On the agenda

1. 1Call to Order - Roll Call▶ 0:00
2. 2

   CRA Plan Update Presentation by Kimley-Horn and Associates, Inc.

   discussed

   Keith Grimminger of Kimley-Horn presented a progress update on the CRA Plan update contracted in March 2017, walking through community engagement findings (roundtables, two preference surveys), demographic and housing comparisons between New Port Richey and Pasco County prepared by Ken Creveling of Urbanomics, and identified successes since the 2012 plan. The board discussed and questioned the data but took no action; further presentation and a draft plan are expected.

   🏢Kimley-Horn and Associates, Inc.🏢Urban Land Institute🏢Urbanomics👤Keith Grimminger👤Ken Creveling👤Tammy Verana#2012 CRA Plan#2015 Residential Market Analysis#ALICE (Asset Limited Income Constrained Employed)#CRA Plan Update#Citywide Parks Master Plan#Downtown Parking Utilization Study#Great Preserve#Main Street#Orange Lake Monument Trail#Recreation Aquatic Center#Retail Market Analysis#Sims Park redevelopment#ULI Technical Assistance Program#US 19 Corridor

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   [00:00:17] I will. [00:00:19] We have Mr. Keith Grimminger in attendance [00:00:26] from Kimley Horner Associates. [00:00:28] That is the firm that we contracted with in March of 2017 [00:00:36] in order to update the CRA plan. [00:00:39] And we thought it was a good time to bring him in [00:00:43] and allow him to update us on where he is in that respect. [00:00:48] And we're going to turn it over to you, Keith. [00:00:55] Good evening again. [00:00:55] Keith Grimminger with Kimley Horner. [00:00:58] I also have with me Ken Crevlin with Urbanomics. [00:01:02] Ken has been on our team helping us with the market feasibility. [00:01:06] And also another team member is Tammy Verana, [00:01:10] who helped us with our public engagement. [00:01:12] Tammy couldn't make it here tonight, [00:01:13] so we will walk through her piece as well. [00:01:18] So as we look, and make sure I do this in the right direction, [00:01:22] pull up the PowerPoint. [00:01:24] And what we're offering you tonight [00:01:25] is really just a presentation of the CRA report, [00:01:31] how it will be kind of structured. [00:01:32] This is very brief. [00:01:34] The CRA update will be more lengthy, a lot more narrative [00:01:41] and images. [00:01:43] But what I wanted to do is walk you [00:01:45] through where we're at, what we've done, [00:01:47] and where we'll be headed in the near term here to bring this. [00:01:51] So again, the team members, I mentioned them in our team. [00:01:56] So it's basically myself. [00:01:58] And then we have some Kimley Horner staff, Mr. Crevlin, [00:02:03] and Ms. Verana also is part of our team. [00:02:06] One of the things that we had mentioned when we got into this [00:02:09] is that in 2012, your previous CRA update [00:02:13] was a very good document. [00:02:14] It was a good product. [00:02:16] So as we'd mentioned, we weren't going [00:02:18] to throw the baby out with the bathwater. [00:02:19] We were going to work from that. [00:02:21] The idea was to validate, update, and put together [00:02:25] an implementation plan. [00:02:28] So in looking at that, and maybe sometimes since you all [00:02:31] had seen that, but it was basically [00:02:33] a seven-chapter document. [00:02:36] The various chapters were getting [00:02:38] into the history of the community, some [00:02:41] of the existing conditions that took place in 2010, [00:02:44] 2011 prior to that update, some of the CRA-wide issues. [00:02:50] New Port Richey is unique in the standpoint [00:02:52] that its CRA and its city are one and the same. [00:02:55] The CRA-wide issues, plan elements [00:02:59] that were important to that, the redevelopment programs [00:03:02] and activities, and local and outside funding options. [00:03:07] And all that then was held into a document of the appendix. [00:03:11] One of the things we also want to do [00:03:13] is touch on the successes that have happened since 2012. [00:03:18] The redevelopment of Sims Park, the Orange Lake Monument Trail. [00:03:23] A lot of good work has been done here. [00:03:25] A downtown parking utilization study. [00:03:28] This is good information to have and understand [00:03:31] as we move forward. [00:03:33] The Recreation Aquatic Center just [00:03:35] had its opening last Saturday. [00:03:37] A good investment there, which will attract to the community. [00:03:41] The Citywide Parks Master Plan and understanding [00:03:44] your recreation facilities here and how [00:03:46] they come into play in the quality of life [00:03:48] of the community. [00:03:50] The Great Preserve and what could happen with there. [00:03:53] Some of the grants that are being implemented [00:03:55] and expanding the opportunities that exist at Great Preserve. [00:04:00] The retail market analysis that was done. [00:04:02] Good information on where the market is for the retail [00:04:06] centers and how that would come into play. [00:04:09] And then also a residential market that was done in 2015. [00:04:14] We understand, too, and we'll talk about that a little later, [00:04:16] that the Urban Land Institute is coming in and doing [00:04:20] a technical assistance project program. [00:04:23] That they will look at the housing overall [00:04:26] and report back, I believe, on Thursday evening. [00:04:30] So as we began this, one of the things [00:04:34] that we really look forward to is the community engagement. [00:04:37] I know many of you participated early on. [00:04:41] In August, we had a roundtable discussion [00:04:45] with various groups. [00:04:48] A day-long session that incorporates [00:04:51] several of the groups there on the right-hand side. [00:04:54] Various elected officials, business organizations, [00:04:58] arts and cultural, the public schools, Pasco County [00:05:01] government, various department heads. [00:05:03] And each group was about an hour long. [00:05:05] Seven different stakeholders. [00:05:08] In total, we had about 50 participants. [00:05:11] There was much open discussion. [00:05:13] And then we also had some questionnaires [00:05:14] about things we must have from these organizations [00:05:19] and things we must avoid. [00:05:20] So we documented all of that. [00:05:23] What we heard at the roundtables were [00:05:26] that New Port Richey has many assets and advantages. [00:05:29] And I think we're all aware of that. [00:05:31] And that although downtown is unique [00:05:34] and it's a driver of the city revitalization, [00:05:37] there also has to be strategies beyond downtown [00:05:40] and how that comes into play. [00:05:43] A broader variety of housing. [00:05:45] And that's, again, how the ULI, the Urban Land Institute, [00:05:48] will help us better understand that. [00:05:50] We've got to raise the bar on our neighborhoods [00:05:53] and how that can come into play. [00:05:56] The poverty and social-related problems are real challenges. [00:06:02] Again, the CRA doesn't really deal with those social issues, [00:06:06] but it was recognized that that was one of the things [00:06:08] that we heard during those roundtables. [00:06:12] Innovation of properties that could help add value [00:06:17] to the tax base. [00:06:19] And one of the things that we thought was very strong [00:06:21] is the branding and the telling of the New Port Richey story. [00:06:25] We believe, in some ways, it's one of the best-kept secrets [00:06:29] on the West Coast of Florida. [00:06:31] And how do we bring that to life [00:06:33] to offer it to a wider contingent? [00:06:38] We also did two preference surveys. [00:06:42] They were targeted audiences. [00:06:43] We talked not only to the community at large, [00:06:47] but also employers and employees. [00:06:50] Basically, it's to supplement information [00:06:53] from the previous meetings that we had [00:06:55] from the stakeholders. [00:06:58] There was availability that you could go on the survey [00:07:01] through a variety of electronic [00:07:02] and social media tools to access it. [00:07:05] And we reached out also, as well, [00:07:06] through the utility bills and such. [00:07:11] We did this from August and September [00:07:14] for the community-wide, and then again in January, [00:07:18] at the beginning of the year, [00:07:19] with the major employer response. [00:07:22] The things we got back from the community-wide is, [00:07:26] and none of these aren't necessarily listed [00:07:28] in priorities or order, [00:07:29] but things that we had heard. [00:07:31] The very important to living here [00:07:32] is the quality of the neighborhoods. [00:07:35] That's important to people. [00:07:36] The economic well-being, the quality of life, [00:07:40] sense of the community. [00:07:41] I think New Port Richey can be commented and commended for. [00:07:45] It is a, there is a good sense of community here. [00:07:49] I see it quite often in the events [00:07:51] that I'm able to participate here with the community. [00:07:53] You see people turn out, people are supportive. [00:07:57] There's a lot of good things going on in this community. [00:08:00] Good schools, quality of schools was something [00:08:03] that needed to be, that's under discussion. [00:08:06] There's some concerns there, [00:08:08] as we met with the school board and talked about them. [00:08:11] Mobility and streets, the ability to get around [00:08:14] in the community are important. [00:08:17] The cultural and social opportunities. [00:08:20] Park and recreation was a very highlighted aspect of this. [00:08:24] Great natural resources here. [00:08:26] Well-preserved, the river, great preserve. [00:08:31] All those things are real assets that, beyond the beaches. [00:08:36] Those are great opportunities that we see [00:08:38] as something to work towards. [00:08:41] And then the downtown, I mean, [00:08:45] downtown has a core that can be knitted back together. [00:08:50] It has a very strong presence. [00:08:52] It's similar to other communities in and around [00:08:56] the west coast of Florida. [00:08:57] It's something to be proud of, and we believe, [00:08:59] and we see life coming back to the downtown [00:09:03] and Main Street, and continue to work on that. [00:09:07] Of concern, city appearance. [00:09:10] Beyond some of the major corridors, [00:09:12] outside of the river's edges and Main Street and such, [00:09:16] the appearance of the city has some concern. [00:09:20] Public safety is always an issue within the community. [00:09:24] And good jobs, the ability to find a good job [00:09:27] within the area is important. [00:09:30] And again, we talked about the schools. [00:09:32] From a transportation priority standpoint, [00:09:36] the road and the street conditions are one that, [00:09:38] again, maintaining those and taking good care of those. [00:09:42] Streets went beyond just the asphalt [00:09:44] and the automobile pavement, but also the sidewalks, [00:09:47] the landscaping, how do we continue to improve upon those [00:09:51] to create this walking infrastructure that was identified, [00:09:54] as well as a biking infrastructure? [00:09:56] So having a variety of different modes of transportation [00:10:00] is important to the community. [00:10:03] Then when we did our employer, employee survey, [00:10:08] a little structured a little bit differently, [00:10:10] but the results of this is, you know, [00:10:13] how many have a greater than 30 minute commute? [00:10:17] You know, 21%, 17 of that 21% said it was too long. [00:10:25] 55% to live and work in that same community, [00:10:27] so that's good, we want to continue to retain [00:10:30] our residence space here and provide them good jobs. [00:10:34] 90% prefer a single family detached home. [00:10:39] And of that, 63% said they need three bedrooms or more. [00:10:43] This is where we're going to find out [00:10:44] we're a little bit lacking in the New Port Richey area. [00:10:50] 88% affordable housing is very important, [00:10:54] and so what does affordable housing mean? [00:10:57] It's less than $1,000 per month [00:11:00] of half of those that were surveyed. [00:11:03] So that's what people are looking for. [00:11:05] So that's a little tough to accommodate. [00:11:08] This is what people are asking for, [00:11:10] but not necessarily what can be attained. [00:11:13] Three bedroom detached home with $1,000 a month. [00:11:19] Well, exactly. [00:11:20] So this is what they're asking for, what they heard, [00:11:23] not necessarily what is reality. [00:11:27] And then 21% were likely to consider a home in the city. [00:11:32] So very acceptable in the rankings [00:11:36] of how would you describe your city. [00:11:38] Got a very high rating. [00:11:40] Very acceptable within the survey. [00:11:44] So one of the takeaways is how do people get around? [00:11:48] It's almost an equal match between vehicular and pedestrian. [00:11:53] About 66% of both of those groups choose to use that. [00:11:58] And then how would they prefer to get around? [00:12:01] I mean, there was also a pretty equal match [00:12:03] between bike and golf carts. [00:12:06] I don't know if there's that many golf carts [00:12:07] in the community here, [00:12:08] but obviously there are several [00:12:10] that want to have that as an option. [00:12:14] So with that, I'll let Ken dive into some of the economics [00:12:18] that we went through, and he can highlight his findings. [00:12:22] All right, Keith, what do I push here? [00:12:25] The button on the right-hand side. [00:12:27] Okay, that advances it. [00:12:29] Yes. [00:12:30] Good evening. [00:12:32] Ken Creveling, Urbanomics, an economic consulting firm [00:12:35] that has been responsible for the market [00:12:38] and financial analysis on the project. [00:12:41] I'd like to, let's see, where are we? [00:12:44] On the right, this is. [00:12:47] The first two slides that I'd like to go through with you [00:12:50] are some indicators, both economic and housing indicators, [00:12:54] that show essentially how New Port Richey stacks up [00:12:58] to what surrounds it. [00:13:00] And in this case, what surrounds it is Pasco County. [00:13:03] So I'd like to just mention some comparisons, [00:13:06] and not to be discouraging, but just be factual [00:13:09] and explain what they all mean. [00:13:12] You can see that you have a median household income [00:13:17] in the city that's about 2 3rds of what it is in the county. [00:13:22] Now, what does this mean? [00:13:23] It means that people that live here can't afford [00:13:27] the maybe as much rent as they can [00:13:31] in the bulk of the county. [00:13:33] They can't afford the price of homes [00:13:36] that they may be able to in other parts of the county. [00:13:40] They can't spend as much, obviously. [00:13:43] They can't eat out as much. [00:13:44] They can't buy as many retail goods [00:13:46] as other residents of the county. [00:13:50] So that's something that the city needs to be aware of, [00:13:56] and how can the city accommodate residents [00:14:02] that may be more affluent over time [00:14:06] so that they can begin to build the tax base [00:14:09] and the retail base, and so on. [00:14:13] Poverty rate in the city is about 1 3rd, [00:14:17] again, higher than the county. [00:14:20] And we hear that when we talk to representatives [00:14:23] of the school board and the popular... [00:14:27] Which way your numbers go, it could be half or more, [00:14:30] or if you go 1 3rd, the other way. [00:14:32] It's 1 3rd, well, in this case, it would be 1 3rd higher. [00:14:36] If it's half, you go the other way. [00:14:37] Yeah, sorry about that. [00:14:38] I'm just saying. [00:14:39] Poverty rate in the city is about 1 3rd higher [00:14:42] than it is in the county, and it's interesting. [00:14:46] If I could ask, what defines that poverty rate? [00:14:49] What is the qualifier? [00:14:50] Well, the census has, the federal government, [00:14:53] OMB, has a definition of poverty rate, [00:14:56] and it's fairly... [00:15:00] complicated. It's how the income you have related to the median income of the area in [00:15:07] which you live, essentially. And if it's below a certain level, then they consider that, [00:15:14] you know, as a level of poverty, which makes it very difficult for you to, you know, live [00:15:21] and pay bills and so forth. Now, when we looked at the statistical data that the school board [00:15:30] provides, the school districts for schools that serve the New Port Richey area, and this [00:15:37] is just not New Port Richey, it's a larger area of the western part of the county. We [00:15:43] find that it was interesting to me that a fairly high percentage of the residents are [00:15:55] defined as minority and also defined as economically disadvantaged. In fact, something like 80 [00:16:02] or 90 percent. I don't know how they define these particular things, but they do. These [00:16:07] are school board indicators. In fact, we'll provide those to you. I just dug them out [00:16:14] the other day and found that rather startling, that the percentages are as high as they are. [00:16:21] Now everything is not bad. Look at the economic indicator of per capita retail sales. Well, [00:16:29] you know, you have a lot of commercial activity along US 19, to be sure, and relative to a [00:16:35] small population base in the city of a little more than 16,000. You have $30,000, this is [00:16:45] 2012 data, per capita retail sales per resident of the city, which is a high number. I mean, [00:16:55] that's something that the city can market. Look, we enjoy a high level of retail sales [00:17:02] in the city compared to the county, which is 11,000 per capita. So some of these things [00:17:11] have different ways that you can interpret what they mean and how they can be marketed [00:17:17] effectively for you. [00:17:18] How often is that data, that retail capita data, how often is that updated? [00:17:25] The census does the economic census every five years. The last time they did it was [00:17:30] 2012, and they'll do it in 2017, but the data probably won't be available until like 2020. [00:17:40] That's how they work. [00:17:41] I mean, to be honest with you, that particular category today, with the growth of what's [00:17:48] happening in the county now, I can only imagine that that 11-21 is going to be quite a bit [00:17:57] more robust, only because in the last five or six years, all the stuff that's happened [00:18:05] out in Wesley Chapel, on I-75, on 54, in Trinity. So to me, utilizing a 2012 number and a 2017 [00:18:18] or 2018 report, I understand it's a line item, but to me, it's just a flyover number [00:18:28] right now, as far as I'm concerned. [00:18:30] Well, there's some proportionality there, too. The county, for sure, has grown and retail [00:18:34] sales countywide have grown, but the proportions may be in the ballpark. We won't know until [00:18:43] the 2017 data come out, but this is what we have, and to the extent that it's available [00:18:49] and it shows something positive on behalf of the city, it's something that could be [00:18:55] a marketable indicator. [00:19:01] The next is a series of housing indicators. It shows you where you stack up relative to [00:19:08] your surroundings, in this case, the county, and the first entry shows the median housing [00:19:14] value, which is the opinion of owners of housing, a lot of which is quite old, old housing stock. [00:19:22] Their opinion of value, based on a census survey sample, it's fairly current, 2016, [00:19:29] of what they think the value of their homes are, and these could include condominiums, [00:19:34] single family, whatever. Obviously, a different mix in the county, and these numbers reflect [00:19:41] the differences in mix, but it's still interesting to indicate that the, or know that the median [00:19:48] housing value is, again, a third lower than it is in the county, and this sort of correlates [00:19:53] with your median household income. There's a relationship there, that one does relate [00:19:59] to the other. It's interesting to note that, and I'll sort of characterize the housing [00:20:09] in New Port Richey, and the whole coastal strip, really, along 19 Corridor, as sort [00:20:15] of a resort retirement mix. Older stock, this part of the county has been here, been populated [00:20:23] for a number of years. It's becoming increasingly populated, but not nearly as much as the [00:20:28] central part of the county, and the southern part, toward the center, along 54, and so [00:20:34] on. But still, it's a, the housing styles, the housing is smaller, smaller units, more [00:20:43] emphasis on condos, and multifamily, and mobile homes, and so on, than you'll find in the [00:20:49] central part of the county, which are more family-oriented. And the statistics kind of [00:20:54] bear that out. For example, you'll see that in the city, nearly 56% of the housing stock [00:21:03] is mobile homes or multifamily, versus single-family, which is 44%. And homes of, this was a surprising [00:21:12] statistic to us, too. The homes with two bedrooms or less, the housing stock, represent [00:21:20] 76% of your housing stock. So, it's not family-oriented. It's really more seniors, empty nesters, retirees, [00:21:31] vacationers, and so on. The family housing is not a big factor, as big a factor here [00:21:37] as it is in the central parts of the county. So, that tells you things, too. How do you [00:21:44] orient your retail and office activities, medical facilities, and so on, to a, you know, [00:21:53] more of a senior population, or retirement population. I wouldn't agree. [00:22:00] That's not true. What actually happened in this area, most of this housing stock that [00:22:04] we have, was built in the 60s and 70s. It was built for retirees, two-bedroom, two-bath, [00:22:10] one-bedroom, two-bath, you know, garage, carport, something like that. But then as those people [00:22:15] died in the 80s, then they were bought by investors, and it became rentals. And that's, [00:22:23] you know, so now we have, you know, young families, pretty much, we call it ALICE here, [00:22:32] that Limit Income Constraint for Employed. We have them living in those houses as rentals. [00:22:37] And that's what's happened to this community. So, we're not really, you know, there's a [00:22:42] group of seniors here, without a doubt. That's all throughout Florida, but I don't think [00:22:46] it's a focus as much as it used to be. [00:22:49] Right, yeah. [00:22:50] If anything, it's young, the community's younger than it was, significantly. [00:22:55] I moved here in 83, the average age in this community was 55, and now you're telling me [00:23:00] it's... [00:23:02] Right, okay. That's a good point. Well, still, the housing stock, you know, is limited in [00:23:08] terms of size, and it can accommodate small families that may be economically disadvantaged, [00:23:15] too. And the rental component is indicated by the fact that 47% of your housing is renter-occupied [00:23:24] versus owner-occupied. [00:23:25] Just explain what happened there. [00:23:27] Yeah, so that's a major difference. [00:23:30] Sir, when you refer to homes with two bedrooms or less, does that include the multifamily [00:23:34] and mobile homes that are listed above that line? Or just single families? [00:23:38] If they're owner-occupied, right. [00:23:40] Sorry? [00:23:41] What was your question again? I'm sorry. [00:23:43] The question is, when you put homes, not when you, but when the statistics come back, with [00:23:47] homes with two bedrooms or less, 75.9%, are you including the multifamily and mobile homes [00:23:52] in that figure? [00:23:53] Yes, yeah. That's all housing. [00:23:54] So, there you go. [00:23:55] So, that's why it's so high. [00:23:56] So, that's why it's so high. [00:23:57] It's the smaller... [00:23:58] It's the multifamily and mobile homes. [00:23:59] Right. [00:24:01] A lot of little frame homes. [00:24:02] A lot of two-twos. [00:24:03] I get that. [00:24:04] But you mix in that multifamily and mobile homes. [00:24:05] That's why that line... [00:24:06] It might be a line below. [00:24:07] It's all together. [00:24:08] It's all together. [00:24:09] It's all included in that category. [00:24:12] But it's still interesting to notice that 76% of your homes are two bedrooms or less [00:24:19] of your existing housing stock, which can accommodate families, but they're probably [00:24:25] living in fairly close quarters and may have some economic issues associated with them, [00:24:33] too. [00:24:34] One other comparison that I should mention that isn't shown on this slide is we looked [00:24:42] at your CRA taxable value records and compared the average taxable value of all housing units [00:24:51] in the city versus all housing units in the county. [00:24:56] And there, the city is about half the value, taxable value, as the county. [00:25:01] The city's average taxable value per housing unit, this is all types of housing units, [00:25:07] is 43,000 round numbers. [00:25:09] In the county, it's 85,000. [00:25:12] So again, it's sort of indicative of the economics of the community. [00:25:20] And in that regard, I need to push the button again. [00:25:25] This is, there's too much information on this to digest, and I apologize for that. [00:25:33] But I thought it would be interesting to know that there's approximately 3 million square [00:25:39] feet of commercial space. [00:25:43] I include retail, service, and office space in that total in the city. [00:25:51] Three million square feet, gross square feet, which is a lot of space. [00:25:56] Now, unfortunately, not all of that space is occupied. [00:26:01] There's a lot of vacancies. [00:26:03] You can see it on the 19 corridor. [00:26:05] You can see it in different parts of the community, around the community hospital, what used to [00:26:10] be the community hospital area, and so on. [00:26:14] But the fact that you have an inventory of three million square feet of space is pretty [00:26:20] significant for a city of 16,000 people. [00:26:25] What stands out most to me in this table, and what's of greatest concern, or of one [00:26:33] of the greatest concerns, is you'll notice in the column under office, it shows the square [00:26:39] footage of the community hospital area, the square footage of office space in that area, [00:26:46] around what used to be the old community hospital. [00:26:50] There are 40 properties that total 377,000 square feet of gross office space, which is [00:26:56] huge. [00:26:58] That's almost half of the whole city. [00:27:01] The rest of it's, most of the rest of it's in the 19 corridor. [00:27:05] But that's a major amount of office space, and we're concerned about that, and getting [00:27:11] ahead of myself, we want to target, as a target of opportunity and need, the redevelopment [00:27:16] potential of the community hospital property, is the future of that office space. [00:27:23] It's becoming increasingly vacant. [00:27:25] There are a lot of vacancies there, and the hospital has been gone for five years. [00:27:32] So a lot of physicians are still there, but we need a replacement, or replacements, to [00:27:39] keep those physicians intact, and to keep that office space viable. [00:27:45] There's nothing worse than having a lot of vacant buildings. [00:27:49] But that number is significant, and you compare that number to the number right below it, [00:27:56] for the amount of office space around the Mass., Massachusetts Avenue, Congress Street, [00:28:03] Morton Plant area. [00:28:05] We recorded 69,000 square feet of gross office space in that area, which is a fairly sizable [00:28:12] area. [00:28:14] That's one-fifth the amount of office space in the community hospital area. [00:28:20] Morton Plant is much newer. [00:28:22] It still is having an impact on the community. [00:28:25] It'll increase over time, and maybe many of those physicians and so on will move from [00:28:31] the community hospital location to the Morton Plant location, and leave vacancies at the [00:28:37] community hospital location. [00:28:40] But the fact that there's such a differential there shows you the impact that the community [00:28:46] hospital did have on the community when it was in operation, to have generated 377,000 [00:28:53] square feet of office space, versus 69 for Morton Plant so far. [00:29:00] So it's figures like this that sort of help us focus on this mission. [00:29:13] We have several concerns about taxable values and how they're trending in New Port Richey, [00:29:20] and that's really one of the issues that we want to address with you, and we'll spend [00:29:26] some more time on that. [00:29:29] The first bullet, the sub-bullet under that, shows that the overall average square foot [00:29:36] value of commercial development, developed commercial properties in New Port Richey, [00:29:43] that's the 3 million square feet, is around $40. [00:29:48] Now some are higher than that, like Southgate Center, the square foot value of that is about [00:29:54] $55, including their out parcels. [00:30:00] is about $55 a square foot. [00:30:05] Overall, the acreage value, developed commercial properties [00:30:10] have an acreage value for the community of about 420,000 an acre. [00:30:15] That doesn't sound too bad until you compare it to some of the things that are happening, [00:30:20] for example, in the Trinity area. We looked at some shopping centers [00:30:25] that are being developed in the 54 corridor, for example. [00:30:30] Their values can range up to $200, taxable values, [00:30:35] up to $200 a square foot versus 40 here. [00:30:40] Age is a major influence on property values. You have a lot of old, [00:30:45] tired properties. The whole 19 corridor does. [00:30:50] Some people would say that about me, old and tired. [00:30:55] May I ask you a question? Instead of just comparing to Trinity and Wesley Chapel [00:31:00] and the new developments, the values, why are we not comparing to other portions of West Pasco County? [00:31:05] Those are the figures I'd like to see. [00:31:10] Obviously, the taxable value for commercial property in Trinity [00:31:15] is going to be substantially higher than what it is here in the city limits. [00:31:20] We understand that, but I wouldn't mind it. I would like to know where we compare to Holiday, [00:31:25] to Hudson, to other corridors in 19. Have we looked into any of that or no? [00:31:30] It's like we're comparing the city of New Puerto Rico to the rest of Pasco County. [00:31:35] On average, you take Champions Club, Trinity, Astoria, all these brand new developments [00:31:40] and we understand we're way below. I'd like to know where we compare to the rest of West Pasco. [00:31:45] Are any of that data coming in or no? [00:31:50] None of that data is available to us. We got the countywide data, [00:31:55] so we could do the countywide analysis. We have the city, [00:32:00] but we don't have the breakdowns beyond that. [00:32:05] The reason I mention that Trinity is around the corner, [00:32:10] the reason I mention that is it shows what the potential is. [00:32:15] Maybe you can't get back to $200 a square foot because you're dealing with older properties, [00:32:20] but with some facade improvements, with landscaping improvements, [00:32:25] with other types of improvements, [00:32:30] shopping centers reinvent themselves all the time. [00:32:35] They reinvest, like the public shopping center can reinvest in a facelift and so on. [00:32:40] You can increase those property values. [00:32:45] I think that's one of the challenges that New Port Richey has is how do we increase [00:32:50] the overall taxable values? For example, I'll give you an example. [00:32:55] Debbie and I have talked about this. [00:33:03] It had a major loss of taxable values from 2007 [00:33:14] when it reached its peak down to 2013. Lost about $10 billion of taxable values. [00:33:20] It gained back five of those, so it's now about 85% of what it was back in 2007, 10 years ago. [00:33:31] New Port Richey is about 55% of what it was back in 2007. [00:33:39] Now, one of the questions we have that we've talked to Debbie about, [00:33:44] that she's anxious to talk to the county property appraisers, [00:33:49] is why such a lower bounce back in property values? [00:33:57] There may be a reason for that, and we need to better understand the reasons, [00:34:03] because that's a pretty shallow bounce back from the losses suffered from 2007 to 2013. [00:34:08] Councilman Phillips, we've been asking that question for three years, [00:34:14] pretty much since I've been up here. [00:34:19] This is old news to me. [00:34:24] This just reconfirms all the stuff that we've... [00:34:31] I hate to put it this way, but we've been down this road before. [00:34:37] We know where the on and off ramps are. [00:34:42] We understand the challenges. [00:34:47] All you're doing is, to me, we're doing a flyover, [00:34:52] and we're doing a victory lap on some things that weren't affected by the CRA. [00:34:57] I'd love for you to finish through what you have, [00:35:02] and we all have our own thoughts and insights into this, [00:35:07] but again, as Mr. Starkey, as Jeff has just said, [00:35:12] this seems to be old ground again. [00:35:17] It really is. [00:35:22] We've talked to the property appraiser about the fact that the information that he has used [00:35:27] quite frankly just don't hold water. [00:35:32] Looking at massive vacancy rates that simply no longer exist, he's behind the curve. [00:35:37] If you add that to the fact that our county commission has been so focused [00:35:42] on trying to turn cow pastures into bedroom communities for Tampa [00:35:49] over in the Wesley Chapel area, they have made no investment whatsoever in West Pasco. [00:35:54] We know that. [00:35:59] When we get smoked by Dade City and by Zephyr Hills, [00:36:04] some of you guys weren't at the MAP meeting, unfortunately. [00:36:09] First of all, the setting was interesting, [00:36:14] but when Steve Spina gets up and brags in front of everybody [00:36:19] that at that meeting Zephyr Hills has finally passed New Port Richey [00:36:24] and the number of citizens it has by seven people, [00:36:29] I was sitting there and I went, that's a passing fad. [00:36:34] You wanted to fire back. [00:36:39] Wait until Main Street Landings comes on. [00:36:44] What spilled over because they did an extension of Highway 56 [00:36:49] and got state money to take the thoroughfare going through Zephyr Hills. [00:36:56] I expect Zephyr Hills to have a massive big uptick. [00:37:01] They got an airport. They got a bunch of other things. [00:37:06] It was interesting that night that we had been surpassed by Zephyr Hills by seven people. [00:37:11] I didn't realize that all of this was information [00:37:16] that you already were well aware of. [00:37:21] The point of trying to point this out is there are solutions here. [00:37:26] That's what we're trying to get at. [00:37:31] One of the problems is, frankly, [00:37:36] your lower real estate values are generating the high tax rates [00:37:41] that you've had to suffer through for several years. [00:37:46] You have one of the highest millage rates in the state of Florida. [00:37:51] That makes it difficult to compete for any economic growth [00:37:56] and investment with other communities. [00:38:01] There has to be solutions there. [00:38:06] Have you seen the amount of economic investment in our downtown core in the last three years? [00:38:11] I appreciate your time, and you are much better at economics than I am by far. [00:38:16] But everything we're seeing, I feel like I just sat up here and saw this right when I came on council four years ago. [00:38:21] We've been taking great strides as a city to combat all of this. [00:38:27] That's what we've been working on the past four years. [00:38:34] We're starting there and expanding out. [00:38:42] Not that it's not accurate data, but it's data that I was told three to four years ago. [00:38:49] We've been taking, in my opinion, great strides to combat all of these objectives. [00:38:56] Bear with me, I'm about to turn the mood around. [00:39:03] The next couple of slides relate to our tax increment projections. [00:39:08] They're a little out of sequence, but that's fine. [00:39:13] We project that over the next 20 years, based upon fairly conservative growth rates of taxable values, [00:39:20] that you can generate $52 million of TIF revenues. [00:39:26] In your CRA. [00:39:31] Now, that presupposes that we don't go through any major economic turndowns, [00:39:36] like we suffered through from 2008 to 2012. [00:39:43] The outlook looks pretty good for the next three years, [00:39:48] and looks reasonable after that. [00:39:53] The CRA tax base has increased by a little under 2%, [00:39:58] since 2001 to 2017. [00:40:03] A little under 2% a year, 1.7% a year. [00:40:08] We're using a projection after the next three years, [00:40:13] for the 17 years after that, about 3% a year. [00:40:18] I recognize that, but in your numbers, [00:40:23] when you extrapolate it out over that time frame, [00:40:28] you're taking in a five year time period that we had a major recession. [00:40:33] In essence, up until 2007 or 2008, our CRA was off the charts. [00:40:39] We had so much money, we turned ourselves into the real estate barons of New Port Richey. [00:40:45] We still hold the same daggum properties now that we bought back then. [00:40:50] Recognizing that, and from a conservative standpoint, [00:40:55] we would hope that we wouldn't repeat history and go through that again. [00:41:01] It's interesting though, I understand what you're saying, [00:41:06] but when you look back, 2001 you had a zero basis. [00:41:11] Your tax increment began in 2001. [00:41:16] You made money even after the recession. [00:41:21] The recession went from 2007 and bottomed out in 2013. [00:41:26] You were making CRA dollars from the county and the city in all of those years. [00:41:31] We estimate that you must have made just rough calculations, [00:41:36] in that time period, both city and county funds. [00:41:41] You were making money whether the tax rate base was going down or not, [00:41:46] because you started with a zero basis in 2001. [00:41:51] Just as a point of clarification, if we made 34 million as a city, [00:41:56] and what they did back in the era, [00:42:01] close to 22 or 23 million dollars, [00:42:07] plus still holding the properties for 10 years with no tax increment on them, [00:42:12] plus paying the debt service and restructuring that a couple of times. [00:42:17] Basically, we spent it, we still own it, [00:42:23] but we've written it down on our books. Is that not right, Ms. Feast? [00:42:28] The value in those properties has been written down to zero. [00:42:33] The ones that you still own, right? [00:42:38] Yes, and where we are there, and where we kind of go from here. [00:42:43] There's so many things that we could all just... [00:42:48] Let's hope we don't have to revisit any of the horrors of yesteryear. [00:42:53] Whatever the number is, we estimate 52 million dollars over the next 20 years, [00:42:58] or this slide shows about 12 million dollars over the coming five years. [00:43:05] Three of those first three years, we expect some significant growth rate [00:43:10] of around 7.5% on your average taxable value for both city and county. [00:43:16] So we're pretty comfortable with those. [00:43:21] We're trying to figure out how best to spend those, [00:43:26] on what types of incentives, what types of improvements, [00:43:31] what types of marketing initiatives can have the greatest effect [00:43:36] in terms of trying to generate additional tax value and revenues. [00:43:43] Now, let me get into that. I'll be as brief as I can be. [00:43:48] Our mission working with you is to try to plant seeds. [00:43:55] When you focus on redevelopment, you have to narrow your view [00:44:02] to focus on those things that you think are doable within a reasonable timeframe. [00:44:07] This CRA plan update is focused on the next five years. [00:44:12] Now, in terms of planting seeds, you all have enjoyed some good success [00:44:17] with planting seeds, and we want to continue that. [00:44:22] I mean, you look at the Main Street Landing project, that's a winner. [00:44:27] The residence of Orange Lake, that's a potential winner. [00:44:32] It's not there yet, but it will be there. [00:44:37] There are other things, the potential for the Hacienda Hotel, [00:44:42] that we need to build upon, to capitalize on, to plant those seeds. [00:44:49] And we've identified five locations in the community, [00:44:54] the community hospital site, the U.S. 19 corridor, [00:44:59] up at the Hacienda Hotel. [00:45:00] the Riverside Motel, the U.S. 19 Corridor, the South Gate Center, and the Magnuson Inn, [00:45:07] and the Liverox Restaurant, and the U.S. 19 Corridor and Main Street, we call it the Main [00:45:14] Street Gateway, which is the area on the south side of Main Street down to River Road or [00:45:20] South Road, I guess it is, between 19 and River Road. [00:45:25] And then some properties across the street downtown from the Hacienda Hotel, which are [00:45:29] undeveloped and have some potential for residential development, we think, that has been speculated [00:45:38] about and projected in the residential study that you had done a few years ago. [00:45:44] Those five locations total about 80 acres. [00:45:49] So our mission is how to best describe and set you on a path to redeveloping those five [00:45:59] areas as indicators of what can be done. [00:46:04] I mean, you can't bite off the whole community. [00:46:09] That's too large of a bite for a five-year program. [00:46:13] But you can focus on certain areas that may have some potential and certainly have some [00:46:17] need, like the community hospital site. [00:46:22] So in that regard, the first targeted redevelopment site where we want to plant a seed is the [00:46:29] 20 acres that is owned by HCA and its affiliates. [00:46:38] And okay, what do we do? [00:46:40] The VA hospital is not materializing. [00:46:44] That's gone. [00:46:47] There may be, and I think this is, with all of these locations, I think it's a matter [00:46:53] of city people sitting down, talking with property owners and commercial brokers and [00:47:01] so on, trying to find solutions to work out the best deals and so on. [00:47:07] So it would be, for example, one of the things that I would argue for is having a series [00:47:14] of meetings with the HCA people, okay, what can you do here? [00:47:20] What units can you bring over, or not bring over from Trinity, what other units can you [00:47:26] marry up with your behavioral health center here on this site? [00:47:32] Meet with some, get together with some senior housing assisted living providers, nationally [00:47:39] ranked providers. [00:47:41] Okay, how can we make this a state-of-the-art senior community assisted living community [00:47:47] nursing facility, Alzheimer's care and so on? [00:47:51] So we can take advantage of the medical offices that already exist in the area while they're [00:47:56] still here. [00:47:58] And then so on, doing a conceptual plan to help market the study and so on. [00:48:03] So there are a lot of things that can be done which are sort of outlined in our report, [00:48:07] but I think it's a matter of sitting down, getting serious, not just thinking about [00:48:13] it, but getting serious with commercial brokers, with developers, with the property owners [00:48:20] and their entities, their agents, and coming up with a solution. [00:48:27] The next one is what I'll call the US 19 Rivergate Main Street Gateway area, which is the area [00:48:35] including the about-to-be-vacated Walgreens. [00:48:39] When is that vacated? [00:48:40] When is that, Marriott, when is that? [00:48:45] April? [00:48:46] Well, that's a shame. [00:48:50] That's your signature property at the entrance to Main Street. [00:48:56] But to balance that off, having all these occupy that old newspaper building, that's [00:49:04] a coup. [00:49:05] And how do we keep that going? [00:49:07] I mean, I'll mention that this area, as well as the Riverside Inn property, were targets [00:49:17] of major studies done by Pasco County, their Vision 19 plan. [00:49:23] They had a town center small area plan and a Main Street small area plan. [00:49:34] The town center small area plan focused on New Port Richey, but it also included the Riverside [00:49:43] Inn property and adjacent properties. [00:49:45] They called it the Something Bayou, and I can't remember what it is right now. [00:49:49] May I ask you one more question, please? [00:49:51] Sure. [00:49:52] Sorry to interrupt you. [00:49:53] Did you look at the U.S. 19 corridor in the New Port Richey city limits and compare it [00:49:57] to the New Port Richey city limits? [00:49:58] Did I look at the, sorry? [00:50:00] The U.S. 19 corridor within the New Port Richey city limits and compared it to the New Port Richey city limits, as far as new development. [00:50:09] Because every time I blink, there's a new building going up in the 19 corridor in New Port Richey. [00:50:14] And the one thing that sticks out in my mind is when I drive up 19 and I cross that bridge, [00:50:18] I don't see one extended stay motel in that city limit until you get to Hudson. [00:50:24] Do you think that could have a negative impact on our U.S. 19 corridor? [00:50:27] We have, what, three or four, right? [00:50:29] Just in probably two linear miles? [00:50:31] The big mall up there is a big driver of the market. [00:50:36] That's a differentiator right there. [00:50:38] Gulfview Square Mall is a driver of the market, like a positive driver? [00:50:40] What? [00:50:41] A negative driver, maybe. [00:50:42] Are you saying it's a positive driver, Gulfview Square Mall? [00:50:44] It's repositioned. [00:50:46] It's been repositioning itself, Joe. [00:50:48] Not the interior of the mall, but everything on the exterior, they brought it all out, [00:50:53] just like they've done in a lot of different cities. [00:50:55] You're right. [00:50:56] The question that I'm asking myself is why would Walgreens shut down a store here in [00:51:00] our U.S. 19 corridor and open up a brand new building? [00:51:03] Why Culver's? [00:51:04] Why a brand new Dunkin' Donuts? [00:51:06] All these new businesses going in in that corridor. [00:51:11] Has anyone, Mary, are we looking into why that's happening there and not in our corridor? [00:51:16] These are the questions I'd like to have answered. [00:51:19] This is a review of what we know. [00:51:23] There's nothing new here yet. [00:51:25] Nothing that we haven't been dealing with, Jeff and I, for four years. [00:51:30] As a business owner, I don't want to buy a parcel of land and put up a brand new building [00:51:35] next to the Royal Palm Inn, or the Green Key Motel, or any of these other extended-stay [00:51:41] motels. [00:51:43] How do we look into combating issues like that? [00:51:46] Those are the questions I'd like to have answered, because I think that's what's going to help [00:51:49] us for the redevelopment and get us on the right track in the U.S. 19 corridor, with [00:51:53] the county's help as well. [00:51:55] But I guess I'm just getting overloaded with negativity here with things that I've heard [00:52:00] before. [00:52:01] And once again, there's nothing against you personal, but I want someone to come in and [00:52:04] tell me these are the things we need to be doing. [00:52:06] We all know about community hospital and the vacancies there. [00:52:10] I mean, it's been something we were very, very excited about the potential of the VA. [00:52:15] Now that's gone. [00:52:16] We have to start over. [00:52:17] But I wouldn't say that Ms. Manns or Marya, it's not like we've not been in communications [00:52:20] with HCA, right, as far as potential and ideas? [00:52:24] I mean, these are things that, like, I appreciate the things that I'm seeing, but it's like, [00:52:29] I feel like the city's not getting credit because we're already doing these things. [00:52:33] We've been in contact. [00:52:35] Maybe it's just me, but these are the answers that I want. [00:52:39] I want to know why there's new business going in on the 19 corridor in New Port Richey and [00:52:43] not New Port Richey, why we lost Walgreens for them to buy a parcel of land and build [00:52:48] a brand new one. [00:52:49] It's not even easy access. [00:52:50] It's a horrible location. [00:52:51] Terrible access. [00:52:52] Marya, just so you know, as our economic development director, these are the questions I want answered. [00:52:59] Is it because of the extended stay motels? [00:53:01] Is it because of this? [00:53:02] Because of that? [00:53:03] Because if so, we need to figure out what it is so we can combat it. [00:53:06] I'll leave it at that. [00:53:10] Residential living, too. [00:53:11] You can go up to Bayonet Point Atria, and there's no medical buildings around that one, [00:53:17] and it's got 230 units in there. [00:53:19] If you go up to Windsor Woods, well, it's right across the street from the hospital. [00:53:24] You can understand there'd be some doctors' offices there, but not because of Windsor [00:53:28] Woods, because the hospital's there. [00:53:30] So to put Atria into the facility at HCA, that's not going to necessarily fill those [00:53:41] doctors' offices, because there's not a hospital there. [00:53:43] Did anyone speak to Applicant Insight and ask them why they stayed? [00:53:46] Why they decided to renovate that building and stay in our city limits? [00:53:50] Those are the things I think we can learn from. [00:53:52] We haven't asked them, but perhaps you have. [00:53:55] Yeah. [00:53:56] Well, okay, well, all right, let's look on the positive side. [00:54:02] Walgreens. [00:54:03] Why do Walgreens leave? [00:54:04] I don't have the answer for you, but I bet the broker can tell you, the listing broker [00:54:09] who's trying to sell a property to somebody else, and why did all these move here? [00:54:15] I mean, that's, I mean, you've been dealing with all these, and that's a coup, the fact [00:54:20] that they moved here. [00:54:22] My observation of, okay, a couple of things. [00:54:26] Why New Port Richey versus New Port Richey? [00:54:29] I drove the corridor again today, and just, I'm not a landscape architect, or I wouldn't [00:54:38] pretend to be Keith Greminger, an architect, and a designer, and that sort of thing, just [00:54:42] to, you know, understand why property develops and why it doesn't. [00:54:48] And it's interesting that the number of properties in the Bayonet Point-New Port Richey area, along [00:54:56] 19, not every property is landscaped, has frontage landscaping and perimeter landscaping [00:55:04] and trees and this and that. [00:55:06] And perhaps that's the reason is they're newer properties, and they have newer regulations [00:55:12] that apply to them. [00:55:13] That may be the answer. [00:55:16] But you drive 19 New Port Richey, and there's virtually no landscaping to speak of, of frontage [00:55:27] landscaping, and the roadside environment is not attractive at all. [00:55:39] And that is not necessarily encouraging to people who want to develop retail businesses. [00:55:46] Is that the answer? [00:55:47] Is that the reason why Walgreens moved? [00:55:49] I don't know. [00:55:52] Perhaps Walgreens is closing several hundred of its stores nationwide, and, you know, maybe [00:55:58] they assumed or figured that New Port Richey was one of the lesser viable stores. [00:56:05] Right. [00:56:06] It doesn't have the traffic. [00:56:09] I'm sorry, Jeff. [00:56:10] As far as the land, just real quick, as far as the landscaping goes, the landscaping wasn't [00:56:14] there before those parcels were redeveloped. [00:56:17] The owner of Culver's didn't say, well, there's some nice plants out front of that parcel. [00:56:21] Let's buy that and put a new building up. [00:56:22] That all came with the redevelopment. [00:56:24] It looked exactly like our segue of US-19 looked in New Port Richey. [00:56:30] So there's something more than just landscaping driving investors to purchase parcels of land, [00:56:36] tear down what's currently there, and putting up new buildings with landscaping with new [00:56:41] businesses. [00:56:42] It drives me nuts every time I drive through New Port Richey and I see it, and I'd like to [00:56:46] have those answers, those questions answered as to why they are not here. [00:56:50] Which is not your job, per se. [00:56:51] I can't imagine its lack of traffic with 60,000 vehicles a day passing those retail properties. [00:56:56] I imagine it's traffic at that corner. [00:56:59] You got Walmart that drives traffic, Wawa's went right there, which is a high profile. [00:57:05] When Wawa's goes, things follow. [00:57:08] There's a whole series of things. [00:57:10] But I have to make a statement. [00:57:12] I never thought that I could get this upset in the first hour after driving to Lakeland [00:57:25] this morning at 7 a.m., which is an hour and a half away, and to come back to be here at [00:57:30] 5.30. [00:57:31] I have to tell you, and I have to share with you all, because if I don't say it out loud, [00:57:36] the rest of the meeting tonight, plus the one afterwards, is going to be long for everybody, [00:57:42] including me. [00:57:44] This, to me, misses the mark so badly that it just infuriates me that we're an hour in, [00:57:58] and this is all old stuff. [00:58:02] We started this in April last year, because I can tell you that being here for six years, [00:58:09] and prior to that, when the CRA, and that the city of New Port Richey stretches the [00:58:16] full definition of what a CRA is, because we got away with it in 2000, but this to me [00:58:24] gives me no benchmarks, number one. [00:58:27] Number two, the 2012 report was done by staff, and immediately after that, in 2012 and 2013, [00:58:35] we turned the CRA into a debt service model to service all of the debt that we had already [00:58:40] taken on. [00:58:42] That's not mentioned in here. [00:58:44] Doesn't tell us any of those things, so there were things on almost every page. [00:58:51] Some of your points were in there, but to me, this really, really misses the mark, and [00:59:00] it doesn't talk about where the state legislature is, about what they're trying to do to impact [00:59:05] CRAs, because we could do a whole lot of stuff, and in two years, they could make our [00:59:09] life even more miserable, but there's just, like I said, I have to say it out loud. [00:59:14] I apologize. [00:59:15] I just got to say it out loud. [00:59:16] I agree with you. [00:59:17] It's just really ... [00:59:18] Yeah, this is seriously depressing, and it is stuff we've gone over and over and over [00:59:23] again. [00:59:24] If you could wrap up, I would appreciate it. [00:59:26] We've got another meeting starting at 7, and we've got to take a break between now and [00:59:29] then. [00:59:30] Okay. [00:59:31] I'll attempt to wrap up. [00:59:36] I guess the point we're trying to make is, okay, how do we develop, how do we define [00:59:45] some catalytic projects for you to help increase your tax base so you can decrease your millage [00:59:52] rate? [00:59:53] I mean, those seem to me to be prime objectives. [00:59:56] So what kinds of developments and improvements ... [01:00:00] improvements to developments, can we define for you that will start the ball rolling? [01:00:08] Now obviously, you've been doing some of that, quite a bit of that, with the Main Street [01:00:14] Landing and the residences of Orange Lake. You've got some other properties that you [01:00:18] still own, the church property on River Road, where the Vision 19 project came up with an [01:00:26] affordable housing option for that property, which may be a viable thing, but we're trying [01:00:35] to identify those properties that need help. There are old properties that are independently [01:00:42] accessed from 19, there are no internals, there's no internal connection, no sense of [01:00:47] design, and what are the redevelopment opportunities that we can, what seeds can we plant in these [01:00:54] areas that will bear some fruit and start the ball rolling with other properties along [01:00:59] 19, and elsewhere in the community. So, sorry I've taken too much of your time. Keith, save me. [01:01:10] Well obviously, we need to go back and do some homework, pointed in the directions [01:01:19] that you all will lead us towards. I think that's apparent, that we need to reassess [01:01:25] the market, answer these questions that you're asking us this evening, and bring those back [01:01:30] to you. The next steps that we anticipate is, the next couple of days, we're going [01:01:37] to be reviewing what's happening with the ULI housing study to try to understand and [01:01:41] answer some of those questions on the housing markets that you have asked. And then, based [01:01:48] upon that, I don't know if this timeline is credible anymore, but we'll incorporate [01:01:53] that into the report, we'll go back and do the reassessment of this market to try to [01:01:58] answer some of these questions that you all have done, and come back to you with a draft [01:02:03] of where the updates should be falling to meet your... [01:02:09] When you come back, honestly, Keith, this is the impression that I have right now, is [01:02:13] that everything I just heard tonight, I heard when it just got on council, and it's almost [01:02:17] like a slap in the face. We've just been sitting up here, sitting on our hands, doing [01:02:21] nothing over the last four years to combat this. Let's talk about what we have done, [01:02:25] what's working, about the new grocery store going downtown, about the brewery scene we're [01:02:30] trying to get going in our city. Talk about things we've done, where we're at compared [01:02:34] to three, four, five years ago, what's working, what track we're on, and how we stick to that [01:02:42] and grow from there. I know it wasn't your killing me horns intention to do so, but I'm [01:02:48] almost offended, to be honest with you. It's just like, this is the same stuff I heard [01:02:52] four years ago, and I feel like this presentation basically showed that we've done nothing since [01:02:59] then, and I couldn't disagree more, so that's where it left me. [01:03:05] We don't need you to tell us what we've done. This was all history. From this, I expected [01:03:11] the future. We've got nothing. We've spent over an hour on ancient history, and I'm not [01:03:16] interested in looking at ancient history at all. Where do we go from here? [01:03:22] A couple of slides that we've passed over are some ideas that ... [01:03:26] Bring them back. We're done today. Bring them back. We're done. [01:03:30] Keith, part of your information does need to include the present debt structure. My [01:03:37] idea of the new CRA was that it was going to evolve out of what it got turned into by [01:03:43] a former manager, and the development staff, and everybody else. Kind of what the amortization [01:03:51] schedule is that, because that drives this projected income, because really, the CRA [01:03:59] hasn't really spent a lot of money in the community. It's done some things, but not [01:04:08] to the degree of $34 million. If that $34 million hadn't been absorbed in buying properties [01:04:15] and stuff, yeah, we would probably have a lot more dynamics to it, but that, and then [01:04:21] obviously understanding that this present CRA ends in 2037. [01:04:29] Those are factors, and I won't be here the next time you come around. I might be here [01:04:33] at the very end, but come April 17th, Judy and I are going to be gone. We've been living [01:04:39] with this, and this is some of the things that leads to the effect, but in understanding [01:04:47] where the CRA is, and that's why I think Jeff and everybody was where we are, and then kind [01:04:52] of where the steps out with this, and some of the things that you took credit for with [01:04:58] the CRA in here were revenues that were driven by other sources. Penny for Pasco, local option [01:05:06] gas tax, some of those others. Now they've had an impact into the CRA, but it really [01:05:11] hasn't done much to our housing stock numbers, and that's where our next thing is. So I'm [01:05:15] done, Mr. Mayor. Thank you. [01:05:16] Thank you, and on that note, let's... [01:05:18] I just want to say, don't come back with us with a ULI report. We're going to get that [01:05:23] from them, so don't incorporate that in your business.

   This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.

3. 3

   Meeting in Recess Until Close of Regular City Council Meeting

   Meeting recessed until the close of the Regular City Council Meeting.
4. 4

   Approval of February 6, 2018 CRA Meeting Minutes

   Approval of the minutes from the February 6, 2018 CRA meeting.
5. 5

   ↳You arrived here from a search for “RFQ18-010”

   Recommendation of Firm for RFQ18-010 Historic Hacienda Hotel Project

   Recommendation of a firm for RFQ18-010 related to the Historic Hacienda Hotel Project.

   #Historic Hacienda Hotel Project#RFQ18-010
6. 6

   Bid Award ITB18-011 Hacienda Hotel Project - Patio and Staircase (Small-Matching Grant)

   Bid award for ITB18-011 for the Hacienda Hotel Project - Patio and Staircase, funded by a Small-Matching Grant.

   #Hacienda Hotel Project#ITB18-011#Patio and Staircase#Small-Matching Grant
7. 7Adjournment