HomeMy WebLinkAboutItem 01 HDTE Boundary AGENDA ITEM SUMMARY Meeting Date: 2/5/2024
Meeting Type: Work Session
Staff Contact/Dept.: Allie Camp
Staff Phone No: 541-726-3688
Estimated Time: 10 minutes
S P R I N G F I E L D
C I T Y C O U N C I L
Council Goals: Encourage Economic
Development and
Revitalization through
Community Partnerships
ITEM TITLE: HOUSING DIVERSITY TAX EXEMPTION (HDTE) BOUNDARY
ACTION
REQUESTED:
Provide direction to include/not include Glenwood as an eligible program area for
the HDTE, and if so, determine which areas of Glenwood to include.
ISSUE
STATEMENT:
Glenwood was not initially included in the eligible program areas for the draft
HDTE program.
ATTACHMENTS: 1. Transit boundary and city limit map.
2. Comprehensive plan designation map.
DISCUSSION/
FINANCIAL
IMPACT:
This reevaluation of the HDTE program areas to include Glenwood is in
anticipation of the Glenwood Master Plan Area’s future development. The Master
Developers informing Springfield Economic Development Agency’s planning
process have emphasized the importance of a property tax exemption to assure
development can be successful considering today’s market conditions.
Eligibility criteria to define a program area for the HDTE include being within 0.25
miles of transit and having a comprehensive plan designation that allows for
multiunit housing. Attachment 1 shows the areas which meet the transit
accessibility requirement, the majority of Glenwood is included. Attachment 2
shows the eligible plan designations and includes eligible tax exemption program
areas, informed from both the plan designations and the transit access map.
This program applied in Glenwood would have additional considerations-
• Portions of Glenwood have not yet been annexed into the City limits. The
program area does not need to be based on inclusion in the City limits, but
a property would need to annex before being eligible for the HDTE.
Property taxes from new investments would not be collected during the
exemption period; property taxes after annexation, prior to new or
redevelopment would still be collected.
• Glenwood has the SEDA System Development Charge (SDC) incentive
available to eligible projects. Policy consistency across the HDTE program
draft language would mean permitting the same criteria to apply in
Glenwood as downtown- buildings proposing four or more floors can
receive both incentives. Combining incentives like this in Glenwood is
supported by Finance and Economic Development.
• While the area south of the railroad tracks meets the eligibility criteria to be
an HDTE program area, the land is most suitable and was intended to be
zoned for office/commercial and employment/commercial. The land’s
constraints specific to housing include adjacent and across the river
industrial development, impacts of floodplain, required setbacks limiting
developable area, and railroad impacts such as noise, vibrations, and
hazardous materials risk. An HDTE program area here could put the City in
a position of incentivizing housing in an area not suitable for housing.
FRAN
K
L
I
N
B
L
V
D
FRANKLIN BLVDS A ST
B ST
A ST
S 2ND ST10TH STGLENWOOD BLVDS 5TH STWillamette Rive
r
Published: 1/19/2024
GLENWOOD
0 750 1,500
Feet o
City Limits
Draft Tax Exemption
Boundary
LTD Stops Quarter Mile
Buffer
!"#$5
There are no warranties that accompany this
product. Users assume all responsibility for any
loss or damage arising from any error, omission
or positional inaccuracy of this product.
Housing Diversity
Tax Exemption
(HDTE) Boundaries
InsideCity Limits
OutsideCity Limits
Attachment 1 Page 1 of 1
FRAN
K
L
I
N
B
L
V
D
FRANKLIN BLVDS A ST
B ST
A ST
S 2ND ST10TH STGLENWOOD BLVDS 5TH STWillamette Rive
r
Published: 1/19/2024
GLENWOOD
0 750 1,500
Feet o
Draft Tax Exemption
Boundary
Springfield Comprehensive Plan
Low Density Residential
Medium Density Residential
High Density Residential
Residential Mixed Use
Neighborhood Commercial
Commercial Mixed Use
Community Commercial
Major Retail Center
Commercial/Industrial Mixed
Use
Mixed Use - Light Medium
Industrial/Community
Commercial
Light Medium Industrial
Heavy Industrial
Special Heavy Industrial
Campus Industrial
Employment Mixed Use
Booth-Kelly Mixed Use
General Office
Office Mixed Use
Mixed Use
3 3 3
3 3 3
&&&
&&&
2 2
2 2 Mixed Use 2 and 3
B B
B B
//
//
A A
A A
2 2 2
2 2 2 Mixed Use 2A and 2B
Public Land and Open Space
Natural Resource
Sand and Gravel
Urban Holding Area -
Employment
!"#$5
There are no warranties that accompany this
product. Users assume all responsibility for any
loss or damage arising from any error, omission
or positional inaccuracy of this product.
Housing Diversity
Tax Exemption
(HDTE) Boundaries
Attachment 2 Page 1 of 1