PREPARED BY TREASURE COAST REGIONAL PLANNING COUNCIL
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1 PREPARED BY TREASURE COAST REGIONAL PLANNING COUNCIL OCTOBER 12, 2017
2 What is a Community Redevelopment Agency? Definition of a CRA: A dependent special district in which any future increases in property values are set aside to support economic development projects within that district.
3 Village of Palm Springs - CRA Priorities I. Improving Utilities and Infrastructure Deficiencies II. Expanding Job Development and Economic Growth III. Enhancing Public Safety IV. Increasing and Maintaining Workforce Housing V. Advancing the Partnership with Palm Beach County
4 Proposed Village of Palm Springs Congress Avenue CRA Sub-Area
5 Proposed Village of Palm Springs Lake Worth Road CRA Sub-Area
6 CRA Property Characteristics Lake Worth CRA Sub-Area: 286 acres (10.5%) Congress Ave CRA Sub-Area: 196 acres (7.2%) Village total: 2,703 acres Redevelopment Needs identified in URA Continue with Pattern of Underutilization Workforce Housing Throughout Village (approximately 96% of total housing stock) Access to Goods & Services Maintains Affordability
7 CRA Property Characteristics
8 Determining the Need for Redevelopment 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 Meeting one or more of the following factors: Inadequate provision for ventilation Over-crowding Conditions which endanger life or property
9 Determining the Need for Redevelopment Area includes 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: Defective/inadequate street layout, parking, public transportation No increase in property values Faulty lot layout Unsanitary or unsafe conditions Inadequate/outdated building density patterns Falling lease rates of office, commercial, industrial Tax/assessment delinquency Higher vacancy, emergency and crime rates Disproportionately high fire & EMS calls for service Disproportionately high Florida Building Code violations Diversity of ownership & title defects Government-owned property with adverse environmental conditions
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12 INDICATOR #1 Predominance of defective or inadequate street layout, parking facilities, roadways, bridges, or public transportation facilities ( (8)(a), F.S.) Congress Avenue CRA Sub-Area
13 INDICATOR #1 Predominance of defective or inadequate street layout, parking facilities, roadways, bridges, or public transportation facilities ( (8)(a), F.S.)
14 INDICATOR #1 Predominance of defective or inadequate street layout, parking facilities, roadways, bridges, or public transportation facilities ( (8)(a), F.S.) Lake Worth Road CRA Sub-Area
15 INDICATOR #1 Predominance of defective or inadequate street layout, parking facilities, roadways, bridges, or public transportation facilities ( (8)(a), F.S.)
16 INDICATOR #1 Predominance of defective or inadequate street layout, parking facilities, roadways, bridges, or public transportation facilities ( (8)(a), F.S.)
17 INDICATOR #2 Faulty lot layout in relation to size, adequacy, accessibility, or usefulness ( (8)(c), F.S.) Congress Avenue CRA Sub-Area
18 INDICATOR #2 Faulty lot layout in relation to size, adequacy, accessibility, or usefulness ( (8)(c), F.S.) Congress Avenue CRA Sub-Area
19 INDICATOR #2 Faulty lot layout in relation to size, adequacy, accessibility, or usefulness ( (8)(c), F.S.) Lake Worth Road CRA Sub-Area
20 INDICATOR #3 Inadequate and outdated building density patterns ( (8)(f), F.S.) Congress Avenue CRA Sub-Area
21 INDICATOR #3 Inadequate and outdated building density patterns ( (8)(f), F.S.) Lake Worth Road CRA Sub-Area
22 INDICATOR #3 Inadequate and outdated building density patterns ( (8)(f), F.S.) Lake Worth Road CRA Sub-Area
23 INDICATOR #4 Fire and emergency medical service calls to the area proportionately higher than in the remainder of the county or municipality ( (8)(k), F.S.)
24 INDICATOR #5 Diversity of ownership or defective or unusual conditions of title which prevent the free alienability of land within the deteriorated or hazardous area ( (8)(m), F.S.)
25 INDICATOR #5 Diversity of ownership or defective or unusual conditions of title which prevent the free alienability of land within the deteriorated or hazardous area ( (8)(m), F.S.) Congress Avenue CRA Sub-Area
26 INDICATOR #5 Diversity of ownership or defective or unusual conditions of title which prevent the free alienability of land within the deteriorated or hazardous area ( (8)(m), F.S.)
27 INDICATOR #5 Diversity of ownership or defective or unusual conditions of title which prevent the free alienability of land within the deteriorated or hazardous area ( (8)(m), F.S.) Lake Worth Road CRA Sub-Area
28 ADDITIONAL INDICATIONS OF BLIGHT Falling lease rates per square foot of office and commercial space compared to the remainder of the municipality ( (8)(g), F.S.) Commercial vacancy rates higher than in the remainder of the municipality ( (8)(i), F.S.) Code enforcement issues and increased crime ( (8)(j), F.S.)
29 Lake Worth Road CRA Sub-Area Congress Avenue CRA Sub-Area
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32 Recommendation The Village of Palm Springs should adopt the Findings of Necessity by resolution in accordance with the provisions set forth in Chapter 163, Part III, F.S., and proceed with the establishment of a Community Redevelopment Agency (CRA), in partnership with Palm Beach County, including the Congress Avenue CRA Sub-Area and Lake Worth Road CRA Sub-Area, and a tax increment financing mechanism as allowed under Florida Law. The CRA will assist the Village in accomplishing five key goals: I. Improving Utilities and Infrastructure Deficiencies II. Expanding Job Development and Economic Growth III.Enhancing Public Safety IV.Increasing and Maintaining Workforce Housing V. Advancing the Partnership with Palm Beach County
33 KIM DELANEY, DIRECTOR OF STRATEGIC DEVELOPMENT & POLICY TREASURE COAST REGIONAL PLANNING COUNCIL (772)
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