Amador County - The Jackson City Council on Monday reviewed a report on the feasibility of adopting a redevelopment area, but opted against the project until the local investment climate improves to the point where there is strong demand for future development. According to a memo from representatives of Fraser & Associates and Urban Futures, Inc., the two companies hired by the city to create the analysis, the feasibility of creating such a project was based on whether there is sufficient blight within the study area of the City according to the basic definitions of blighting conditions laid out in California Community Redevelopment Law. “A study area was identified following a block-by-block field survey of older commercial, industrial and residential areas in the City,” said the memo. In their report, the two redevelopment and planning companies determined redevelopment project feasibility based upon a “five-part test.” This determination takes into account whether an area is urbanized, whether it has “prevalent physical and economic blight,” whether that blight causes “ a lack of proper utilization of the area,” whether that improper utilization burdens the community, and whether the burden cannot be reversed by private enterprises or the City acting alone without the help of a redevelopment agency. A financial analysis was then “undertaken to determine whether the area could generate enough tax increment to fund in whole or part a successful redevelopment program.” The companies determined that a “redevelopment project area would have only limited resources and growth potential at the present time.” Project consultants from both companies were in attendance and recommended delaying formation of the project until the local investment climate improves. The council unanimously chose to follow the recommendation of both the consultants and City Manager Mike Daly to defer approval. Story by Alex Lane This email address is being protected from spambots. You need JavaScript enabled to view it.-
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Amador County - The Jackson City Council on Monday reviewed a report on the feasibility of adopting a redevelopment area, but opted against the project until the local investment climate improves to the point where there is strong demand for future development. According to a memo from representatives of Fraser & Associates and Urban Futures, Inc., the two companies hired by the city to create the analysis, the feasibility of creating such a project was based on whether there is sufficient blight within the study area of the City according to the basic definitions of blighting conditions laid out in California Community Redevelopment Law. “A study area was identified following a block-by-block field survey of older commercial, industrial and residential areas in the City,” said the memo. In their report, the two redevelopment and planning companies determined redevelopment project feasibility based upon a “five-part test.” This determination takes into account whether an area is urbanized, whether it has “prevalent physical and economic blight,” whether that blight causes “ a lack of proper utilization of the area,” whether that improper utilization burdens the community, and whether the burden cannot be reversed by private enterprises or the City acting alone without the help of a redevelopment agency. A financial analysis was then “undertaken to determine whether the area could generate enough tax increment to fund in whole or part a successful redevelopment program.” The companies determined that a “redevelopment project area would have only limited resources and growth potential at the present time.” Project consultants from both companies were in attendance and recommended delaying formation of the project until the local investment climate improves. The council unanimously chose to follow the recommendation of both the consultants and City Manager Mike Daly to defer approval. Story by Alex Lane This email address is being protected from spambots. You need JavaScript enabled to view it.
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