Volusia County Council MeetingAugust 9, 2012

City Commission acts as CRA Board

Downtown Master Plan Update (2007) depicts preferred concepts that reflect the existing and desired vision articulated for the Creek, River and Ocean Districts.

Creek District – Intended to enhance the existing suburban style development pattern.

River District – Traditional downtown appearance enhanced with similar form and function.

Ocean District – More intensive infill housing with mix use development along Granada and the side streets.

Today

The Vision

Issue Summary Strategy ImplementationNondescript buildings physical Design guidelines

Bldg. conditions physical Improvement grants

Substandard infrastructure

physical Stormwater and utility improvements

Maximize use of OS physical OS venue improvements

Taming of SR40 physical Streetscape improvements

Suburban character regulatory Emphasize form – not use

Lack of pedestrians Bus. support Create special events

Business vacancy Bus. Assist. Marketing, advertising

Downtown transformationDowntown transformation

195 W. Granada

136 W. Granada

50 New Britain

Vinning Court Streetscape

150-156 W. Granada (Under

Construction)

Public Way Signage

362 W. Granada

Project Cost

Vinning Court Streetscape $425,300

Public Way Signage $93,100

Building Improvements Grant $106,000

LED Street Light Conversion $432,000

Stormwater Master Plan & Conceptual Permit $125,000

Total spent or obligated $1,181,400

Project Private Investment $

362 West Granada Boulevard $192,723

195 West Granada Boulevard $450,000

150-156 West Granada Boulevard $207,570

50 New Britain $112,700

136 West Granada $327,000

Total $1,289,993

Leverage ratio: ($1TIF:$4.30 Private)

Description Project Cost Fund Balance

Balance as of 10.1.11 $3,069,851

Stormwater Implementation $500,000 $2,569,851

Underground Utilities & Landscape Median - Granada

$1,700,000 $869,851

Thompson Creek Bike Trail $298,250 $571,601

LED Side Street Light Conversion $130,000 $441,601

Property Improvement Grants $425,000 $16,601

Transit Assistance $16,601 $0

100% of all TIF expended revenues benefit residents and businesses in the CRA District. No administrative costs are charged to the CRA District.

The contributing TIF partners to this redevelopment effort benefit from the demonstrated confidence exhibited by private sector capital investment in the downtown CRA.

On behalf of Ormond Beach & the City Commission, thank you for the support and an opportunity to share our story with you.