Title
Consider a resolution authorizing the City of Rock Hill, South Carolina, to publish a notice of public hearing relating to the adoption of a Second Amended Downtown Redevelopment Plan; authorizing the City to provide notice of the second amended plan to York County, South Carolina and Rock Hill School District No. 3 of York County, South Carolina; and other matters related thereto.
Strategic Goals: 1) Promote public investment and reinvestment in the Downtown area; 2) Provide support for public and private investment in the Downtown area; 3) Examine infrastructure needs in the downtown and development plans for meeting those needs; 4) Establish an identity for Downtown as a destination.
Body
In December 1988, the City of Rock Hill adopted the Downtown Redevelopment Plan and authorized the sale of Tax Increment Bonds in an amount up to $7 million to finance public improvements within the 106.5 acre redevelopment area. In September 1991 the Downtown Redevelopment Plan was amended, changing the boundaries and reducing the size of Redevelopment Project Area to 35.11 acres in order to better reflect the areas where the concentration of public improvements were planned. In 1993 and 2007 the City of Rock Hill issued $1.335 million and $1.650 million respectively in TIF Bonds to fund redevelopment projects in the Original Downtown Redevelopment Area. The 1988 Redevelopment Plan and the 1991 Amended Plan are collectively referred to as the “Original Downtown Redevelopment Plan”.
In March 2004 the City adopted an Amended Downtown Redevelopment Plan (the “Amended Downtown/Textile Corridor Redevelopment Plan”). This amended plan added the area known as the Textile Corridor to the Redevelopment Area; increased the size of the redevelopment area by 159.06 acres; authorized the issuance of up to $40 million in Tax Increment Bonds to finance public improvements within the redevelopment area; and, extended the duration of the Amended Downtown Redevelopment Plan un...
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