HomeMy WebLinkAboutITEM II-A-1
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~ .AGENDA BILL APPROVAL FORM
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WASHINGTON
Agenda Subject: Date:
Public Hearin - Local Revitalization Financin Jul 15, 2009
Department: Attachments: Budget Impact:
Finance Notice of Hearin
Administrative Recommendation:
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City Council conduct a public hearing to receive public comments on designating a revitalization area for '
Local Revitalization Financing. '
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Background Summary:
F6.16
Reviewed by Council & Committees: Reviewed by Departments & Divisions:
❑ Arts Commission COUNCIL COMMITTEES: ❑ Building ❑ M&O
❑ Airport ❑ Finance ❑ Cemetery ❑ Mayor
❑ Hearing Examiner ❑ Municipal Serv. 0 Finance ❑ Parks
❑ Human Services ❑Planning & CD ❑ Fire ❑ Planning
❑ Park Board ❑Public Works ❑ Legal ❑ Police
❑ Planning Comm. ❑ Other ❑ Public Works ❑ Human Resources
❑ Information Services
Action:
Committee Approval: ❑Yes ❑No
Council Approval: ❑Yes ❑No Call for Public Hearing
Referred to Until / /
Tabled Until
Councilmember: Backus Staff: Coleman
Meetin Date: Jul 20, 2009 Item Number: II.A.1
ALTB►UR.N *MaRE THAN You IMa~INED
*
CITY OF
Lewis, Mayor
AliBURN Peter B.
* WASHINGTON 25 West Main Street * Aubum WA 98001-4998 * www.auburnwa.gov * 253-931-3000
CITY OF AUBURN '
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that a public hearing wili be held before the Auburn City Council at
7:30 p.m., Monday, July 20, 2009, in the City Hall Council Chambers located at 25 West Main
Street, Auburn, Washington, on the creation of the Auburn Revitalization Area. The purpose of
the Auburn Revitalization Area is to secure the financial means for making key infrastructure
improvements in downtown Auburn in the vicinity of the Downtown Transit Center. The Auburn
Revitalization Area is depicted in the map below and its boundaries are generally co-located
with the Downtown Urban Center boundaries adopted in the City's Comprehensive Plan.
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URBAN CENTER
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The project scope currently includes the reconstruction of three blocks of South Division Street,
including roadway pavement, crosswalks, sidewalks, street trees and tree grates, potted plants,
pedestrian and street lighting, City-owned fiber conduits, storm drainage improvements for
street drainage and aesthetic treatments at the intersections of 1gt Street and at Main Street all
in accordance with the City's Promenade Plan and the adopted Downtown Sidewalk Guidelines.
In addition, the project includes the relocation of City-owned sanitary sewer lines, upsizing of
City-owned water lines, and restoration of public improvements needed to accomplish these
improvements. Other improvements include the relocation and undergrounding of power
facilities from the alleyways to the public street right-of-way.
AUBURN* MORE THAN YOU IMAGINED
The total estimated project cost is $8 million. The City intends to fund the public improvements
by utilizing a$3 million Economic Development Administration grant and the balance of the
project cost through the issuance of general obligation debt. The debt will be repaid using local
revitalization funding, increases in local property, sales and use tax revenues from participating ,
local governments and taxing districts, increases in local property, sales and use tax revenues
from the City, applicable real estate taxes and general governmental revenues. The City
intends to issue general obligation bonds to finance the public improvements and to retire the
indebtedness in whole or in part from local revitalization financing it receives. The maximum
amount of indebtedness the City will incur is $6,650,000. '
The estimated time during which local property tax allocation revenue and other revenues from
local public sources are to be used for local revitalization financing is up to twenty-five years.
The date when the use of local property tax allocation revenues and other revenues from local
public sources for local revitalization financing will commence no earlier than July 1, 2010 and is
dependent on timing of other grant funding.
Any interested person is invited to appear and voice approval or disapproval of the proposed
Auburn Revitalization Area boundary.
Non-English speaking residents wishing to review documents pertaining to the request should
contact the City of Auburn City Clerk's Office at (253) 931-3039. Citizens with speech, sight or
hearing disabilities wishing to review documents should contact the City of Auburn 'within 10
calendar days prior to the Council meeting, as to the type of service or equipment needed.
Each request will be considered individually according to the type of request, the availability of
resources and the financial ability of the City to provide the requested services or equipment.
Written comments and/or suggestions may be sent to the Auburn City Clerk, 25 West Main
Street, Auburn, WA 98001-4998 or fax to (253)804-3116.
Publish in The Seattle Times July 2, 2009