Urban Renewal Plan in Umatilla County
HERMISTON NORTH URBAN RENEWAL
AREA
UMATILLA COUNTY PRESENTATION
Johnson Economics
ROADMAP
1.
Role of County
2.
Background
3.
Financial Capacity
4.
Projects
5.
Process and Schedule
ROLE OF COUNTY
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To be briefed on the urban renewal plan
including the maximum indebtedness of the
Plan.
To review the taxing districts’ consult and confer
letter from Hermiston City Council
.
HOW IS A PLAN ADOPTED?
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BOUNDARY
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Elm Avenue (Highway 207)
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Street (395)
STATUTORY LIMITATIONS
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PROJECTS
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New East West Street: NE Aspen Drive
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Signal at N 1
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Street/Aspen Drive
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Extension of NE North Street to NE Aspen Drive
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New water line along NE Aspen Drive
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ROW Acquisition
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ESTIMATED COSTS OF PROJECTS
FINANCIAL FORECASTING
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REVENUE SHARING
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REVENUE SHARING
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TAXING DISTRICT IMPACTS GENERAL
GOVERNMENT - Totals through FYE
2040
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General Government
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TAXING DISTRICT IMPACTS
EDUCATION – Totals through
FYE 2040
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Schools are funded through the State School Fund on a
per pupil basis: Urban Renewal indirectly impacts them.
EDUCATION – Totals
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Next Steps & Schedule
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1.
City Council hearing
July 10
2.
City Council vote
July 24
Presentation by Johnson Economics on the Hermiston North Urban Renewal Area in Umatilla County, discussing the role of the county, statutory limitations, projects, estimated costs, and the process for plan adoption.
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Presentation Transcript
HERMISTON NORTH URBAN RENEWAL AREA UMATILLA COUNTY PRESENTATION Johnson Economics
ROADMAP 1. Role of County 2. Background 3. Financial Capacity 4. Projects 5. Process and Schedule
ROLE OF COUNTY To be briefed on the urban renewal plan including the maximum indebtedness of the Plan. To review the taxing districts consult and confer letter from Hermiston City Council. Elaine Howard Consulting LLC
HOW IS A PLAN ADOPTED? Public Input Agency Reviews and decides whether to send out for public review Agency County Presentation Planning Commission Review Conformance with Comprehensive Plan PC City Council Hearing and Vote Notice to all Citizens CC Elaine Howard Consulting LLC
BOUNDARY 1st Street (395) Elm Avenue (Highway 207) Elaine Howard Consulting LLC
STATUTORY LIMITATIONS Acres Assessed Value A. City of Hermiston Downtown Urban Renewal District B. Southwest Hermiston Urban Renewal District C. North Hermiston Urban Renewal District D. Total Acreage/Assessed Value in URDs E. Excess Value F. City of Hermiston % of City Acreage =(D/F) % of City Assessed Value =(D/(F-E)) 125.2 $42,262,899 392.8 $3,121,349 $57,095,267 $102,479,515 $16,832,001 $1,262,014,564 102 620 5,402 11.48% 8.23% Elaine Howard Consulting LLC
PROJECTS New East West Street: NE Aspen Drive Signal at N 1st Street/Aspen Drive Extension of NE North Street to NE Aspen Drive New water line along NE Aspen Drive ROW Acquisition Elaine Howard Consulting LLC
ESTIMATED COSTS OF PROJECTS Constant FYE 2023 $ Year of TIF District Projects Expenditure $1 NE Aspen Drive & NE North St. Street Improvements Water Line Improvements (NE Aspen Drive) Traffic Signage and Signaling Construction Contingencies Property Acquisition Administration Project Contingency (15%) TOTAL: $815,250 $898,813 $161,750 $178,329 $1,608,000 $1,020,000 $208,000 $10,000 $561,950 $4,384,950 $1,772,820 $1,124,550 $229,320 $11,205 $619,550 $4,834,407 Elaine Howard Consulting LLC
FINANCIAL FORECASTING Total Net TIF Maximum Indebtedness Capacity (2023$) Years 1-5 Years 6-10 Years 11-15 Year 16 $6,162,000 $5,000,000 $4,385,000 $3,422,000 $937,000 $17,000 $11,000 Elaine Howard Consulting LLC
REVENUE SHARING Elaine Howard Consulting LLC
REVENUE SHARING FYE Total AV Frozen Base AV Incremental AV Incremental AV Tax Revenue from Shared Used Shared 57,095,267 60,808,125 62,632,369 64,511,340 66,446,680 72,190,081 74,355,783 76,586,457 78,884,050 81,250,572 87,438,089 90,061,232 92,763,069 95,545,961 98,412,340 105,114,710 108,268,151 111,516,196 114,861,682 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 57,095,267 - - - - - - - - - - - - - 2023 (Base Year) 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 TOTAL: 5,537,102 7,416,073 9,351,413 15,094,813 17,260,516 19,491,189 21,788,783 24,155,305 29,054,270 29,710,055 30,385,515 31,081,238 31,797,832 33,473,425 34,261,785 35,073,796 14,101,412 3,255,909 5,282,287 7,369,456 9,519,240 14,546,018 16,911,099 19,347,132 43,665,002 56,872 92,268 128,725 166,276 254,081 295,393 337,944 762,714 $1,331,560 Elaine Howard Consulting LLC
TAXING DISTRICT IMPACTS GENERAL GOVERNMENT - Totals through FYE 2040 Umatilla County (988,767) City of Hermiston (2,112,369) Umatilla County Fire District (607,409) Port of Umatilla (53,435) County Radio (59,028) Cemetery District (32,011) Mosquito Control (70,179) Subtotal (3,923,197) Elaine Howard Consulting LLC
General Government FYE General County City of Hermiston Port of Umatilla Umatilla County Fire District 1 County Radio District Cemetery District 8 W. Umatilla Mosquito Control Subtotal General Gov't 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 TOTAL: - - - - - - - (14,594) (19,765) (24,941) (40,155) (46,090) (52,055) (58,199) (64,528) (80,930) (79,507) (81,262) (83,123) (85,039) (89,483) (91,628) (77,468) (988,767) (2,112,369) (53,435) (607,409) (31,178) (42,226) (1,068) (53,283) (1,348) (85,786) (2,170) (98,466) (2,491) (111,210) (2,813) (124,335) (3,145) (137,855) (3,487) (172,895) (4,374) (169,856) (4,297) (173,606) (4,392) (177,580) (4,492) (181,674) (4,596) (191,169) (4,836) (195,750) (4,952) (165,500) (4,186) (789) (8,965) (12,142) (15,321) (24,668) (28,314) (31,978) (35,752) (39,640) (49,716) (48,842) (49,920) (51,063) (52,240) (54,970) (56,288) (47,589) (871) (1,180) (1,489) (2,397) (2,752) (3,108) (3,474) (3,852) (4,831) (4,746) (4,851) (4,962) (5,077) (5,342) (5,470) (4,625) (59,028) (472) (640) (807) (1,300) (1,492) (1,685) (1,884) (2,089) (2,620) (2,574) (2,631) (2,691) (2,753) (2,897) (2,966) (2,508) (32,011) (1,036) (1,403) (1,770) (2,850) (3,271) (3,695) (4,131) (4,580) (5,744) (5,643) (5,768) (5,900) (6,036) (6,351) (6,503) (5,498) (70,179) (3,923,197) (57,905) (78,425) (98,959) (159,325) (182,876) (206,544) (230,922) (256,031) (321,110) (315,465) (322,429) (329,811) (337,414) (355,050) (363,557) (307,374) Elaine Howard Consulting LLC
TAXING DISTRICT IMPACTS EDUCATION Totals through FYE 2040 Education Service District Blue Mountain Community College (213,668) (229,462) Hermiston School District 8 Subtotal (1,695,130) (2,138,260) Total (6,061,457) Schools are funded through the State School Fund on a per pupil basis: Urban Renewal indirectly impacts them. Elaine Howard Consulting LLC
EDUCATION Totals FYE Hermiston School District 8 Intermountain E.S.D. Blue Mountain CC Subtotal (Education) Total (Govt. and Education) 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 TOTAL: - - - - - (25,019) (33,886) (42,758) (68,841) (79,017) (89,243) (99,776) (110,626) (138,745) (136,306) (139,315) (142,504) (145,789) (153,409) (157,085) (132,810) (1,695,130) (3,154) (4,271) (5,390) (8,677) (9,960) (11,249) (12,577) (13,944) (17,488) (17,181) (17,560) (17,962) (18,376) (19,337) (19,800) (16,740) (213,668) (3,387) (4,587) (5,788) (9,319) (10,696) (12,080) (13,506) (14,975) (18,781) (18,451) (18,858) (19,290) (19,735) (20,766) (21,264) (17,978) (229,462) (31,560) (42,744) (53,936) (86,837) (99,673) (112,573) (125,859) (139,545) (175,014) (171,938) (175,734) (179,757) (183,901) (193,513) (198,150) (167,528) (2,138,260) (89,465) (121,168) (152,895) (246,163) (282,549) (319,117) (356,781) (395,576) (496,124) (487,403) (498,163) (509,568) (521,315) (548,562) (561,707) (474,902) (6,061,457) Elaine Howard Consulting LLC
Next Steps & Schedule 1. City Council hearing July 10 July 24 2. City Council vote Elaine Howard Consulting LLC
