2.0. HRSR 03-10-1998 - Laserfiche WebLink

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for construction. The National Guard will pay a portion of those costs, which is a great benefit to the community. Additional costs will be incurred for site acquisition, relocation fees, demolition and site prepa- • ration, design and engineering fees, administrative and finance fees, and other"soft"costs. Funding • General property tax: This is an element of downtown that benefits the entire Monticello community; it is logical that all beneficiaries contribute to its creation) • TIF: This project is important enough to the success of the downtown plan that funds could be made available even if it limits other projects. • Grants: Although grants are not readily available to the City, aspects of certain projects might have outside funding sources available. Whenever a project is considered, the community should investigate the full range of public and private grant sources, and utilize those funds to make the project more affordable to the community or to improve the proposed project. • School District: The district's resources are limited due to their own capital improvements, but they may have the ability to leverage or levy additional funds for a facility of which they are a central compo- nent. Improve Broadway's Buildings Related Guiding Principles (downtown) • A good place to do business: This area has always been the business center of the community, and there are still viable businesses here that could be a more integral part of the business life of downtown if pro- vided with the right incentives for change (such as a loan program • with reduced costs t o borrowers or through tax abatement). • A compact center: Broadway has a character that makes it feel like the center of the community — its real downtown. The density of development here makes it rich with opportunities for business and sharing customers—stemming directly from its compact qualities. • An identity related to Monticello: While there are no "gems" here and some buildings have taken on disguises that diminish their integrity, this is largely original Monticello. It is not fancy, elaborate architec- ture, but that is not the character of the business community. • A mix of uses: Second stories in buildings along Broadway provide for a great opportunity for mixing uses vertically —which is far more important than mixing uses horizontally. No greater mixing can occur in downtown than that which can happen here on Broadway. • Partnerships for mutual benefit: If this area was going to change on its own, it would have done so already. It will not change on its own; the City is the only force that can help to make change happen. As the City contributes to Broadway's revitalization, it will benefit from the new or expanded services that locate here, from the potential of higher property values resulting from improvements, and by the catalyst that this area will be in spurring other downtown development activity. Actions • Create zoning for Broadway that allows a great diversity of use, including residential uses above retail activities. • _ •ANew Bridge Revitalizing Monticello's Downtown and Rlverfront Page 4:4