Midland City Council Presentation

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• Midland City Council Presentation
• January 7, 2008

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• Presentation Agenda
• Why the Center City Initiative started
• Who started the Center City Initiative
• What a Corridor Improvement Authority is
• How a Corridor Improvement Authority can be
  established
• How a Tax Increment Financing (TIF) Plan is
  established
• Answers to TIF related questions raised by the
  City Council at the December 3, 2007 meeting.

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3 Major Commercial Districts
Ashman Circle/S.Saginaw
Predominately Local Ownership of
Downtown Midland
Boutiques/Shops/Restaurants
Personal services / car dealerships / etc.
Pedestrian Friendly
Entertainment
Historical
JC Penney,Woolworth/local shops
Banking/Services/Dining
Location for Community Events
Mall Area
Pedestrian Friendly
Local Owners
Big Box Retail
Destination Oriented Heavy Traffic
National Chain Restaurants
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Today
Ashman Circle/S.Saginaw
National Chain Restaurants
Specialty Shops / Big Box
Downtown Midland
National Chain Auto parts/Tires/Service
Heavy Vehicular Thru Traffic
Small Community Events
Historical - Rejuvenated
Specialty Shops/Boutiques
Banking/Services/Dining
Location for Community Events
Mall Area
Pedestrian Friendly
Local Owners
Big Box Retail
Destination Oriented Heavy Traffic
National Chain Restaurants
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Current Situation
Downtown Midland enjoys a 4.5 vacancy rate
Center City struggles with a 14 vacancy rate
Downtown Midland continues to see new
development and rejuvenation
Center City has seen limited new development or
improvements
Plain and simple, the establishment of the DDA
was a good thing.
Stimulated growth in area positively impacting
entire community
Enhanced opportunities for existing businesses to
grow and new businesses to be created
Proactively prevented economic deterioration and
recreated a sense of pride.
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What is the purpose of the Center City Initiative

• The Center City Initiative has a twofold
  proactive purpose

In the short term, to implement a solution to
halt the economic deterioration of the Ashman
Circle and S. Saginaw corridor
In the long term, to implement a solution that
will improve the business climate in this very
crucial area of our community
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Who are the major supporters of this initiative?
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The Chamber pledges its working support in our
communitys efforts to carry this initiative
forward for the betterment of the entire city.
Many thanks for the City of Midlands
consideration and support of this initiative.

• Sid Allen, President CEO
• Midland Area Chamber of Commerce

In establishing an Authority focusing on this
area, the City Council would be sending a message
to the community, as well as business owners,
that this is an important part of our City, both
historically and commercially. On behalf of the
CBA, I urge you to approve the creation of a
Corridor Improvement Authority for the benefit of
the South Saginaw Road/ Ashman circle area.
- David Ginis, President Circle Business
Association
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We feel that the development of a Corridor
Improvement Authority would help this area create
a proactive process to plan out its growth and
development for the years to come. For those
reasons, Midland Tomorrow supports the
establishment of a Corridor Improvement Authority
in the South Saginaw Road area of Midland.
- Scott Walker, Executive Director Midland
Tomorrow
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What is it that we can do?
We can create a Corridor Improvement Authority
What is a Corridor Improvement Authority?
Similar to a Downtown Development Authority, it
is governed by a board of directors who serve as
an advisory committee to the City Council. The
board is responsible for improvement and
financial planning for the Authority. All plans
must be approved by City Council through the
public hearing process.
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What are the qualifications to become a Corridor
Improvement Authority?
There are several requirements such as

• Residential / commercial use preceding 30 years

• 10 contiguous parcels / 5 acres

• Area served by municipal water and sewer

• ½ existing sq ft classified as commercial

• Adjacent to a collector or arterial road

• Zoned for mixed use

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How do we create a Corridor Improvement Authority?
There are several optional steps as well as
required steps to creating a Corridor Improvement
Authority
Step 1 - Identify the geographical boundaries
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Geographical boundaries
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How to create a Corridor Improvement Authority
cont.
Step 2 - Identify the parcels and property owners
Step 3 - Petition the property owners to
determine support
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Supportive property owners in red
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74.8
81.5
22.0
3.1
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How to create a Corridor Improvement Authority
cont.
Present Proposal for Corridor Improvement
Authority
Pass Resolution of Intent
Hold a Public Hearing
Modify Proposal
City Council considers proposal
Modifications requested
Accept
Adopt Ordinance
Appoint Authority Board
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Top 10 reasons for creating a CIA
10. 9. 8. 7. 6. 5. 4.
3. 2. 1.
Enhance opportunities for existing businesses to
grow
Stimulate growth in this district benefiting the
entire community
Proactively prevent economic deterioration
Rekindle a sense of pride in our community
Community groups such as PPS support the
initiative
We have support from the Circle Business
Association
Majority of property owners in district are
supportive
It is located in a highly visible location,
especially for those traveling in for a baseball
game.
The condition appearance directly reflects upon
the entire community
If nothing is done, nothing will change
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• Questions?