This is the Mayor’s proposed 2027 budget, pending City Council adoption (expected in December). Figures may change before the budget is adopted.

MAJOR DEVELOPMENTS

Neighborhood and Community Development URBAN REDEVELOPMENT AUTHORITY Recurring, Intergovernmental Project PM: Chief Development Officer

Pages 131–132 in Capital Budget · 2tables · includes narrative

Page 131

MAJOR DEVELOPMENTS

Functional Area: Neighborhood and Community Development Project Type: Recurring, Intergovernmental Project Responsible Department: URBAN REDEVELOPMENT AUTHORITY Project Manager: Chief Development Officer

Capital Improvement Program

Project Description

This projects funds the work of the Urban Redevelopment Authority to conduct major economic development initiatives in various city neighborhoods.

Project Justification

Catalytic economic development projects have the potential to greatly benefit City neighborhoods and to expand the tax base.

cip_funding Page 0, Table 0 (p. 131 in full PDF)

Shows capital project funding by source and year.

Source	2026	2027	2028	2029	2030	2031	2032	Total 2027-2032
CDBG		1,000,000						1,000,000
BOND								0
PAYGO								0
OTHER								0
TOTAL	0	1,000,000	0	0	0	0	0	1,000,000

Operating Budget Impact

There is no operational cost to the City as the project will be managed by the Urban Redevelopment Authority.

Unexpended/Unencumbered Prior Year Funds $0

Page 132

MAJOR DEVELOPMENTS

2027 Deliverables and Objectives

Deliverables are tentative and subject to change Location

Figure

deliverables Page 1, Table 0 (p. 132 in full PDF)

Lists project objectives, deliverables, and performance measures.

Deliverable/Objective	Location	District	Fund	Cost
URA MAJOR DEVELOPMENTS	City-Wide	City-Wide	CDBG	1,000,000