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HomeMy WebLinkAbout10407M M RESOLUTION NO. 10,407 0 533 A RESOLUTION DIRECTING STAFF TO INITIATE THE PROCESS OF DESIGNATING THE DOWNTOWN NEIGHBORHOOD AS A TARGETED NEIGHBORHOOD ENHANCEMENT AREA AND TO DEVELOP THE REQUIRED PLAN. WHEREAS, the Arkansas Legislature has enacted an act to provide for targeted neighborhood enhancement, to rehabilitate neighborhoods suffering from neglect, abandonment and urban blight in the 1997 General Assembly; and WHEREAS, eftorts have been made by the City to revitalize older neighborhoods as a targeted neighborhood pursuant to Act 320 of 1997; and WHEREAS, the citizens of Little Rock wish to rehabilitate the Downtown Neighborhood which is suffering from neglect, abandonment and urban blight; and WHEREAS, the historical and architectural focus of this neighborhood is significant to this state and should be preserved; and WHEREAS, the Downtown neighborhood is the City's oldest commercial and residential area and plays a vital role in the City's urban quality of life; and WHEREAS, the designation of the Downtown Targeted Neighborhood Enhancement Plan is one way to improve the area, which is at heart the most basic fabric of the City. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City Manager is authorized to direct staff to initiate the process in meeting the requirements for the Downtown neighborhood to obtain designation as a targeted neighborhood enhancement area. SECTION 2. This area will be defined by the Arkansas River to the north, I -30 to the east, I -630 to the south and the alley right -of -way between Broadway and Gaines streets to the west. 0 0 SECTION 3. As part of the process, a plan will be developed to qualify the Downtown 539 neighborhood as a targeted neighborhood pursuant to Act 320 of 1997 and the city staff shall do the following: (A) Compile a report on the Downtown neighborhood that includes: (I) A brief history of the neighborhood including current demographic information about the residents; (II) Information on the deterioration and demolition of housing stock within the boundaries of the neighborhood; (III) Information concerning the incidents of crime within the boundaries of the neighborhood; (IV) The location of existing government resources, such as police and fire substations, neighborhood alert centers, schools, playgrounds and government centers that could help rehabilitate the neighborhood; (V) A list of financial institutions and entities that are willing to participate as lending institutions to persons who contract with the City of Little Rock, should this targeted neighborhood enhancement plan be implemented, to build, rehabilitate and reside in a residential structure within the Downtown neighborhood in accordance with the plan; (VI) A set of model documents and contracts that the City will use to fulfill the purposes of the enhancement plan to the extent that City financial resources are utilized. (B) Develop a plan to rehabilitate the various blocks of the neighborhood and set forth within that plan a list of the resources the City should be willing to dedicate to ensure the success of the enhancement plan. SECTION 4. Once the report and plan set forth in Section 1 have been completed, the Board of Directors shall set at least two public hearings at different locations within the City to discuss the proposals and the resources the City will dedicate over the next five (5) years to ensure the success of the enhancement plan. SECTION 5. Upon the completion of the public hearing process, and any amendments to .540 the plan that are deemed necessary, the staff shall prepare a draft ordinance for public discussion and debate that sets forth the Downtown Targeted Neighborhood Enhancement Plan and lists the resources that the City will dedicate, to the extent possible under the Arkansas Constitution, for the five (5) years immediately following the adoption of the enhancement plan. ADOPTED: November 17, 1998 ATTESTED: Robbie Hancock, City Clerk APPROVED AS TO LEGAL FORM: Thomas M. Carpenter, City Attorney APPROVED: An Ji Vailey, Mayor