HomeMy WebLinkAboutFY27 - Urban Renewal Action Plan - North ParkNORTH PARK URBAN RENEWAL DISTRICT
FY2026 ANNUAL REPORT
and FY2027 WORK PLAN AND BUDGET
FY2028 WORK PLAN AND BUDGET
Goals of the North Park Urban Renewal District Plan
GOAL 1: Promote Economic Development, with a Focus on Value-Adding Commerce
Rationale: Value-adding commerce strengthens the community, opens reinvestment
opportunities, supports livable wage jobs, and provides for economic needs of the citizens,
helping to eliminate conditions that contribute to blight.
GOAL 2: Invest in Efficient Delivery of Public Infrastructure
Rationale: Infrastructure is the backbone of the community. Private development typically
requires a corresponding public investment in infrastructure. Capital improvements in the
district will help achieve economic vitality and address conditions that contribute to blight.
GOAL 3: Support Planned Urban Density and Design
Rationale: Higher density achieves greater efficiency in the delivery of public services. Live-work
opportunities can reduce or eliminate commute times, lower transportation costs and create
vitality and a sense of community. Design elements such as open space and pedestrian facilities
promote recruitment of value-adding businesses interested in quality of life for their
employees.
North Park Urban Renewal District (NPURD)
FY2026 Annual Report (July 1, 2025 to June 30, 2026)
Highlights of investments are documented below.
Professional Services $15,000
Outside legal costs and third-party review of development agreements.
North Park Urban Renewal District (NPURD)
FY2027 Work Plan (July 1, 2026 to June 30, 2027)
Professional Services $150,000
We are expecting a developer-led infrastructure investment with significant future bonding.
North Park Urban Renewal District (NPURD) FY2028 Work Plan (July 1, 2027 to June 30, 2028)
Professional Services $150,000
We are expecting a developer-led infrastructure investment with significant future bonding.