south daytona cra history

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Page 1: South Daytona CRA history

City of South Daytona

South Daytona CRA – US1 Commercial Corridor

South Daytona CRA

Limits

Page 2: South Daytona CRA history

South Daytona CRA History

County Council Resolution 96-219 Delegated Authority to South Daytona for CRA for 30 years (1996 –

2026)

Attachment to resolution noted that the Blight Study was

underway

Blight Study Prepared by a consultant (Hanson Taylor, Inc. and HDR)

Completed February 1997

Community Redevelopment Master Plan Prepared by a consultant (HDR Lawndales Planning Affiliates)

Completed June 1997

Page 3: South Daytona CRA history

Benefits of CRA Designation

Reverse Economic Decline/Stimulate

Economic Development

Increase Appraised Values as Properties are

Redeveloped

Additional Tax Revenue to Benefit the CRA

and the Business Community

An Active, More Attractive, Viable Business

Community that benefits the Community, City,

County and Region Economically

Page 4: South Daytona CRA history

Things to Plan For/Think About:

Annual Reports (further detail to follow)

Annual Presentations to County Council

Creation of Incentive Programs for Businesses in the CRA

Creation of Overlay for CRA District to Guide Development of Specific Uses

Creation of Design Standards for the CRA to Guide Architectural Styles and other Design Elements

Partnership with County and Team Volusia for Economic Development Assistance which Ties in with CRA Redevelopment Projects

Engage Business Community for Input and Partnerships

Look at Other Programs such as Main Street Program, Working Waterfronts Communities, etc.

Participate with the Florida Redevelopment Association

Participate with Transportation Planning Organization and FDOT programs

Page 5: South Daytona CRA history

Annual Plan

Per Florida Statute 163.356(3)(c) requires that the

CRA will file with the governing body (the County of

Volusia) annually, on or before, March 31, a report

of its activities for the preceding fiscal year to

include:

A complete financial statement setting forth its

assets, liabilities, income and operating expenses

Must publish in a local newspaper a notice that the report has

been filed and is available to the public during business hours

Page 6: South Daytona CRA history

Examples of Improvements

Through Financial Incentive Program

Before Before

AfterAfter

Page 7: South Daytona CRA history

Before

After

During 2010, Warner Christian

Academy received a CRA

Façade Improvement Grant in

the amount of $15,000 which

was leveraged with $84,000 of

their own funding. The grant

funds were used in part to

complete painting of their

campus buildings including the

main building fronting our US1

corridor in our redevelopment

district. This simple

improvement project has made

a dramatically positive impact

to this main commercial

corridor in our CRA.

Examples of Improvements

Through Financial Incentive Program

Page 8: South Daytona CRA history

Example of Capital Improvement

Project

US1 Streetscape & Undergrounding of Utilities

Before: Overhead Utilities

After: Underground

Utilities

Page 9: South Daytona CRA history

Example of New Construction Project in

CRA

Halifax Landing Condominium (186 units)

Tax Revenue 2009: $ Tax Revenue 2010: $