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HomeMy WebLinkAboutResolutions - 1985.03.27 - 11071MISCELLANEOUS RESOLUTION NO. 851 07 DATE: March 28, 3985 BY: PUBLIC SERVICES COMMITTEE, James E. Lanni, Chairperson IN RE: COMMUNITY DEVELOPMENT DIVISION - Community Selection Criteria for the Commercial Assistance Program (CAP) TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen WHEREAS, Oakland County has been a recipient of Community Development Block Grant funds from the U.S. Department of Housing and Urban Development since 1974 and has operated a residential rehabilitation program since 1976; and WHEREAS, the U.S. Department of Housing and Urban Development has established procedures allowing Community Development Block Grant recipients to draw (in one lump sum) the funds designated for property rehabilitation in their approved CDBG application in order to establish a Rehabilitation Leveraging Fund with a private financial institution; and WHEREAS, the County of Oakland by Miscellaneous Resolution #82283 of September 21, 1982 adopted the basic concept of utilizing Community Development Block Grant funds to leverage private financial resources for the rehabilitation of residential and commercial property; and WHEREAS, the County of Oakland by Miscellaneous Resolution #83034 of February 24, 1983 approved the creation of a commercial rehabilitation financing program with Community Development Block Grant funds and authorized the Community Development Division to solicit lenders for a financial leveraging agreement; and WHEREAS, the County of Oakland by Miscellaneous Resolution #84239 of August 30, 1984 approved the Rehabilitation Leveraging Agreement with Manufacturers National Bank of Detroit for a program of financing commercial property rehabilitation; and WHEREAS, the 48 communities participating in the County's Community Development Block Grant program through Miscellaneous Resolution #84211 of July 26, 1984 were invited on January 18, 1985 to submit proposals to participate with the County in the Commercial Assistance Program (CAP); and WHEREAS, the Community Development Division has received proposals from 17 communities; and WHEREAS, the Community Development Division has developed CAP goals and objectives (Attachment A), recommended the targeting and allocation of CAP funds (Attachment B), defined "commercial business district" (Attachment C), prepared CAP community evaluation and selection criteria (Attachment D), and developed individual CAP rehab project review criteria (Attachment E); and WHEREAS, the Community Development Citizens Advisory Council has recommended approval by unanimous vote of Attachments A, B, C, D, and E NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners adopts the CAP goals and objectives specified in Attachment A; approves the targeting and allocation of CAP funds described in Attachment B; adopts the definitions for commercial business district outlined in Attachment C; approves the CAP community evaluation and selection criteria recommended in Attachment D; and adopts the individual CAP rehab project criteria specified in Attachment E. BE IT FURTHER RESOLVED that the Community Development Division be directed to utilize the community evaluation criteria to select CAP target communities with final approval to be made by the Oakland County Board of Commissioners. BE IT FURTHER RESOLVED that upon final selection of the CAP target communities, the Public Services Committee will receive regular quarterly reports. BE IT FURTHER RESOLVED that the Community Development Division be directed to establish a recapture and reallocation process for CAP funds. Mr. Chairperson, on behalf of the Public Services Committee, I move the adoption of the foregoing resolution. PUBLIC SERVICES COMMITTEE COMMERCIAL ASSISTANCE PROGRAM INDEX TO ATTACHMENTS Attachment A Statement of Goals and Objectives Attachment B Rationale for Community Targeting and Funding Allocation Attachment C Commercial Business District Definitions Attachment D Community Evaluation and Selection Criteria Attachment E Individual Rehab Project Review Criteria ATTACHMENT A COMMERCIAL ASSISTANCE PROGRAM - Statement of Goals and Objectives The Commercial Assistance Program (CAP) is a new economic development public-private financing venture for Oakland County and reflects the growing recognition that business district revitalization should play a significant role in communities' economic development programs. CAP exists through the establishment of a commercial rehabilitation loan fund created by a Rehab Leveraging Agreement with Manufacturers National Bank of Detroit. Utilizing $350,000 in Community Development Block Grant (CDBG) funds, we expect to leverage an estimated total pool of $2,303,000 in public and private funds to provide below- market, fixed rate, 100% financing for property rehabilitation in selected commercial business districts. CAP was developed by the Oakland County Community Development Division in response to requests from the County's Community Development Block Grant participating communities for assistance in meeting commercial rehabilitation needs. The County's Planning Division has a long standing policy of providing planning as6stance to communities concerned with revitalizing older business districts. However, communities had noted the limited ability of commercial property owners (interested in rehab and downtown revitalization) to borrow funds at the high 1980-82 interest rates. Simultaneously, the Community Development Division was evaluating how it would take advantage of the CDBG regulations allowing for the lump-sum drawdown and deposit of rehabilitation funds. Utilization of the lump-sum deposit opportunity provided the county with a mechanism to initiate a commercial rehab program. In establishing CAP, Oakland County joins the ranks of a select group of urban counties which are utilizing their CDBG funds to leverage private bank resources to support commercial district revitalization. The goal of the Commercial Assistance Program is the physical and economic revitalization of business districts in Oakland County. CAP objectives are: • To encourage communities to develop and implement comprehensive business district revitalization programs; • To create a favorable economic climate in commercial business districts for private reinvestment; • To forge public-private partnerships among the County, local governments, merchants, property owners and financial institutions to accomplish commercial business district revitalization goals. Specifically, CAP will:* • Improve the visual image of commercial business districts through property rehabilitation; and • Provide incentives for private investment by offering below market rate financing assistance for the rehabilitation of commercial properties. *County Board resolution #83034, Attachment A, adopted 2/24/83. A-I ATTACHMENT B RATIONALE FOR COMMUNITY TARGETING IN THE COMMERCIAL ASSISTANCE PROGRAM Background - On 1/18/85, the 48 communities participating with the Community DevelopmeiTt Division in the Community Development Block Grant program were notified that the Commercial Assistance Program (CAP) had been officially authorized by the Board of Commissioners. $350,000 in CDBG rehab funds will be deposited with Manufacturers National Bank to leverage approximately $1,953,000 in private funds to create a total leveraged commercial rehabilitation loan pool of approximately $2,303,000 for low-interest, fixed rate commercial rehabilitation financing. Seventeen (17) communities responded with proposals expressing their interest in participating with the County in the new program -Village of Holly, Village of Oxford, City of Hazel Park, City of South Lyon, City of Ferndale, City of Huntington Woods, City of Rochester, City of Walled Lake, Village of Beverly Hills, Village of Milford, City of Farmington, City of Oak Park, West Bloomfield Township, Royal Oak Township, City of Berkley, Springfield Township and the Village of Ortonville. Twelve (12) of these 17 communities estimate that a total of $2,947,000 in commercial rehab work could be accomplished through CAP. (5 communities did not include any project cost estimates.) Community estimates range from a low of $42,000 to a high of $945,000. Recommendation OCCD, with approval from the Community Development Citizens Advisory Council, the Public Services Committee, and the County Board of Commissioners, will select 5-8 CAP communities (from among the 17 interested communities). The evaluation and selection criteria included i Attachment D will be utilized. Justification for Community Targeting A. Clearly, the rehab project costs ($2,947,000) estimated by just 12 of the 17 applicant communities exceed the available $2,303,000 by roughly $650,000. Because CAP funds are not sufficient to meet the projected demand for commercial rehab assistance, the program needs to be focused in some fashion. B. Since the goal of the Commercial Assistance Program is the economic and physical revitalization of business districts, it is essential for CAP funded projects to result in significant and substantial improvements which leave a positive visual impression, generate community and shopper enthusiasm, instigate additional commercial rehab activity, and signal economic potential to private investors and prospective entrepreneurs. CAP will produce the strongest community results if the funds are limited to 5-8 communities, rather than widely distributed to all 17 applicants. C. OCCD cannot nor should not prescribe a singular approach for the communities to use in helping us structure CAP for maximum local results. In effect, OCCD will need to design a modified CAP program to meet the individual needs, priorities and capabilities of each community and business district. As this is the first year for CAP and because every component of the program will develop incrementally, CAP will be most effective if OCCD staff energies can be directed to a limited number of communities which are "ready to go" and from which we'll have the most likelihood of solid results. To enable CAP to have the revitalizing impact we seek, it is important to select communities in which business district revitalization is a high public priority, has received planning attention, and has generated private sector interest. B-1 Recommendation - 85% of the leveraged commercial rehab loan pool (approximately Si, 957,550) will be directed to property owners and merchants located in the targeted business districts of the designated CAP communities. Individual community funding allocations will be negotiated in May when the Community Development Division and each selected CAP community execute a Letter of Agreement. The individual community funding allocations will be determined by the local estimates of need and interest in commercial property rehabilitation, and the availability of funds. Merchants and property owners in the designated CAP commercial business districts will have 18 months to take advantage of CAP financing. Performance standards for the timely use of CAP funds will be incorporated into each Letter of Agreement. The remaining 15% (approximately $345,450) of the leveraged pool of funds will be available to outstanding, individual commercial rehab projects located in the business districts of only those communities which applied for, but were not selected as the CAP target communities. Depending on the final number of CAP communities, individual commercial rehab projects will become eligible for CAP financing in the order of their community's ranking from the CAP community selection process. Starting with the next highest rated community (after the CAP cut-off) and proceeding in rank order, CAP funds will be allocated to individual projects, up to a maximum of 3 projects per community. In this fashion, we expect to assist 3-5 more communities in some way with their commercial revitalization plans, This will be particularly suitable for communities with just a few "live" projects or for the business district where the rehab of several buildings will really stimulate community and business enthusiasm for a more comprehensive effort. Individual CAP rehab project review criteria are included in Attachment E. Prior to executing the Letters of Agreement, the Community Development Division will establish procedure and criteria for the recapture and reallocation of communities CAP funds. These procedures will be triggered by insufficient community performance in using the CAP funds, the specifics of which will be detailed in each Letter of Agreement. ATTACHMENT C COMMERCIAL BUSINESS DISTRICT - Definition For purposes of the Commercial Assistance Program, the term "targeted business district" will be used in a generic fashion to refer to the following three types of commercial business districts: • Downtown/Main Street/Central Business District • Commercial Strip Corridor • Neighborhood Shopping Center A. Downtown/Wain Street"/Central Business District A downtown business district is a contiguous concentration of structures zoned and used primarily for retail and commercial enterprises, roughly 8-10 blocks square or 4-5 linear blocks long. The downtown is commonly located around the intersection of major thoroughfares or at the community's historical "crossroads". The central business district is usually comprised of a wide range of retail, office, civic, cultural and service establishments, and serves a market area beyond the actual legal boundaries of the community. It is often surrounded by an older residential neighborhood. The "Main Street" is usually perceived as the community's center. The downtown functioned as the historic center for trade, commerce, government, religion, transportation, and socializing. Downtown buildings normally date from the community's o.arly settlement and growth and may be important locally for historic, architectural or cultural reasons. As a collection, "Main Street" buildings are often similar in height, building material and design; they are characterized by a dominant architectural style; and the buildings can provide the area with a cohesive, visual image. Often, the facades of downtown buildings have been modernized or improved to such a significant degree that the original architectural quality is hidden. B. Commercial Strip Corridor This business district stretches along a heavily trafficked highway route and may lead to the traditional downtown district. For CAP purposes the business district should be limited to a one mile segment of the corridor. Although strip corridor businesses certainly serve the local market, they also capture a share of the regional consumer market due to their location along a heavily traveled highway route. The commercial strip corridor is characterized by: • mixed commercial uses (retail, office, service, light manufacturing, warehousing, and food/beverage) with a scattering of non-conforming residences, undeveloped land parcels, and vacant/deteriorating structures. The location and activity of the varied enterprises are a function of many individual decisions made incrementally over the past 30-40 years; and • a combination of contiguous and individual, noncontiguous structures of varied building styles and construction materials, dating primarily from the post World War II period; and C-1 * signage, setbacks, landscaping, parking and entrance/egress indicative of the kind of local land use regulations (currently inadequate) but commonly in use during the 40's and 50's. Such has resulted in poorly defined and inadequate off street parking, a cluttered and congested visual image, hazardous traffic conditions, unsightly storage of trash and supplies, and non-existent or poorly maintained landscaping. C. Neighborhood Shopping Center This type of business district evolved during the late 1950's to provide convenience goods and personal services for the day to day living needs of growing, suburban, residential areas. Planned, constructed, owned and managed as singular units, the neighborhood shopping center averages 50,000 square feet Space is leased to individual entrepreneurs which conform to the center's prescribed market mix. Parking for the customers of all tenants is provided. Adjacent to a residential area, the neighborhood shopping center is located on a major thoroughfare, often at the intersection with another commercial strip. As residential and economic growth expanded out from Detroit, community shopping centers and regional malls were constructed. Many neighborhood shopping centers are now showing their age. They must work to re-establish their role to successfully compete in the ever changing retail shopping center market. Shopping centers larger than 50,000 square feet will not be considered for CAP. C-2 ATTACHMENT 0 CAP COMMUNITY EVALUATION AND SELECTION CRITERIA (Sum maryY Following the 1/18/85 request for proposals distributed to all 48 participating CDBG communities, 17 communities notified the Community Development Division of their interest in participating with the County in CAP. Evaluation criteria and a point ranking system have been developed to select target business districts. The CAP coordinator will conduct a site visit and interview in each of the 17 communities to obtain the information by which CAP selections will be made. Communities will be provided with the evaluation criteria in advance of the site visits and will be asked to respond to the criteria during the interview. An additional application will not be required. A CAP Review Team comprised of representatives of the Oakland County Community Development, Planning and Economic Development staffs 'viii review the site visit field notes/documentation, assign points, determine whether the minimum 180 point threshold has been met, and rank order the communities. The details of the review process will be developed in the near future; a community appeal process will be established. The evaluation criteria are organized into 5 broad categories with specific performance measures noted under each. The 5 categories are: o Potential for Economic and Physical Revitalization o Community Need o Availability of Additional Financial Resources o Community's Capacity to Implement Program o Community's Commitment to Business District Revitalization These criteria include the community selection criteria previously approved in Miscellaneous Resolution #83034, of February 24, 1983. A maximum of 500 points will be awarded. A required minimum threshold of 180 points, specified throughout the 5 categories must be achieved for the community to attain their initial CAP community eligiblity status. Those communities achieving the highest number of points beyond the 180 point minimum threshold will be designated as CAP target communities, up to a maximum of eight (8'). 85% of CAP funds will be allocated to commercial rehab projects in the business districts of the communities selected for the Commercial Assistance Program. D-1 TOTAL 500 180 CAP COMMUNITY SELECTION CRITERIA Maximum # Minimum # of Points of Points Available Required . Potential for Economic/Physical Revitalization A. Geographic Targeting 20 5 B. Historic/Architectural Quality 20 — C. Commercial Development Potential 60 30 100 35 CDBG Eligiblity/Cornrnunity Need A. Benefit to Low/Moderate Income Persons 40 (40 - B. Slum/Blight 40 one or the other required) 80 40 ilL Availability of Additional Financial Resources A. Local Government Sources 70 30 B. Private Sector Resources 30 5 100 35 IV. Community's Capacity to Implement CAP A. General Program Administration 40 10 B. Design Review 25 5 C. Community Readiness 15 5 D. Private Sector Commitment 40 20 120 40 V. Community's Commitment to Business District Revitalization A. Existence of Plans/Policies 40 10 B. Comprehensiveness of Commercial Revitalization Program 60 20 100 30 D-2 1. POTENTIAL FOR ECONOMIC/PHYSICAL REVITALIZATION CAP target business districts should have sufficient strength and potential for economic/physical revitalization. The program will be directed to those business districts where the infusion of low interest rehab funds will help halt a cycle of decline and create the momentum and economic climate for further private investment. (100 points available; 35 required) A. Geographic Considerations - In what geographic area does the community propose to use the Commercial Assistance Program? (20 points available, 5 points required) 1. A single target business district. Is this target area o a downtown/"Main Street"/central business district; or (20 points) o a commercial strip corridor; or (15 points) o a neighborhood shopping center? (10 points) 2. Several target business districts with a priority ranking assigned to each. (5 points) B. Historical/Architectural Significance - Communities throughout the country have chosen the preservation of historic and architecturally important buildings as the cornerstone for successful business district revitalization plans. (20 points available; 0 required) Does the target business district have buildings and/or a district which are: 1. Listed in the National Register of Historic Places, the Michigan Register of Historic Sites, or a local register established by ordinance under Michigan law; or (20 points) 2. Eligible for listing on the National or Michigan Registers (as determined by the Michigan History Division/Secretary of State); or (15 points) 3. Valued locally and worthy of preservation without necessarily having the historical/architectural significance required for official designation; or (10 points) 4. Marked or placqued as a historic building by a local historical society or landmark commission? (5 points) D-3 I. POTENTIAL FOR ECONOMIC/PHYSICAL REVITALIZATION C. Commercial Development Potential - CAP will be most effective if it is "invested" in the business districts which possess some untapped potential for increased economic activity. (60 points available, any 30 points required) 1. Has a market study indicated a potential for expanded economic activity in the business district (retail, housing, office, etc.)? (0-5 points) 2. What level of private capital reinvestment has occurred in the proposed CAP business district in the last three years (as a % of the assessed valuation the CAP business district)? (0-5 points) 3. To what degree have the new businesses locating in the business district in the past 3-5 years flourished financially and attracted new customers. (0-5 points) 4. Has the business district lost any major tenant in the past three years? (0-5 points) 5. In the past 3-5 years, have any of the community's financial institutions moved to the business district or reinvested in their own property there? (0 or 5 points) 6. Is there a core of financially stable long term businesses which have remained in the district and plan to stay? (0-5 points) 7. Does the business district serve a growing area of the county (either because of residential development or new employment centers)? (0-5 points) 8. Are there any major institutional, recreational, cultural, educational, entertainment or tourist centers which attract potential customers from beyond the immediate market area? (0-5 points) 9. Has there been any net increase in the number of housing units (new or rehabed) in the business district or in the residential areas immediately adjacent? (0-5 points) D-4 POTENTIAL FOR ECONOMIC/PHYSICAL REVITALIZATION C. Commercial Development Potential (Continued) 10. What highway or road improvement projects are planned or expected which are likely to benefit the proposed business district? (0-5 points) 11. Has the local government relocated or expanded its operation in the proposed business district? (0 or 5 points) 12. What developers or major users have approached the community in the past year regarding a substantive reinvestment in the business district? (0-5 points) IL CDBG ELIGIBLITY - COMMUNITY NEED The area proposed for CAP must be eligible under the HUD Community Development Block Grant regulations. At least one of the following CDBG eligibility criteria must be met. (80 points available; 40 points required) A. The beneficiaries/users of the business district proposed for CAP must meet the county's minimum low/moderate income eligible population concentration threshold of 38.46%; or (0 or 40 points) B. The business district proposed for CAP must be a slum or a blighted/ deteriorated area or a deteriorating area as defined by state and local laws authorizing public action for purposes of slum and blight prevention and elimination. (HUD has ruled that it is not necessary for the area to be formally designated as an urban renewal area or as blighted, but evidence supporting such a slumfb)ight determination must be maintained in local files.) (0 or 40 points) Applicable State Laws (in order of strongest slum/blight language) 1. Public Act 344 (1945) - Blighted Area Rehabilitation Act This Act (commonly referred to as the urban renewal statute) defines blight and authorizes counties, cities, villages and townships to designate blighted areas; adopt plans for their rehabilitation; acquire, rehabilitate, clear, and dispose of real property; and utilize prescribed financing techniques for the exercise of these powers. "Blight" is defined as a portion of a municipality: • developed or undeveloped • improved or unimproved Characterized by: • obsolescence; • physical deterioration of structures; • improper division or arrangement of lots, ownership, streets and other open spaces; • mixed character and uses of structures; or • any other characteristics which endanger the health, safety, morals or general welfare of the municipality D-6 2. Public Act 255 (1978) - Commercial Redevelopment Act This Act (also known as the commercial tax abatement statute) authorizes cities, villages and townships to establish commercial redevelopment districts; defines commercial redevelopment districts as one or more parcels of property which are obsolete, cleared, vacant, or damaged due to fire, blight or a decline in commercial activity; and authorizes local government units to provide owners/leasees of facilities in such districts with an exemption from local ad valorem property taxes (for up to 12 years) when the facilities are constructed, replaced or restored, and when such improvements increase commercial activity, create or retain jobs. "Obsolete commercial property" is defined as commercial property, the condition of which is impaired due to changes in design, construction, technology, or improved production processes, or damage due to fire, natural disaster or general neglect. 3. Public Act 197 (1975) - Downtown Development Authority Act This Act authorizes cities, villages and towns'-lips to establish downtown development authorities (DDA's) in order to correct and prevent deterioration in downtown business districts and encourage historic preservation; and to designate a DDA's boundaries as the area in the downtown zoned and used principally for bus:ness. DDA's are granted broad powers with regard to planning for the economic development of the downtown business district. DDA's, with approval of the local governing body, may levy an ad valorem property tax (not exceeding 2 mills) in the downtown area, the proceeds from which are to be used only for the authority's daily operations and management. The DDA is also authorized to finance the costs of physical restoration or development of the downtown business district through bond issues and tax increment financing. Referring to the blight characteristics noted in the three above referenced statues, communities must prepare a "Statement of Findings of Blight" for the business district(s) proposed for the Commercial Assistance Program. Suggested documentation includes photographs and records of health/safety code violations, and declining property values. D-7 AVAILABILITY AND COMMITMENT OF ADDMONAL FINANCIAL RFSOURCES FOR COMMERCIAL DISTRICT IMPROVEMENTS Communities committed to revitalizing their business districts have successfully marshalled both public and private financing for their improvement programs. What is the community's 3 year track record in generating funds for public improvements and private reinvestment in the target business district? What is currently underway? What is planned? (100 points available; 35 required) A. Local Government Resources (70 points available; any 30 required) Does, has or will the local government: 1. Use CDBG or other local funds to inject an additional public subsidy into CAP projects and effectively lower interest rates? (0-10 points) 2. Use CDBG or other local funds for public improvements in the target business district (such as, but not limited to, street paving/reconstruction, underground utilities, sewers, lighting, parking, sidewalks, landscaping and streetscape furnishings)? (0-10 points) 3. Use CDBG or other local funds to provide property owners/tenants with free/low cost architectural design assistance for rehab plans? (0-10 points) 4. Use CDBG or other local funds to prepare a business district revitalization plan, market study, facade improvement design guidelines or parking plan? (0-10 points) 5. Use CDBG or other local public funds for professional staff to manage the business district revitalization program? (0-10 points) 6. Use the proceeds from a bond sale or the annual incremental tax revenue generated by the creation of a tax increment finance authority (under Public Act #450 - cities only) for such commercial redevelopment activities as land acquisition; street construction; parking, etc? (0-10 points) 7. Other local government efforts. (0-10 points) D-8 AVAILABILITY AND COMMITMENT OF ADDITIONAL FINANCIAL RESOURCES FOR COMMERCIAL DISTRICT IMPROVEMENTS B. Private Sector Resources (30 points available; any 5 required) 1. Do, have or will the financial institutions provide low interest loans for commercial rehab? (0-10 points) 2. Have the business district property owners agreed to the 2 mill ad valorem property tax available for the operation of a downtown development authority (staff salaries, design assistance, etc.)? (0-10 points) I To what degree do the community's major employers/business interests financially support the business district revitalization program? (0-10 points) IV. COMMUNITY'S CAPACITY TO IMPLEMENT CAP (120 points available; 40 points required) A. General Administration (40 points available; 10 points required) 1. At their own expense, will the community (public or private sectors) make available (or contract for) professional staff experienced in CDBG regulations, rehab program operations, and public/private financing to help with the on-going delivery and operation of CAP? (0-10 points available; 5 points required) 2. Has the local government administered a local housing or commercial rehab program in the past five (5) years? (0-5 points) 3. How well has the local government performed in spending its CDBG funds (FY 81 through FY 84)? (0-15 points available; 5 points required) 4. Does the community have or plan to hire a professional manager to direct the business district revitalization program? (0-10 points) B. Capability to Handle Rehab Project Design Review (25 points available; 5 points required) Does the community possess the internal staff capability (architect, landscape architect, planner, urban designer, chamber or DDA staff) or contract with a coordinating architect experienced in commercial rehab design guidelines to review proposed CAP improvement schemes rehab plans; or (25 points) 2. Does the community have an existing design review procedure which can be utilized for CAP projects, such as a local landmark commission or a DDA design review committee; or (15 points) 3. In the absence of either of the above, will the community establish some sort of local design review procedure to review CAP projects? (.5 points) D-10 C. Community Readiness (15 points available; any 5 required) IV. COMMUNITY'S CAPACITY TO IMPLEMENT CAP Has the community determined the level of interest in CAP - number of projects, estimated rehab cost? (0-5 points) 2. How did the community determine the level of potential interest in CAP? (0-5 points) 3. How many commercial rehab projects in the target business district are really "ready to go" this summer? (0-5 points) D. Private Sector Commitment to Commercial Revitalization (40 points available; any 20 points required) 1. What business associations serve the target business district? (0-5 points) 2. Does the downtown development authority utilize its 2 mill taxing authority to support its operation? (0-5 points) 3. In what way are the merchants/property owners involved in planning and directing the community's commercial revitalization effort (including preparation of the CAP proposal)? (0-5 points) 4. What percent of the business district property owners are absentee? (0-5 points) 5. What is the level of interest in CAP by target area businesses/merchants/property owners as indicated by letters of support? (0-5 points) 6. Is there a key private individual who will serve as the cheerleader and "salesman" for CAP? (0-5 points) D-11 IV. COMMUNITY'S CAPACITY TO IMPLEMENT CAP D. Private Sector Commitment to Commercial Revitalization (Continued) 7. In what ways are the local financial institutions and their staff involved in the commercial revitalization program? (0-5 points) 8. Does CAP have the support of local business associations as indicated by letters of support? (0-5 points) V. COMMUNITY'S COMMITMENT TO BUSINESS DISTRICT REVITALIZATION (100 points available; 30 required) A. Existence of Commercial Revitalization Plans and Policies - The availability of CAP loans provides communities with a financing tool to implement the business district revitalization strategy approved/endorsed by the local governing body and business groups. Has the community completed, or is it currently developing: 1. A comprehensive business district revitalization plan, including policies for commercial revitalization and recommendations for streetscape improvements and storefront rehabilitation? (40 points available; 10 pts required including 1/2 or 115, and 113) (0-10 points) 2. A policy statement/strategy for commercial revitalization? 3. A facade improvement design plan or guidelines? (0-5 points) (0-5 points) 4. A business district market assessment study or retail recruitment strategy? (0-5 points) 5. An overall economic development plan or strategy which includes commercial redevelopment/revitalization policies? (0-5 points) 6. Has the community included business district revitalization as a community development priority in past/current CMG 3 year plans or annual applications? 7. Other - (Describe) (0-5 points) D-13 (0-5 points) V. COMMUNITY'S COMMITMENT TO BUSINESS DISTRICT REVITALIZATION B. Comprehensiveness of Community's Business District Revitalization Program (60 points available; any 20 required) Commercial revitalization efforts are successful when the public/private sectors choose a comprehensive/multi-faceted approach to overcome the problems of physical deterioration and economic decline. Successful commercial revitalization is characterized by a coordinated program, including: • business district management (promotions, advertising, marketing, special events, security and maintenance); • cooperation among and commitment by public/private leaders; • small business management assistance; • economic restructuring through retail/developer recruitment and leasing assistance; • property rehabilitation and public streetscape improvements; and • traffic/parking management To achieve maximum results, CAP will be directed to comrnu,ities pursuing a comprehensive plan of action for the economic and physical revitalization of their business district. To what degree does the commercial revitalization program address or include: I. Business District Management 2. Public/Private Partnership 3. Small Business Assistance 4. Economic Restructuring 5. Property Rehab/Public Improvements 6. Traffic/Parking Management (0-10 points) (0-10 points) (0-10 points) (0-10 points) (0-10 points) (0-10 points) D-14 ATTACHMENT E INDIVIDUAL CAP PROJECT REVIEW CRITERIA These criteria will be utilized to review commercial rehab projects in the business districts of the communities which were not selected as CAP target communities. 15% of the leveraged commercial rehab loan pool ($345,450) will be available for these projects. Individual rehab projects will only be evaluated against other rehab projects from the same community. All projects must be approved as credit worthy by Manufacturers National Bank, and endorsed by the local governing body and the local private business/merchants association. Rehab projects will comply with all applicable federal regulations. Evaluation Criteria II of Points 1. Creation of additional employment opportunities 10 2. Elimination of blighting influence on the business district 10 3. jitilization of CAP to fill a vacant storefront or building 10 4. Significance of the rehab projects visual impact and strategic location to the physical upgrading of the business district 10 5. Compatibility of the facade improvement design with the building's architectural character and with adjacent storefronts 10 6. Retention of an existing merchant in the business district through the!.r expansion into an adjacent building 10 7. Elimination or correction of building code violations. 10 8. Adaptive use of an architecturally or historically significant building 10 9. Availability of other local financial resources to supplement CAP funds 10 10. Utilization of CAP by a new property owner in the business district Total 100 10 CD12 E-1 day of Mar 19 85 ALLEN Couniy Clerk/Register of Deeds this 28t h Resolution # 85107 March 28, 1985 Moved by Lanni supported by Hassberger the resolution be adopted. AYES: Gosling, Hassberger, Hobart, R. Kuhn, S. Kuhn, Lanni, McConnell, McDonald, McPherson, Moffitt, Moore, Nelson, Pernick, Price, Rewold, Skarritt, Webb, Wilcox, Aaron, Caddell, Calandro, Doyen, Fortino. (23) NAYS: None. (0) A sufficient majority having voted therefor, the resolution was adopted. STATE OF MICHIGAN) COUNTY OF OAKLAND) 1, Lynn D. Allen, Clerk of the County of Oakland and having a seal, do hereby certify that I have compared the annexed copy of Miscellaneous Resolution # 85107 adopted by the Oakland County Board of Commissioners at their meeting held on March 28, 1985 with the orginial record thereof now remaining in my office, and that it is a true and correct transcript therefrom, and of the whole thereof. In Testimony Whereof, I have hereunto set my hand and affixed the seal of said County at Pontiac, Michigan