Revitalization Commission Agenda and Packet 2024 08 06

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SUBJECT: BONDING BUDGET AND ALLOCATION OF FUNDS DATE: AUGUST 6, 2024 PAGE6OF9 spaces, realms for all modes of activation and a greater sense of community through wayfinding and landscaping enhancements. Throughout 2023, the LRC advised staff to create a scope of work and go through the RFP process to hire consultants to complete the streetscape project. Public engagement for the coordinated streetscape effort has been underway since mid-2023 and has included open houses, online engagement, business meetings and neighborhood meetings. The project team has taken best practices and public feedback to create a preferred alternative. This preferred alternative speaks to the hard infrastructure improvements, parking adjustments, landscaping, public spaces, investment in the Steinbaugh Pavilion and includes a signage/wayfinding plan. The City will continue to work with the consultant teams to provide oversight, technical input and support throughout construction of the improvements. Staff would also work with the construction teams and businesses to create a business mitigation plan to assist businesses through the construction of the improvements. In addition, staff will develop a maintenance plan for the new improvements to help ensue the longevity of the new investments. Once approved, staff is prepared to move into more detailed design and construction documents. It is anticipated that the construction would take three years starting in Q4 2025 and is estimated to cost $6-8 million. The Downtown Vision Plan implementation aligns with the 2006 adopted plan and has a direct impact on the following objectives: • Eliminate and prevent blight • Improve relationship between the URA and surrounding areas • Increase property values • Encourage a mix of uses and/or mixed -use projects • Provide ease of vehicular and pedestrian circulation and improve connections • Encourage continued presence of businesses consistent with the plan vision • Mitigate impacts from future transportation improvements • Adjust parking ratios to reflect future densities • Develop signage standards • Landscape streetscapes to unify uses and plan components. In addition, the Downtown Vision Plan implementation has a direct impact on the following blight factors: a) Slum, deteriorated, or deteriorating structures b) Predominance of defective or inadequate street layout e) Deterioration of site or other improvements f) Unusual topography or inadequate public improvements or utilities COMMISSION COMMUNICATION Agenda Packet P. 7