LCDC completes report - Coeur d'Alene Press: Local News

LCDC completes report

Results to be presented to Cd'A City Council

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Posted: Thursday, January 16, 2014 12:00 am | Updated: 12:06 am, Thu Jan 16, 2014.

COEUR d'ALENE - Lake City Development Corp. spent $13.4 million in its Lake District, and another $1.2 million in the River District in fiscal year 2013, according to its newly adopted annual report.

According to state law passed in 2011, urban renewal agencies must make a report on their annual activities available to the public each year, and the LCDC just completed and adopted its report on Wednesday.

The 16-page report is posted to the LCDC website and details progress the agency has made in its two urban renewal districts in Coeur d'Alene.

Now that it is approved, LCDC Executive Director Tony Berns said he will present it in a 45-minute PowerPoint presentation before the Coeur d'Alene City Council on Feb. 4.

On Wednesday, he previewed the contents of the report to the LCDC board of directors during a public hearing.

The beginning of the report lays out the agency's goals in areas of education, job creation, workforce housing, public space, public parking and vitalization efforts in the downtown and midtown areas.

"Page four is an overview of the board's tactical goals that they use to achieve long-term strategic goals," he said, adding they are presented for fiscal years 2013 and 2014.

The status of specific tactical goals are detailed in areas such as public space, communications, the education corridor, finance, parking, workforce housing and jobs.

For instance, the report says in the category of public spaces, the acquisition and planning for the railroad right of way corridor from the education district to Huetter Road is "on track for achievement."

However, under the education corridor header identifying student housing opportunities near North Idaho College was tabled in 2013, but is on track for achievement in 2014, along with identifying joint-use building opportunities.

The next section of the report summarizes LCDC's accomplishments on key projects the agency worked on in 2013.

"It's a discussion and summary on current initiatives I will update the city council on," he said. "Including McEuen Park, the higher education campus, midtown place making and workforce affordable housing initiative."

It goes on to discuss the agency's 2006 agreement with the North Idaho Centennial Trail Foundation and Bureau of Land Management to acquire and build out the Prairie Trail that ties the Centennial Trail north from Riverstone to Meyer Road on the Rathdrum Prairie.

The report said that agreement had to be suspended in 2012 because BLM had to withdraw from its part of the agreement. The trail now belongs to the city of Coeur d'Alene.

There are about a dozen other projects mentioned in the report, including a short update on the North Idaho College event center project.

The next section of the report discusses the makeup of the LCDC board and its committees, and includes a piece on the late Jim Elder and Mic Armon who was appointed to fulfill Elder's term on the board.

The last few pages detail the agency's financial condition, broken down by urban renewal district.

Berns told the board that the report has been available online for public comment for more than a week, and LCDC published an ad in the Coeur d'Alene Press soliciting public comment and announcing the Wednesday hearing to adopt the report.

"Just to share with the board, I didn't receive any written public comment via email or mail," he said.

After Berns summarized the report, the board opened the hearing up for public comments, but there were none of those either.

The board then voted to adopt the report as written.

In other business, the board received a favorable audit report from Ben Johnston of Magnuson, McHugh and company.

They also approved plans to enter into a financial consulting contract with Piper/Jaffray to analyze NIC event center project and the River District as a whole.

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3 comments:

  • estatetracker posted at 2:02 pm on Thu, Jan 16, 2014.

    estatetracker Posts: 251

    Wow.

    After all of their major expenditures, LCDC is still so lucrative they can afford to buy more realestate?

    How does a private developer compete with this tax-fluid animal? Yes, rhetorical, the only way to compete is to start your own "public" taxing entity or just "happen" to sleep in the right bed.

     
  • Intrepid posted at 7:02 am on Thu, Jan 16, 2014.

    Intrepid Posts: 916

    A handful of well connected private businesses feeding piggishly at the trough of citizens tax dollars.

     
  • manana posted at 5:25 am on Thu, Jan 16, 2014.

    manana Posts: 179

    Every time I read a story about LCDC I'm immediately reminded of one of Cher's songs.

    "Gypsies, tramps and thieves
    We'd hear it from the people of the town
    They'd call us, gypsies, tramps and thieves"

     
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