2.0. HRSR 03-10-1998 - Laserfiche WebLink

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• Require that the development/redevelopment meet the intentions of the plan and its design guidelines in order to ensure a strong fit to down- town. • Probable Costs • Costs for revitalizing the mall can only be determined by a developer based on their particular program. It is likely that a revitalization of the mall will result in higher property values, which makes tax incre- ment financing a possibility. If possible, the City should dedicate only a portion of the TIF proceeds to the revitalization of the mall, using excess funds to spur other activities of this plan. Funding • -I • Developer capital Related Guiding Principles Study housing transition areas in • A compact center: In a revitalized downtown Monticello, the people order to stabilize and protect neighbor- who live near downtown will become its most visible users. These hoods near downtown neighborhoods ultimately will form a tightly defined edge for down- town, reinforcing the sense of a compact and walkable downtown. • An identity related to Monticello: Neighbors — the people of these neighborhoods — will be a central part of the identity of downtown. They will stroll through downtown on evening walks, frequent the shops of a revitalized downtown and even provide directions to down- town visitors. • Downtown's neighbors: The axiom of healthy neighborhoods making for healthy downtowns will dictate that attention be given to the neigh- 41) borhoods surrounding downtown. Actions • Identify houses that are sub-standard and are likely to hasten or encourage decline of the neighborhood. • Obtain purchase rights to critical houses or directly purchase those that seem to threaten the health of the neighborhood. • Enforce city codes related to upkeep or develop codes that require rea- sonable upkeep of residences. • Encourage resident actions at a neighborhood level by providing staff resources at neighborhood meetings Probable Costs • Costs cannot be defined without further and complete study of the neighborhoods surrounding downtown. • Some actions, like the conduct of neighborhood meetings, can be accomplished with little more than staff time. Funding • The most likely source of funds will be tax increment funds, but the extent and type of project will determine funding sources. Other early actions might include the following: • A significant marker will help to solidify the identity of the downtown area along with other actions demonstrated by the plan. The commu- 411 nity should coordinate implementation of downtown markers with _ A New Bridge •- Revltalzing Montkello's Downtown and Riverton'4x- Page 4:9