Agenda Item # 12.k.
City Commission Regular Meeting - 4:30 pm
- Meeting Date:
- 03/15/2021
- Re
- Impact Fee Moratorium Extension
- Submitted For:
- Shyanne Harnage
SUBJECT:
Legislative Hearing - Ordinance 21-010 - Impact Fee Moratorium within Urban Infill and Redevelopment Area. FIRST READING.
SUMMARY:
The proposed ordinance will extend the moratorium on the imposition and collection of City impact fees within the Fort Pierce Redevelopment Area for a period of 12 months. The concept of this moratorium was presented to the Fort Pierce Redevelopment Board on July 15, 2019 as part of the city’s overall economic development strategy, and subsequently adopted by the City Commission via Ordinance 20-007 on March 16, 2020.
Urban infill and redevelopment projects are intended to improve existing neighborhoods and encourage investment within these areas. Unfortunately, there has been limited new construction in the FPRA boundaries over the past several years. The intent of this moratorium is to assist businesses in the Fort Pierce Redevelopment Agency boundaries reduce their startup costs and to contribute to the sense of vitality that occurs when buildings are occupied. It is our hope that this moratorium will encourage and entice development within the FPRA boundaries. Since infill locations are within the urban core of our community, typically they already have much of the needed infrastructure. Unless extraordinary capital improvements are required, infrastructure costs can be substantially lower for infill development relative to a similar project in an undeveloped area.
Urban infill and redevelopment projects are intended to improve existing neighborhoods and encourage investment within these areas. Unfortunately, there has been limited new construction in the FPRA boundaries over the past several years. The intent of this moratorium is to assist businesses in the Fort Pierce Redevelopment Agency boundaries reduce their startup costs and to contribute to the sense of vitality that occurs when buildings are occupied. It is our hope that this moratorium will encourage and entice development within the FPRA boundaries. Since infill locations are within the urban core of our community, typically they already have much of the needed infrastructure. Unless extraordinary capital improvements are required, infrastructure costs can be substantially lower for infill development relative to a similar project in an undeveloped area.
RECOMMENDATION:
Staff recommendas approval of Ordinance 21-010.
ALTERNATIVES:
Staff will proceed as directed by the City Commission.
RESPONSIBLE STAFF:
Shyanne Harnage, Economic Development Manager
COORDINATED WITH:
Nicholas C. Mimms, City Manager
Peter J. Sweeney, City Attorney
Linda W. Cox, City Clerk
Planning Department
Peter J. Sweeney, City Attorney
Linda W. Cox, City Clerk
Planning Department
Fiscal Impact
OTHER INFORMATION:
n/a
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| City Manager | Nick Mimms | 03/04/2021 05:35 PM |
| City Manager | Nick Mimms | 03/09/2021 11:51 AM |
- Form Started By:
- Shyanne Harnage
- Started On:
- 01/26/2021 03:09 PM
- Final Approval Date:
- 03/09/2021