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Council advances Giese School redevelopment: $4.3M in infrastructure, down-payment aid planned
Summary
Council referred and later placed on consent a development agreement to convert the former Giese School site into 34 single-family homes with ~$2.3M for roads/utilities, $1.7M earmarked for $50,000 down-payment assistance per lot and $300,000 for stormwater work.
Councilors reviewed a mayor-sponsored development agreement to transfer the Giese School site (5120 Byrd Ave.) for redevelopment into 34 single-family homes. Finance staff said the proposal uses a mix of TID infrastructure funds and intergovernmental revenue-sharing sources; the fiscal note outlined about $2.3 million for roads/utilities, $1.7 million reserved for $50,000 down-payment assistance for qualifying buyers and $300,000 for stormwater infrastructure.
Director Fisher (finance) explained the revenue-sharing fund is constrained by a legacy sewer agreement and that staff analyzed several funding sources before recommending the mix included in the project plan. Several alderpersons supported the infill development as a way to grow the city tax base and provide housing opportunities for city and RUSD employees; other alderpersons cautioned that funds drawn from TID 31 must not displace homeowner-repair grants and called for clear prioritization for existing TID residents. The item was moved for approval and placed on the consent agenda for finalization.
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