CITY OF JANESVILLE City Council Meeting J June 11, 2012 11 2012
Resolution # 2012-909 Conveyance of Conveyance of 176 Lincoln Janesville Neighborhood Services J June 11, 2012 11 2012
Background Background As part of the City’s neighborhood As part of the City s neighborhood redevelopment efforts, the City Council approved the purchase of a vacant and approved the purchase of a vacant and blighted 2-unit structure at 176 Lincoln. The property was demolished and the City has been maintaining the vacant City has been maintaining the vacant lot.
Background Background The long term plan for the site was to The long term plan for the site was to offer it to a not-for-profit organization for the construction of a new single family the construction of a new single family home or to sell it to adjoining property owners owners. The lot is a corner lot with 66’ frontage The lot is a corner lot with 66 frontage by 125’ depth, which is standard for the area area.
Background Background City has an Agreement with the City has an Agreement with the Wisconsin Partnership for Housing Development to rehabilitate 5 homes Development to rehabilitate 5 homes and construct 1 new home under the Neighborhood Stabilization 3 Program Neighborhood Stabilization 3 Program. This site would be transferred to the Partnership for the construction of the Partnership for the construction of the new home with funding provided for in the existing NSP3 Agreement the existing NSP3 Agreement.
Background Background The Partnership has completed the The Partnership has completed the preliminary design of a two-story, 1,880 square foot home square foot home. The home would be constructed in the Th h ld b t t d i th Prairie style which is consistent with the character of the neighborhood. h t f th i hb h d
Analysis The property is suitable for residential The property is suitable for residential redevelopment. Redevelopment will add to the property Redevelopment will add to the property tax base. The construction of a new home is Th t ti f h i provided for in our existing NSP III A Agreement with the Partnership. t ith th P t hi The Prairie style is compatible with the neighborhood.
Analysis Analysis The redevelopment is consistent with The redevelopment is consistent with the Look West & 4 th Ward Neigh Revit Plan. & Comprehensive Plan, which call a & Co p e e s e a , c ca for: The revitalization of neighborhoods that have g experienced decline. The purchase of vacant, dilapidated, and tax-delinq. properties for rehabilitation and resale to increase properties for rehabilitation and resale to increase owner-occupancy and promote investment in existing neighborhoods.
Recommendation Recommendation The Neighborhood Services Department is recommending that the City Council is recommending that the City Council support a motion to approve Resolution 2012-909 authorizing the City Manager 2012-909 authorizing the City Manager to convey the property located at 176 Lincoln St to the Wisconsin Partnership Lincoln St. to the Wisconsin Partnership for Housing Development, Inc.
Need More Information? Need More Information? Please contact the Neighborhood Services Department Services Department. 755 3065 755-3065 www.ci.janesville.wi.us
CITY OF JANESVILLE City Council Meeting J June 11, 2012 11 2012
Resolution # 2012-919 NSP Developers Agreement NSP Developers Agreement 403 Lincoln Janesville Neighborhood Services J June 11, 2012 11 2012
Background Background As part of the Federally funded NSP As part of the Federally funded NSP Program, the City has acquired 12 vacant foreclosed properties for vacant, foreclosed properties for rehabilitation or blight elimination purposes purposes. Two homes have been resold and the sale proceeds are now available to sale proceeds are now available to undertake additional projects.
Background Background The property at 403 Lincoln is a vacant The property at 403 Lincoln is a vacant, tax delinquent property with an outstanding Community Development outstanding Community Development Block grant loan. The property’s heirs have offered the property at no cost in exchange for property at no cost in exchange for forgiveness of the CDBG loan.
Background Background The property is: The property is: 2-unit residential property Contributing structure in Old Fourth Contrib ting str ct re in Old Fo rth Ward Historic District 1,596 sf home 1 596 f h 1 Block from 4 th Ward Park 1 Block from NSP 3 Project at 410 Johnson and next door to NSP Project at 407 Lincoln.
Background Background The Wisconsin Partnership for Housing The Wisconsin Partnership for Housing Development has expressed a willingness to rehabilitate the property willingness to rehabilitate the property. Rehabilitation would involve the full Rehabilitation would involve the full conversion of the home back to a single family residence with funding single-family residence with funding provided through a Developer’s Agreement Agreement.
Analysis Funding is available through the sale of Funding is available through the sale of other NSP properties to undertake an additional project at this time additional project at this time. The CDA has recommended the Th CDA h d d th satisfaction of the CDBG loan and the rehabilitation of the home as owner- h bilit ti f th h occupied.
Analysis Analysis The redevelopment is consistent with The redevelopment is consistent with the Look West & 4 th Ward Neigh Revit Plan. & Comprehensive Plan, which call a & Co p e e s e a , c ca for: The revitalization of neighborhoods that have g experienced decline. The purchase of vacant, dilapidated, and tax-delinq. properties for rehabilitation and resale to increase properties for rehabilitation and resale to increase owner-occupancy and promote investment in existing neighborhoods.
Analysis Analysis The Wisconsin Partnership for Housing Development has 20 years of housing Development has 20 years of housing development experience, has knowledgeable staff and has the knowledgeable staff, and has the experience to ensure compliance with NSP program NSP program.
Recommendation Recommendation The Neighborhood Services Department is recommending that the City Council is recommending that the City Council support a motion to approve Resolution 2012-919 authorizing the City Manager 2012 919 authorizing the City Manager to enter into a Developer’s Agreement with the Wisconsin Partnership for with the Wisconsin Partnership for Housing Development, Inc. for the purpose of rehabilitating 403 Lincoln St. purpose of rehabilitating 403 Lincoln St.
Need More Information? Need More Information? Please contact the Neighborhood Services Department Services Department. 755 3065 755-3065 www.ci.janesville.wi.us
CITY OF JANESVILLE City Council Meeting J June 11, 2012 11 2012
Recommend
More recommend
