REDEVELOPMENT

1. REDEVELOPMENT Building Better Communities.

2. Provided by the Volusia County CRA Provided by the Hollywood Beach CRA REDEVELOPMENT • Def. — publicly-financed rebuilding of an urban, residential or commercial area revitalization preservation Our community

3. REDEVELOPMENT ACTIVISTS • Improve the quality of life and economy for a community • Unite communities • Include: • Community Redevelopment Agencies (CRA) • Downtown Development Authorities (DDA) • Downtown Improvement Authorities (DIA) • Main Street Programs • Developers • Etc.

4. REDEVELOPMENT HISTORY • Community Redevelopment Act • Approved by the Florida Legislature in 1969 (Chapter 163, Part III) • Assists local governments in eliminating and preventing slum and/or blighted conditions • Allows local governments to create Community Redevelopment Areas and Community Redevelopment Agencies • Community Redevelopment Agency (CRA): public agency designed to foster redevelopment and reinvestment and concentrate on target areas

5. IDENTIFYING A NEED • “Finding of Necessity” • Required in order to create a CRA • Must designate an area with slum or blighted conditions which call for rehabilitation, preservation or redevelopment of the area.

6. IDENTIFYING A NEED • Slum • Physical or economic conditions conducive to dangerous and unhealthy conditions • Exhibiting a predominance of buildings or improvements which are impaired by reason of dilapidation, deterioration, age or obsolescence

7. IDENTIFYING A NEED • Slum (cont.) • Meeting one or more of the following factors: • Inadequate provision for ventilation • Over-crowding • Conditions which endanger life or property

8. IDENTIFYING A NEED • Blight • Area including a substantial number of deteriorated and deteriorating structures leading to economic distress or the endangerment of life or property • Meeting two or more of the following factors: • No increase/decrease in property value • Faulty lot layout • Inadequate street layout

9. IDENTIFYING A NEED • Blight • Factors (cont.): • Unsanitary or unsafe conditions • Deterioration • Outdated density patterns • Tax or special assessment delinquency exceeding the fair value of the land • Higher vacancy, emergency and crime rates • Florida Building Code violations • Conditions impairing development • Government-owned property with adverse environmental conditions

10. EMINENT DOMAIN • HB #1567 “restricting certain transfers of property taken by eminent domain to certain natural persons or private entities” • Signed into law by Gov. Jeb Bush on May 11, 2006 • Tool formerly used in redevelopment efforts • Redevelopment continues

11. TAX INCREMENT FINANCING (TIF) • Funding mechanism used to provide financial means for redevelopment with a CRA • Redistribution of tax revenues generated from the target CRA • Redevelopment Trust Fund: • “Frozen” property tax base • Holds tax revenues due to an increase in value in excess of the base year • Goal: Increase property values

12. TAX INCREMENT FINANCING (TIF) Property “A” 2005 $15,000 value 2000 Base Year $10,000 value City and County Receive $11.12 City and County Receive $11.12 Redevelopment Trust Fund Receives $5.60

13. CREATING A PLAN • CRA responsible for creating and implementing Community Redevelopment Plan • Addresses unique needs of area, based on the “Finding of Necessity” • Blueprint for redevelopment and reinvestment within the CRA • May be updated to meet changing needs • Unlimited opportunities for improvement

14. [YOUR CRA/COUNTY] REDEVELOPMENT • Formed in [YEAR] • [Insert your CRA’s mission statement] • Goals for improvements: • [1] • [2] • [ETC.]

15. [YOUR CRA/COUNTY] REDEVELOPMENT • From vision to reality

16. PROJECTS • [Success Story #1] • [Describe the project and identify why it was a success (e.g., created 130 affordable housing units).]

17. PROJECTS • [Success Story #2] • [Describe the project and identify why it was a success.]

18. PROJECTS • [Success Story #3] • [Describe the project and identify why it was a success.]

19. COMMUNITY INVOLVEMENT • [Special Event #1] • [Describe the event your CRA hosted/sponsored and identify why it was a success (e.g., Food and Wine Tasting with Downtown businesses—300 attendees).]

20. COMMUNITY INVOLVEMENT • [Special Event #2] • [Describe the event your CRA hosted/sponsored and identify why it was a success.]

21. OBSTACLES FOR REDEVELOPMENT • Important to local communities and economies, but benefits are not well understood. • Local programs hindered in redevelopment efforts • Lack of community support for local initiatives • Difficulty in garnering local elected-official support

22. Provided by the Gainesville CRA BENEFITS OF REDEVELOPMENT • Provides funding for revitalization of rundown urban areas • Encourages private-sector investment • Provides affordable housing • Provides incentives to revive downtown

23. Cleans-up contaminated properties and reduces crime • Brings culture and pride to the community Provided by the Hollywood Beach CRA • Preserves identity of community • Brings people back to downtown Provided by Inverness CRA BENEFITS OF REDEVELOPMENT

24. COMMUNITY SUPPORT • Community involvement and support are integral to the success of local redevelopment efforts. • Contact the [CRA Name] • Visit: [Insert your address here] • Call: [Insert your phone number here] • Online: [Insert your website and/or e-mail address here]