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Economic Improvement District Presentation November 6, 2014

Economic Improvement District Presentation November 6, 2014

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Page 1: Economic Improvement District Presentation November 6, 2014

Economic Improvement District Presentation

November 6, 2014

Page 2: Economic Improvement District Presentation November 6, 2014

MMDA Mission Statement

The MMDA exists to promote a cooperative business environment in downtown Medford as a regional center, working together to enhance, support and advocate for businesses in the downtown area. In other words, the MMDA has two primary goals: increase participation and cooperation of businesses in the downtown area and bring foot traffic back to the district.

Page 3: Economic Improvement District Presentation November 6, 2014

Creating A Vibrant Downtown

• Comprehensive Consistent Marketing

• Progressive Events

• Holiday Lights• Flower Baskets• Maintenance

Page 4: Economic Improvement District Presentation November 6, 2014

One West Main

Our New Neighbors

Page 5: Economic Improvement District Presentation November 6, 2014

The bar has been raised and it is imperative that we make sure that the core of downtown is as well maintained, as vibrant, as beautiful and marketed as well as the Commons and One West Main.

Welcome to Metro Medford.

Page 6: Economic Improvement District Presentation November 6, 2014

Keeping pace with changing times

There’s a new story to tell our community about Metro Medford our Downtown Business District and creating awareness and consistent communication about all that is taking place is critical to our success. We need ongoing and cooperative marketing that will make downtown “top of mind”

Page 7: Economic Improvement District Presentation November 6, 2014

The MURA Grant

The HMA received a $50,000 grant from the Medford Urban Renewal Agency in July 2012

The grant was awarded in order for us to develop a strong brand and then to utilize that brand to “Market” the new district as Metro Medford.

This needs to be much more than a$50,000 band-aid for us to truly succeed. This was a starting point

Page 8: Economic Improvement District Presentation November 6, 2014

We know where we want to go…but how do we get there?

The exciting and necessary changes we need to keep us “in the game” and to realize the vision we all share for downtown requires stable, adequate funding.

The EID is the answer.

Page 9: Economic Improvement District Presentation November 6, 2014

The first pass at creating an EID

We were 3% over the threshold for the EID to pass.

The REASONS: In spite of town hall meetings and numerous

mailings, property owners simply respond with questions or concerns.

The City mailing got their attention – but property owners still were unclear about why we needed this revenue and how it would be used.

Page 10: Economic Improvement District Presentation November 6, 2014

Overcoming Obstacles

Meeting with property owners one on one

Advisory panel sharing info one property owner to another

Reversing property owner objections

Page 11: Economic Improvement District Presentation November 6, 2014

EID Advisory Panel

Scott Henselman

Phyllis Nelson

Mark De Boer

Rolar Yondorf

John Duffie

Sally Densmore

Fred Robinson

Jeff Hall

Page 12: Economic Improvement District Presentation November 6, 2014

Testimonials “ It’s time for the EID. You have the support of all my

properties and those I manage for property owners”, Scott Henselman

“While the amount charged to property owners will be minimal, the collective impact will allow Metro Medford to effectively do the things needed to make downtown an inviting, vibrant place to do business. I have been part of EID and BID projects in other communities and all have seen strong improvement in the merchantability of their historic downtowns after the creation of the district. ”, Randy Mc Kay – Jefferson Live!

“With MURA sun setting it’s time for others to pick up the ball and continue the positive momentum. The EID is a logical path for stakeholders to come together and pool resources for efficiency”, Rolar Yondorf

Page 13: Economic Improvement District Presentation November 6, 2014

EID Proposed Zones

The proposed economic improvement district is broken into two zones.

The larger Zone 1 includes most properties from 4th to 10th, the Creek to Fir Street, with the additional Main and 8th Street blocks from Fir to Holly.

Zone 2 is an overlay district that would encompass what is commonly referred to as the downtown core – Main Street from Bear Creek to Front and Central from 6th to 8th Street. A map is enclosed for your reference.

Page 14: Economic Improvement District Presentation November 6, 2014

Proposed Assessment Values

MMDA is proposing that property owners be assessed annually:

0.10 cents per gross square foot of property in Zone 1

0.15 cents per gross square foot of property in Zone 2

$2000 cap on any one property

$500 cap on any property owned by a non profit

This assessment is anticipated to raise approximately $316,946 over the 3 year period.

Page 15: Economic Improvement District Presentation November 6, 2014

EID Scope Of Work

January 2015 - December 2017

Beautification Programs District Maintenance Administrative Cost - District

Management Marketing, Promotion and Events

Total Budget $316,946

Page 16: Economic Improvement District Presentation November 6, 2014

Beautification

Seasonal Hanging flower baskets in core district

Holiday lights, decorations, wreaths, holiday scenery down Main Street to be enhanced each consecutive year

Decorative amenities such as bike racks, benches, trash receptacles and flower planters

Page 17: Economic Improvement District Presentation November 6, 2014

District Maintenance

Materials and labor for maintenance of the following items:

Cleaning, watering, maintenance of tree wells, removal and replacement of seasonal plants, cleaning and maintenance of trash receptacles, bike racks, benches, pressure washing sidewalks.

Maintenance of street banners and future way finding signage.(may not be required during initial 3 year period)

Page 18: Economic Improvement District Presentation November 6, 2014

Marketing, Promotion & Events

New and ongoing comprehensive marketing of the Metro Medford district.

Integrated marketing using traditional media & social media to create top of mind awareness.

Development and production of signage and printed materials. Maintenance and expansion of the Metro Medford website as a tool to promote downtown.

Creation and expansion of progressive events that bring foot traffic downtown, position downtown as a cultural tourism destination and create a new perspective and experience.

Page 19: Economic Improvement District Presentation November 6, 2014

Scope of Work and Budget

Item Percentage Budget

Beautification programs

25% $75,275

District Maintenance

20% $60,220

District Management

20% $60,220

Marketing, Promotion & Events

35% 105,384

Sub Total 100% $301,099

City Administrative Fee

5% $15,847

Total $316,946

Page 20: Economic Improvement District Presentation November 6, 2014

The Next Steps

Property owners will receive an official letter from the City at least thirty (30) days prior to each scheduled public hearing.

The first public hearing will deal with the establishment of an EID.

The second hearing allows the City Council, after hearing from property owners, to proceed or not to proceed with the EID.

Page 21: Economic Improvement District Presentation November 6, 2014

Questions, feedback, comments

Contact:

Diane Bentley Raymond

MMDA Executive Director

Tel. 541.521.1893

Email [email protected]