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What is the process for establishing an urban renewal area and advancing and urban renewal plan?

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What is the process for establishing an urban renewal area and advancing and urban renewal plan?

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Generally 1 Determine Project Planning Area Boundaries; 2 Verify Presence and Location of Blighting Conditions; 3 Prepare Conditions Survey *; 4 Present Conditions Survey Findings to Urban Renewal Entity and Council for Acceptance; 5 Identify Market Opportunities Within Area and Quantify Timing; 6 Together with Stakeholders Define Future Role of Area in Community; 7 Prepare Urban Renewal Plan; 8 Complete Financial Analysis (Tax Increment Finance TIF); 9 Complete Impact Analysis (as per legislation) and Share With All Impacted Taxing Bodies; 10 Present Urban Renewal Plan to Urban Renewal Entity and Council for Adoption; 11 Issue Request for Projects; 12 Implement Plan * Based on conditions survey findings, modify boundaries for urban renewal area, if necessary. Source: Leland Consulting Group, 303.458.5800, www.lelandconsulting.

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