Revitalization Commission Agenda and Packet 2020 02 12

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LOUISVILLE REVITALIZATION COMMISSION SUBJECT: APPLICATION FOR ASSISTANCE: 824 SOUTH, INC. FOR 957 MAIN STREET / 824 SOUTH STREET DATE: FEBRUARY 12, 2020 PAGE 2 OF 5 As reflected in the attached materials, the applicant is seeking $261,742 in assistance for improvements. DISCUSSION: The LRC generally reviews applications for public infrastructure improvement assistance against three goals: • Removal of blight factors; • Positive effect on property values; and • Advancement of the Urban Renewal Area (URA). The following analysis of the project in relation to the goals does not detail the planning related components, since the project has already received its PUD and SRU approvals and construction is underway. There is a time sensitivity to the LRC’s consideration of assistance, since the project would envision constructing ROW and utility improvements early in the spring. Removal of Blight Factors: The 2006 Louisville Highway 42 Revitalization Area Conditions survey identified properties that contributed to the blight conditions present in the area, as follows: a. Deteriorating Structures b. Faulty Street Layout c. Faulty Lots d. Unsanitary/unsafe Conditions e. Deteriorating Site or other improvements f. Unusual Topography or Inadequate Public Improvements h. Danger to Life or Property from Fire or Other Causes k.5 High Service Requirements or Site Underutilization The Conditions Survey identified 824 South Street contributing to two of the identified blight factors: (A) Deteriorating structures and (F) Unusual topography or inadequate public improvements. During the Conditions Survey, this was an aging single family residential home; it was also noted the property had unusualness or inadequacy in the street pavement and overhead utilities. The application for 824 South, Inc. identified eight of the eleven blighting factors they believed to be present at the property. Outside of the two identified in the 2006 Conditions Survey, they site: • (C) Existing structure is located on west side of lot, away from Main Street, with fenced yard on this important commercial corner. • (D) 2-3 Underground structures used as cisterns, grease traps or wells. Sanitary sewer is connected to the neighboring property. • (E) Existing sidewalk and alley drive pan are deteriorated and in need of repair. • (H) Existing building does not have fire sprinklers and is not adequate for commercial use in current state. Packet P. 8