SUBJECT:
Title
Request Approval of the Silver Springs Community Redevelopment Area 2024 Master Plan Update
Body
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INITIATOR: |
DEPARTMENT: |
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Christopher D. Rison, Senior Planner |
Growth Services |
DESCRIPTION/BACKGROUND:
The Marion County Community Redevelopment Agency (Agency) and Marion County Board of County Commissioners (Commission) initiated a partnership to develop the Silver Springs Community Redevelopment Area 2024 Master Plan Update (CRA Plan). The intent of the Plan is to further guide redevelopment and development within the CRA, building upon the CRA’s initial Redevelopment Plan, the CRA’s established architectural guidelines, and other agency plans for the surrounding area, to encourage, support, and enhance opportunities within the CRA.
In developing the Plan, Kimley-Horn and County staff engaged the public through community workshops and stakeholder meetings to gather input and bring a CRA vision into focus. The CRA’s existing and projected population and economic characteristics were analyzed to obtain an understanding of the CRA’s current status, and identify expected needs, along with potential opportunities to enrich the CRA. A framework of goals with identified objectives have been developed. Further, CRA revenues and costs for the objectives were projected to enable the Agency to pursue the identified efforts, including additional sources for funding to leverage CRA revenues while still retaining flexibility to respond to unforeseen opportunities that may arise.
The proposed Plan is attached, along with the Plan’s two appendices. The first appendix consists of the display items presented at the community workshops and stakeholder meetings, including the results of the feedback exercise. The second appendix is the CRA’s population and economic characteristics analysis, that also includes projections for the CRA’s Tax Increment Revenue based on current trends and implementing the varying opportunities identified by the Plan.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Motion to approve the Silver Springs Community Redevelopment Area 2024 Master Plan Update.
end