FY 2026 Adopted Budget - Flipbook - Page 74
burden of new infrastructure costs from falling solely on existing residents and
taxpayers.
¾
Long-Term Planning: Impact fee studies are part of the City’s long-term planning
efforts. This study will help the City prepare for growth in an organized and
sustainable manner.
¾
Economic Development: Balanced and reasonable impact fees can encourage
responsible and sustainable development, which can attract businesses and
promote economic growth.
The City’s impact fee study has significant implications for growth, infrastructure
investment and financial sustainability. When conducted comprehensively and
transparently, it serves as a valuable tool for both City officials and the community as
they plan for and manage the impacts of growth and development.
7. Public Safety Complex Construction: Constructing a new Fire Station is in the City’s
Capital Improvement Plan for FY 2025/26, with a budget of $390,000 for architecture,
engineering and site development. The construction will require financing. This project
falls under the Safe Community Priority, specifically Goal #1.
8. Downtown Development: The City represents a strategic approach to revitalize the
urban core, ensuring it remains vibrant, economically thriving and culturally rich. The
goal is to blend historic preservation with modern enhancements, aiming to attract
businesses, residents, and increase tourism. The City plans to achieve this with
infrastructure upgrades, enhancing recreational spaces and promoting arts and cultural
events. The City is focused on transforming the downtown area into a bustling hub of
activity which includes new restaurants, parking spaces, hotels, apartment complexes
and Ferran Park upgrades.
Downtown development will bring several significant benefits to both the City and its
residents:
¾ Economic Revitalization: Attracting new businesses, supporting local
entrepreneurs and creating a mixed-use space that promotes economic growth.
¾ Historical Preservation: Maintaining and restoring historical buildings to
preserve the C i t y ’s heritage while blending in modern amenities.
¾ Infrastructure Upgrades: Improving roads, public transportation options and
parking facilities to make the downtown area more accessible.
¾ Green Spaces and Recreational Areas: Improving Ferran Park, surrounding
plazas and pedestrian zones increases the quality of life and attract more residents
and visitors.
¾ Cultural Initiatives: Encouraging the development of arts, music and cultural events
or venues, such as theaters, galleries and festivals resulting in new residents and
businesses.
¾ Safety and Cleanliness: Ensuring that downtown areas are safe, well-lit and clean,
making them welcome and appealing to all.
¾ Housing Development: Promoting the development of urban living spaces, s u c h
a s condos or apartments, making the downtown area livelier outside of regular
business hours.
¾ Community Engagement: Creating spaces and events that encourage community
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