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Department/Program: |
072 Urban Renewal |
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Fund: |
720 Urban Renewal |
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The Sandy Urban Renewal Agency
was created by the City Council in 1998, to complete improvements in the
downtown and commercial areas using tax increment financing.
The Board of the Urban Renewal Agency consists of the City Council, plus a
representative of the Sandy Fire District, and a Sandy business
representative.
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PAST GOALS |
ACCOMPLISHMENTS |
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Council goal: Construct a downtown
public parking lot.
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Parking lot
opened to the public in January 2007. |
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Council goal: Explore the
feasibility of an office building featuring executive suites. |
An
architectural design and market analysis was completed for a downtown lot. |
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Pursue creation of a downtown public
plaza. |
Land
was purchased in 2006. |
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OBJECTIVES FOR
THE NEXT BIENNIUM |
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Council goal: Complete downtown projects per the Urban Renewal
Plan. |
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Council goal:
Consider creation of a new Urban Renewal District after the existing
district expires. |
BUDGET NOTE:
Major projects for 2007-09 are the final projects for the
district--relocating utility wires underground, improving downtown
streetscape, installing pedestrian signals, and initial improvements to the
public plaza.
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REVENUES
|
2001-03 Actual |
2003-05 Actual |
|
2005-07 Budget |
2007-09 Budget |
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$181,322 |
$851,334 |
Beginning Balance |
$803,170 |
$775,525 |
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$1,299,046 |
$810,209 |
Revenue |
$2,706,484 |
$3,564,150 |
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$1,480,368 |
$1,661,543 |
TOTAL REVENUES |
$3,509,654 |
$4,339,675 |
EXPENDITURES
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$37,916 |
$40,216 |
Personnel |
$46,478 |
$47,137 |
|
$29,019 |
$33,023 |
Materials & Supplies |
$31,950 |
$34,187 |
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$305,208 |
$394,848 |
Capital Outlay |
$2,619,000 |
$4,156,000 |
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$184,627 |
$369,253 |
Debt Service |
$735,900 |
$0 |
|
$13,623 |
$14,440 |
Transfers |
$16,111 |
$15,918 |
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$0 |
$0 |
Contingency |
$60,215 |
$86,433 |
|
$570,394 |
$851,780 |
TOTAL EXPENDITURES |
$3,509,654 |
$4,339,675 |
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2001-03 Actual |
2003-05 Actual |
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Position |
2005-07 Budget |
2007-09 Budget |
|
0.13 |
0.13 |
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Associate Planner |
0.13 |
0.13 |
|
0.07 |
0.07 |
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City Manager |
0.07 |
0.07 |
|
0.07 |
0.07 |
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Plng & Dev Director |
0.07 |
0.07 |
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0.27 |
0.27 |
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TOTAL STAFF |
0.27 |
0.27 |
Next: Staffing Information
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