExtensIons (5-Year Plan) 8 Bayshore South Improvements 9 Thomasson Drive Corridor Study 10 Signage · Gateways -- Statement Signs . Community Directional Signage Master Plan