Fifth Ward Growing and Growing
You may have read about the TID (Transportation Improvement District) we developed last year and begin implementing. Number two on the list was the Hadley Valley Area, an area comprising of over 1000 acres of developable land. Several developers have submitted plans for the area and are working with the city to make sure that we do things in an orderly, cost effective manner.
We reviewed plans for this area and approved the methodology. Final details are being worked on and I expect that we will sign off on this sometime in August.
The TID requires the developer to commit to pay for 75% of infrastructure needs generated by the new development. These costs will be passed on to the new owners -- not any of you who already live in the area nor any of our other taxpayers. We, the city, will pay the remaining 25% which is a lot less than the 100% we've paid in the past.
This development will take place over the next 10-20 years. I just wanted you to know a bit more about what's happening around you and how far in advance we often work with developers and public works.
As always, get back to me with any questions or concerns.
Have a safe and sane 4th!
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