The Community Development Authority presented its activities to the City Council, including creating tax increment districts and redevelopment areas to facilitate partnerships and redevelopment. Recent projects included removing blighted apartments and developing senior housing. The CDA is pursuing redevelopment along North Monona Drive and Broadway to boost investment. It seeks a long-term funding source like fees from tax increment financing districts to continue plans for housing, jobs, and tax base growth with limited city expenditures. The proposed East Broadway TID would provide $4 million over 27 years to support the CDA's work facilitating the city's goals.

1. City of MononaCommunity Development Authority Presentation to the City Council April 19, 2010

2. Role & Powers of the Community Development Authority Prepare Redevelopment Plans Prepare Tax Increment District Plans Facilitate public/private partnerships Enter into contracts Acquire and dispose of property Prepare property for redevelopment Temporarily operate and maintain property Borrow money (debt is not deemed debt of municipality) Many actions require approval of City Council

3. Recent Activities Tax Increment District (TID) #5 & Redevelopment Area (RA) #5 creation in the Owen Road area Facilitation of Garden Circle Redevelopment TID # 6 & RA #6 planning (east Broadway) RA #7 planning (north Monona Drive) RA #8 & TID planning (west Broadway) Housing stock improvement program

4. Owen Road Redevelopment Created November 2007 Request for Proposals to redevelop Garden Circle Selection of developer (MSP) for Garden Circle redevelopment

5. Owen Road Redevelopment Negotiation of developer’s agreement with MSP for Garden Circle redevelopment. Garden Circle project: successfully removed 8 blighted apartment buildings that were a drain on City resources Developer selected for redevelopment has provided a high-quality project that is an asset for the community

6. Garden Circle: Previous Conditions

7. Garden Circle Redevelopment: Heritage Monona Senior Housing

8. Garden Circle Redevelopment: Heritage Monona Senior Housing

9. Garden Circle Redevelopment: Heritage Monona Senior Housing

10. North Monona Drive Redevelopment Dean Avenue to Winnequah Road Commercial revitalization for areas that have seen little reinvestment Commercial land and improvement value growth in this area severely lag behind the City average over the last 25 years Focus on “Targeted Redevelopment Areas”

11. North Monona Drive Citywide increase in commercial land assessment 1985 -2007: 171% Areas 1&2: 61% Citywide increase in commercial improvement assessment 1985-2007: 223% Areas 1&2: 87%

12. North Monona Drive: Existing Conditions

13. North Monona Drive Citywide increase in commercial land assessment 1985 -2007: 171% Site: 45% Citywide increase in commercial improvement assessment 1985-2007: 223% Site: 9%

14. North Monona Drive: Existing Conditions

15. West Broadway Redevelopment Area

16. West Broadway: Existing Conditions

17. West Broadway Redevelopment Area CDA created RA #8 boundary per City Council recommendation RA #8 created to: Facilitate redevelopment of old mobile home site Facilitate development of vacant sites along Broadway Potential TID creation to further assist in redevelopment

18. CDA Activities CDA has been active in pursuing redevelopment opportunities consistent with City land use and economic development plans CDA has continuing projects: North Monona Drive East Broadway West Broadway Implement housing plan recommendations by creating a housing improvement program

19. Benefits of CDA Activities Redevelopment of blighted and environmentally contaminated sites New jobs in Monona Growth of commercial tax base Housing improvement program opportunities Concrete results with limited general fund expenditures

20. CDA Funding CDA looking to further assist City in achieving planned objectives CDA needs stable, assured, long-term source of funding to see projects through and continue to drive private sector reinvestment Any source of funding should not be funded by general levy Potential funding source: Fees from TIF districts for planning, redevelopment and administration services

21. East Broadway Redevelopment Working on TID #6 & RA #6 Plan UW Health in discussions for new clinic on Fritz site Menards expansion Other potential redevelopment sites in area

22. East Broadway Redevelopment: Existing Conditions

23. Proposed East Broadway TID Budget Infrastructure: $1 million Development incentives: $6.5 million Professional services/discretionary payments: $600,000 Administration: $4.1 million Includes $4 million for CDA; $148,000 per year over 27-year maximum TID lifespan

24. Proposed East Broadway TID Budget Budgeting money for CDA in TID #6 creates opportunity for ongoing revenue source for CDA CDA partners with City to provide planning, redevelopment, and administration services City retains fiscal control through annual approval of CDA budget

25. East Broadway TID Timeline April 27: public hearing at CDA meeting May 17: Council consideration of final reading of resolution to create TID #6 Late May: Joint Review Board consideration of TID creation

26. Conculsion TID #6 provides City with a mechanism for long-term CDA funding with limited impact on general fund CDA looking to continue carrying out City’s land use, economic development, and housing goals City retains control by approving yearly CDA budgets