Planning & Economic Development Department Planning & - PowerPoint PPT Presentation

FY2021 Budget 4-21-20 Planning & Economic Development Department

Planning & Economic Development - Highlights New Companies/Businesses to Saco Hancock Lumber $10M investment, 30,000 SF, 30 employees A Duie Pyle $15M investment, 33,500 SF, 40 employees ConvenientMD $3M investment, 5,200 SF, 35 employees Ashley Lauren Designs $7M investment, 15,000 SF Nikel/ $10M investment, 35,000 SF, 75 employees Precision Manufacturing Ready Seafood $15M investment, 49,000 SF, 200 employees Quince $1M investment, 9,500 SF, 7 employees

Planning & Economic Development - Highlights Business Expansions & Residential Development Maine Molecular Quality Controls 35,000 sf addition Lunder Manufacturing 19,000 sf addition Patriot Subaru 2 small additions/parking Fogg Estates 14-lot residential subdivision

Planning & Economic Development - Highlights Projects & Initiatives Zoning Ordinance Revision (completion by October 2020) Business Outreach & Visitation Program  Business letters & surveys sent; visitation postponed after Covid-19 restrictions lifted Credit Enhancement Agreements  Biddeford Saco Dental (Foresite Realty, LLC)  Quince (Baxter & Cutts, LLC)  A. Duie Pyle (in process) COVID-19 Emergency Loan Fund (launching TODAY!) Downtown Façade Grant Program Market Analysis Comprehensive Plan Update (RFP slated to be released end of the week)

FY2021 Budget KEY Costs & Savings Comprehensive Plan - $150,000  FY21 General  NO increase to FY21 Budget. $50,000 in FY20, Fund decreased $50,000 in FY21 (no increase to contracted from FY20 services); $50,000 from FY21 TIF Budget Pro-rated Salaries – $149,779  Pro-rated Salaries  Decrease from FY20 Salaries line, proposed by out of TIFs City Administrator to be funded from TIFs  Projects/Programs/ Projects/Programs/Capital - $3,142,756 Capital funded  FY21 TIF Budget allocations to projects, programs, from TIFs outside agencies, capital

Strategic Direction Plan (2020-2023) Focus Areas and Adopted Council Goals

FY21 Proposed TIF Budget Roads (bond payment pro-rated) $110,000 Econ. Development Salaries (pro-rated) $149,779 Sewer (bond payment pro-rated) $175,653 Firetruck Equipment (pro-rated) $ 75,900 Downtown Traffic & Infrastructure $200,000 Downtown Streetscapes $100,000 Sewer Upgrade (earmark for) $200,000 Spring Hill Rd. Rehab (grant match) $112,500 Transportation Center (upgrades) $100,000 Fire Communications Tower $ 60,000* (*$200,000 in the FY20 TIF Budget)

FY21 Proposed TIF Budget New Business Park Development $495,000 Business Park Signage $135,000 Industrial Park Sidewalks $100,000 Eastern Trail $ 35,000 Cascade Falls Trail Bridge Replacement $ 60,000 Riverwalk Trail $ 60,000 Trail Network Improvements $ 15,000 Transit Bus Stops (Route 1) $ 40,000

FY21 Proposed TIF Budget Shuttlebus / Transit $200,000 Saco Main Street $ 71,000 Biddeford Saco Chamber $ 10,000 Southern ME Finance Agency $ 9,000 Comprehensive Plan (partial fund) $ 50,000 Parking Study $ 40,000 Downtown Grant Program $ 20,000 Proposed Changes to FY21 TIF Budget Downtown Façade to Grants/Loans/Projects $150,000 Parking Garage to COVID-19 Emergency Loan $200,000 Defer Fire Station Bond Payment ($168,924)