Forward New Richmond Committee

Forward New Richmond Committee Meeting Agenda Wednesday, October 16, 2024 at 12:00 PM Council Chambers Page 1. CALL TO ORDER 2. ROLL CALL 3. ADOPTION OF AGENDA 4. CONSENT AGENDA a. Minutes from Sept. 24, 2024 Meeting 2-3 Forward New Richmond Committee Minutes - Sep 24, 2024 b. Community Development Updates 4 Community Development Updates - FNR October 2024 - Pdf c. General City Updates 5-8 Memo: General City Updates - September / October 5. NEW BUSINESS a. Survey Results - FNR Top Priorities 9 Survey Rankings - Pdf b. Affordable Housing 10 - 21 Memo: Affordable Housing 6. COMMUNICATION AND MISCELLANEOUS 7. ADJOURNMENT  Forward New Richmond Committee Meeting Minutes Tuesday, September 24, 2024 at 12:00 PM Council Chambers The Forward New Richmond Committee was called to order on Tuesday, September 24, 2024, at 12:00 PM, in the Council Chambers, with the following members present: PRESENT: Ryan Shervey, Carrie Borgstrom, Kent Elkin, Aaron Sundeen, Joe Green, Liz Pizzi, Bryan Knutdson, Mike Montello, and Pete Kling ABSENT: OTHERS Noah Wiedenfeld, Ron Volkert, Pete Vrieze, Tyson Lyeck, Melissa Meschke, PRESENT: Beth Thompson, Sadie Vance ROLL CALL ADOPTION OF AGENDA Mike Montello made a motion to approve the agenda as presented. Ryan Shervey seconded the motion. Carried unanimously. CONSENT AGENDA Mike Montello made a motion to approve the consent agenda as presented. Ryan Shervey seconded the motion. Carried unanimously. Mike Montello made a motion to enter into Closed Session (Pete Kling and Aaron Sundeen did not attend Closed Session). Bryan Knutdson seconded the motion. Carried unanimously. CLOSED SESSION Closed Session per Wis. Stat. 19.85(1)(e) Deliberating or negotiating the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session. a. Sale of Land: Tax ID #261-1070-44-428 (east side of St. Croix Avenue, south of Goodwill) Liz Pizzi made a motion to go into Open Session. Joe Green seconded the motion. Carried unanimously. OPEN SESSION - ACTION ON CLOSED SESSION AGENDA Forward New Richmond Committee Meeting September 24, 2024 Liz Pizzi made a motion to recommend to the City Council as discussed in Closed Session. Joe Green seconded the motion. Carried unanimously. PAST, PRESENT AND FUTURE OF FORWARD NEW RICHMOND Noah Wiedenfeld provided an open discussion overview of the past, present and future of Forward New Richmond.  Late 1980's the Industrial Development Commission was formed  1999 Economic Development Commission  May 2018 Forward New Richmond  All Committees reported to City Council and Mayor  Follow City Ordinance Section 2-139: 9 members, 1 member of Common Council and 8 citizens  Members present shared ideas, needs, and visions on what they believe should be priorites for economic development in New Richmond. o Collaboration o Forward Vision o Business Thinking, be pro-active, not re-active o Share Resources-Business Grants-Low Interest Business Loans o Development should be planned o Follow or update the Comprehensive Plan o Infrastructure is very important to ensure it can and will support new development o Know what types of Economic Development is happening in and around the City and in surrounding states o Focus on the Businesses who are here and keep them here - Business Retention and Expansion o Northwood Technical College-skilled students, hire and keep local o Focus on Student Housing for Northwood Technical College o Affordable Housing o Work Force Housing o Focus on Downtown Revitalization-Attract People Downtown-Shop-Eat-Live Music- Heart of the Community o Need Action Plans Based on the conversation from the FNR committee, Beth will be sending out a survey to rank economic development priorites for the future. COMMUNICATION AND MISCELLANEOUS No communications or miscellaneous. ADJOURNMENT Carrie Borgstrom made a motion to adjourn. Ryan Shervey seconded the motion. Carried unanimously. Forward New Richmond Committee Meeting September 24, 2024  MEMO Prepared for: Forward New Richmond Staff Contact: Beth Thompson Meeting: Forward New Richmond Committee - 16 Oct 2024 Subject: Community Development Updates - October 2024 BACKGROUND INFORMATION: Building / Zoning Updates – September 30, 2024: Number of Building Permits - 275 Number of New Dwelling Units - 66 Number of Inspections - 995 Residential Construction Value - $19,138,509.00 Commercial Construction Value - $23,224,397.00 Building Permit Fees - $314,989.00 Occupancy Updates For the month of September, the building inspector has given occupancy to six single-family homes. Progress continues on Francois Fields with continued development for Fox Fun. New homes are continuing at Woodland Creek, Meadow Crossing, Avondale and Gloverdale. Economic Development I attended one day of the WEDA (Wisconsin Economic Development Association) conference on September 26, which was held in Eau Claire. This was their Fall Best Practices Conference and they had good presenters and information. This is a great event to network and learn about other communities economic development efforts. Ribbon Cuttings On September 19, there was a ribbon cutting for New Richmond Martial Arts, which is located at 118 Homestead Drive. On September 24, there was a ribbon cutting for the New Richmond Masonic Lodge, which is located at 109 E. 2nd.  MEMO Prepared for: Forward New Richmond Staff Contact: Beth Thompson Meeting: Forward New Richmond Committee - 16 Oct 2024 Subject: General City Updates - October BACKGROUND INFORMATION: The Forward New Richmond Committee has requested a standard agenda item for all meetings called "General City Updates". New updates from September are below: Library  The Official Groundbreaking Ceremony for the new Library was held on Friday, September 27, 2024 at 11:00 a.m. There was well over 100 citizens in attendance, with a story hour ahead of the ceremony. (See photos below). Projects  A building permit was given for a project directly north of Ellicott Dredge. This project is on a 4 acre site and will house 7 storage units.  A building permit was given for St. Croix Automotive, which is being built north of Culvers. You will also see a new road being constructed out to Paperjack. October City Council Meeting Agenda items include:  Petition for annexation for parcel ID #026-1007-10-002, located in red on the map below.   A CSM to create a new lot off of Rounds Avenue  Zoning amendments As of October 8, 2024 the City does not have any new applications for development. ATTACHMENTS: GB Photos Page 2 of 4 Page 3 of 4 Page 4 of 4  MEMO Prepared for: Forward New Richmond Staff Contact: Beth Thompson Meeting: Forward New Richmond Committee - 16 Oct 2024 Subject: Survey Results - FNR Top Priorities BACKGROUND INFORMATION: At the September 2024 Forward New Richmond meeting, the committee consensus was to send out a survey and gather information on priorities for New Richmond's Economic Development Efforts. The results of the survey are as follows, number one being the top priority. 1. Afforable Housing 2. New Industrial Park 3. Downtown Revitalization 4. Business Retention and Expansion 5. Entrepreneurship / Start-Up Business Support 6. Small Business Support Strategies 7. Enhance Economic Development Marketing 8. Workforce Development Strategies 9. Public Transportation With this ranking in mind, FNR Committee can start discussions on their top priorties.  MEMO Prepared for: Forward New Richmond Staff Contact: Beth Thompson, Noah Wiedenfeld Meeting: Forward New Richmond Committee - 16 Oct 2024 Subject: Affordable Housing BACKGROUND INFORMATION: Affordable Housing was the top priority for FNR members when completing the survey. As part of the discussion at the October FNR meeting, City staff will present background information about the City's Affordable Housing Fund and solicit feedback from FNR regarding potential uses of these funds. As a bit of background information, in recent years the City Council authorized the closing of Tax Increment District (TID) Nos. 5, 6, and 8, with the final year of revenue collected allocated towards an Affordable Housing Fund, resulting in a balance in excess of $1 million which can be used for affordable housing initiatives. The City must use at least 75% of the funds to benefit affordable housing anywhere within the City. Affordable housing is defined as housing costing no more than 30% of the household's gross monthly income. The City Council, by resolution, identified broad categories for the utilization of the funds: property acquisition, rehabilitation, annexation, engineering, site prep, infrastructure and utility extensions, developer incentives and/or grants, programs, and marketing of housing developments. City staff then researched programs in other communities and solicited initial feedback from key stakeholders and grouped potential programs into three categories: development incentives, residential living grants, and rehabilitation/revitalization. Programs would be administered through the Community Development Authority (CDA). Included in the agenda packet are PowerPoint slides from a previous City Council meeting held in 2022,. ATTACHMENTS: Affordable Housing Presentation Slides 2022 Page 2 of 12 AFFORDABLE HOUSING FUND  New Richmond Studies Comprehensive Plan Housing Survey Financial Survey Page 3 of 12 GOALS NEEDS DATA › Development of non-traditional housing › Detached Single Family › Individuals under 29 need the greatest financial assistance when buying a house › Independent living for elderly people › Middle Housing › Largest barriers to providing affordable › High density multiple-family housing in › Senior Housing housing include rising prices, increase in convenient locations interest rates, lack of inventory and high buyer demand. › Downtown housing › Greatest help would be down payment › Revitalize older neighborhoods assistance › Revitalize historic and traditional housing › House rehabilitation assistance for low to moderate income homeowners  Background • Next 3 Years Page 4 of 12 TIDs • TID No. 5 ~ $360,000 • TID No. 8 ~ $400,000 • TID No. 6 ~ $540,000 • At least 75% of funds received from tax increment districts must Purpose of Fund be used to benefit affordable housing within the city. Affordable housing is defined as housing costing no more than 30% of the household’s gross monthly income. Current Programs • CDBG (Community Development Block Grant)  Community Development Authority Page 5 of 12 Authorities Responsibilities Goals & Objectives Empowered by City Council › Blight Elimination › Create and Maintain Jobs › CDBG › Community Development › Slum Clearance › Enhance the Tax Base Block Grant › Urban Renewal Programs and › Carry Out Housing Initiatives › Blight Elimination Projects › Purchase and Sell › Promote the General Welfare › Housing Projects of the Community Property of Beebe Building (TID 11) › Housing Projects › Bonding for Non-Profits Presbyterian Homes  Mission and Vision Statements Page 6 of 12 Mission Statement Vision Statement The City of New Richmond, in partnership with the Community Development Authority, strive to Provide resources and programs to ensure that every citizen, regardless facilitate affordable housing within the of their economic status, has safe, City of New Richmond. sustainable and affordable choices where they live to enable them to reach their fullest potential.  Fund Buckets Page 7 of 12 1 2 3 RESIDENTIAL REHABILITATION DEVELOPMENT LIVING AND INCENTIVES INITIATIVES REVITALIZING  FUND BUCKETS Waiving Permit Page 8 of 12 Fees/Impact Fees SURVEY FEEDBACK › Majority would develop affordable housing with local Project Community incentives Specific Benefit › Top incentive would be a Analysis Agreements reduction in impact fees DEVELOPER followed by a loan for site INCENTIVES preparation › Biggest challenges include development costs and the amount tenants and/or future homebuyers are able to pay Loan for Site Utility Preparation Connections  FUND BUCKETS First time homebuyer Page 9 of 12 down payment assistance loan LIVE & WORK NEW RICHMOND FEEDBACK › Some of their largest struggles in hiring are the competitive market, lack of applicants, type of work and pay RESIDENTIAL Security › Positive feedback from business Live & Work New Richmond LIVING Deposit within the community Assistance INITIATIVES › Majority of the businesses surveyed found interest in the program and would like additional information if this program is created › One suggestion is to create a rental assistance option Grow and Stay  FUND BUCKETS Neighborhood Page 10 of 12 Rehabilitation REHABILITATION Rental Curb Appeal Rehabilitation AND Program REVITALIZING Owner- Occupied Rehabilitation  Next Steps 1 Feedback from Mayor and Council Page 11 of 12 2 Additional staff research for implementing specific programs 3 Staff Recommendation to Mayor and Council 4 Mayor and Council vote on proposed programs 5 Implementation of programs  Thank You Page 12 of 12