The URL can be used to link to this page

Home My WebLink AboutIV.C - 2019 Annual Report&RPPXQLW\'HYHORSPHQW 'HSDUWPHQW $QQXDO5HSRUW &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJHL &RQWHQWV ,1752'8&7,21 .................................................................................... <($5,15(9,(: ................................................................................. 7KH&RQIOXHQFH ........................................................................................................... 1HZ%XVLQHVV .............................................................................................................. +RXVLQJ ....................................................................................................................... +('5$/RDQV ............................................................................................................. 3ODQV ........................................................................................................................... :HEVLWH ........................................................................................................................ %<7+(180%(56 .............................................................................. 0$.,1*,7+$33(1 ............................................................................ +('5$ ....................................................................................................................... 3ODQQLQJ&RPPLVVLRQ ................................................................................................ +LVWRULF3UHVHUYDWLRQ&RPPLVVLRQ ............................................................................ /22.,1*$+($' ................................................................................ &RPPXQLW\'HYHORSPHQW -RKQ+LQ]PDQ&RPPXQLW\'HYHORSPHQW'LUHFWRU -XVWLQ)RUWQH\&LW\3ODQQHU 5XVW\)LILHOG(FRQRPLF'HYHORSPHQW&RRUGLQDWRU &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJH ,QWURGXFWLRQ 7KH&RPPXQLW\'HYHORSPHQW'HSDUWPHQWSURYLGHVODQGXVHSODQQLQJ]RQLQJHFRQRPLFGHYHO RSPHQWUHGHYHORSPHQWDQGKLVWRULFSUHVHUYDWLRQVHUYLFHVWRWKH&LW\RI+DVWLQJV7KHWKUHH SHUVRQGHSDUWPHQWSURYLGHVVWDIIVHUYLFHVWRWKH&LW\&RXQFLO3ODQQLQJ&RPPLVVLRQ+DVWLQJV (FRQRPLF'HYHORSPHQWDQG5HGHYHORSPHQW$XWKRULW\+('5$DQGWKH+HULWDJH3UHVHUYDWLRQ &RPPLVVLRQLQFOXGHGZRUNRQDYDULHW\RISURMHFWVLQFOXGLQJ · 7UDQVIRUPDWLRQRIWKHIRUPHU+XGVRQ0DQXIDFWXULQJ%XLOGLQJLQWR7KH&RQIOXHQFHWRLQ FOXGHKRWHOURRPVDSDUWPHQWVEDQTXHWIDFLOLW\UHVWDXUDQWDQGUHWDLOVSDFH6XEVWDQ WLDOFRPSOHWLRQE\WKHHQGRI · &RQVWUXFWLRQRIDQHZULYHUIURQWSDUNDW7KH&RQIOXHQFH · &RQVWUXFWLRQRIWKHXQLW9R\DJHXU(VWDWHVDQGXQLW9HUPLOOLRQ6KRUHV3KDVH,,$SDUW PHQWEXLOGLQJV · ,VVXDQFHRIFRPPHUFLDOSHUPLWVYDOXHGDWQHDUO\PLOOLRQ · 6XEPLWWDORIWKH&RPSUHKHQVLYH3ODQWR0HWURSROLWDQ&RXQFLOIRUILQDODSSURYDO · :HOFRPHGQHZ(FRQRPLF'HYHORSPHQW&RRUGLQDWRU5XVW\)LILHOG · $SSURYHGWKHVDOHRI,QGXVWULDO3DUN/DQGIRUGHYHORSPHQWIRUIXWXUHGHYHORSPHQW · 'HYHORSPHQWRI+('5$¶V6WUDWHJLF3ODQIRU(FRQRPLF'HYHORSPHQW · ([HFXWHGD5HDO(VWDWH2SWLRQ$JUHHPHQWIRUODQGQRUWKRIWKH$UWVSDFH$SDUWPHQWEXLOGLQJ DORQJWKH0LVVLVVLSSL5LYHUIURQW · 5HYLHZHG7,)3ROLFLHVDQGXVHIRUIXWXUHGHYHORSPHQW · $SSURYDORIILYHORDQVWRDVVLVWZLWKEXVLQHVVH[SDQVLRQWKURXJK+('5$¶V5HYROYLQJ/RDQ )XQG · 6HFXULQJRILQJUDQWIXQGLQJWRDVVLVWZLWKIXWXUHSODQQLQJHIIRUWV · 5HYLHZHGEXLOGLQJSHUPLWVIRULPSURYHPHQWVWRKLVWRULFVWUXFWXUHV &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJH · 5HFRJQL]HGRXWVWDQGLQJKLVWRULFSUHVHUYDWLRQWKURXJKDQDZDUGVFHUHPRQ\DW&LW\&RXQ FLO · .LFNHGRIIWKH&HQWXU\+RPHV3ODTXHV3URJUDPWRUHFRJQL]HEXLOGLQJVWKDWDUHRYHU \HDUVROG · 5HYDPSHGWKH%XVLQHVV6HFWLRQRIWKH&LW\¶VZHEVLWH · $VVLVWDQFHZLWKWKHGHYHORSPHQWRIRYHUWHQQHZEXVLQHVVHVORFDWLRQV ·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· %RDUGHU1XWULWLRQ · +DVWLQJV3XEOLF+RXVH · +DVWLQJV6RFLDO7DYHUQ · /HYHO8S*DPHV · /LOO\¶V'D\6SD · 0RRQ7UHH&RXQVHOLQJ · 3ULPH&KLURSUDFWLF · 6RFLDO+DLU&R · 6WDUNVRQ)DPLO\RI/LIH&KDSHO · 9XH 6WDIIDOVRSDUWLFLSDWHVLQWKH&KDPEHU¶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³EHKLQG´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· ,WZRXOGEHILUVWQHZVXEGLYLVLRQRIWKLVVFDOH VLQFH · 7KHSURMHFWVWDUWVWKHSURFHVVRIVHWWLQJLQSODFH WKHFDSDFLW\WRVHUYHQHZJURZWKWRWKHZHVW · 7KHSURMHFWFUHDWHVWKHRSSRUWXQLW\WRJHW+DV WLQJVEDFNRQWKHPLQGVRIUHJLRQDOKRPHEXLOG HUV1RQHRIWKHUHJLRQ¶VWRSEXLOGHUVKDYH ZRUNHGLQ+DVWLQJVGXULQJWKHSDVW\HDUV 7KH\HDUHQGHGZLWKJURZLQJLQWHUHVWLQGHYHORS PHQWRQWKHVPDOOHUUHPDLQLQJKRXVLQJVLWHVZLWKLQ WKHFLW\OLPLWV6WDIILVKRSHIXOWKDWWKHVHGLVFXVVLRQV ZLOOOHDGWRGHYHORSPHQWSODQVLQ +('5$/2$16 +('5$¶V(FRQRPLF'HYHORSPHQW5HYROYLQJ /RDQ)XQGFRQWLQXHVWREHDYDOXDEOHWRRO7KHUH DUHFXUUHQWO\RXWVWDQGLQJORDQVUHSUHVHQWLQJ LQWRWDORULJLQDOSULQFLSDO +('5$PDGHILYHORDQVLQKLJKOLJKWHGLQ WDEOHRQWKHULJKW 7ZRORDQV*XDUGLDQ$QJHOVDQG%UHDNDZD\$UWV &DIpZHUHSDLGRIILQ Breakaway Arts Café-MECCA 55,300.00 - Curry 4,400.00 4,400.00 Dudley Parkinson 8,300.00 3,872.79 Dudley Parkinson 5,300.00 3,024.61 Eljin Properties 12,225.00 7,189.71 Empire House/Jupiter Peak 6,375.00 5,099.19 Guardian Angels of Hastings LLP 100,000.00 - Jung Thomas and Karen 7,577.00 7,577.00 Jung Thomas and Karen 30,465.00 30,320.00 Kevin and Lynette Hoeschen 30,300.00 13,655.06 Lockwood 42,000.00 41,500.00 Main Street Properties 8,300.00 4,624.04 Marathon Properties of Hastings LLC 6,337.00 6,337.00 MDL/Ostrem 2,142.27 1,640.22 MDL/Ostrem 11,309.32 10,763.64 Old Neighbor LLC 6,000.00 6,000.00 Radke, Donald and Darlene 10,528.00 10,528.00 River City Properties L.L.C.7,632.00 7,632.00 Ryan, Joseph 30,270.00 30,270.00 Ryan, Joseph 30,270.00 30,270.00 Spiral Brewery 1 25,000.00 12,779.96 Spiral Brewery 2 23,800.00 14,106.62 Spiral Brewery 3 12,600.00 12,300.00 Sui Genesis LLC 25,000.00 24,700.00 T & S Properties 13,810.00 13,810.00 Vlach 20,300.00 15,957.70 VZ group LLC- Beautiful Boutique 25,000.00 13,661.56 Walker 13,300.00 207.78 Payee Original Loan Amount Loan Balance as of 12/31/19 &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJH 3/$16 &RPSUHKHQVLYH3ODQ 7KHSURFHVVRIFUHDWLQJ+DVWLQJV¶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µVEDFNJURXQGVSDQVDOPRVW\HDUVRIH[ SHULHQFHZLWK0LQQHVRWDFLWLHV7KLVWUDQVL WLRQKLJKOLJKWHGWKHQHHGWRIRUPFRQVHQVXV DERXWWKHHFRQRPLFGHYHORSPHQWIRFXVRI WKH&LW\7KH6WUDWHJLF3ODQIRU(FRQRPLF 'HYHORSPHQWGUDZRQH[LVWLQJSODQVDQG FXUUHQWLVVXHVWRSURYLGHWKLVIRFXV7KH 6WUDWHJLF3ODQSUHVHQWVDVHULHVRIDFWLRQ VWHSVWRJXLGHHFRQRPLFGHYHORSPHQWDFWLYL WLHVWKURXJK+('5$ZLOOXSGDWHWKH 3ODQLQLQDGYDQFHRIWKHEXGJHW SURFHVV &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJH 3ODQQLQJ,QLWLDWLYHV 7KH&LW\VHFXUHGJUDQWIXQGLQJIRUWZRLPSRUWDQWSODQQLQJVWXGLHVWKDWZLOOWDNHSODFHLQ · 7KH'DNRWD&RXQW\&RPPXQLW\'HYHORSPHQW$JHQF\DZDUGHGWKHFLW\WR KHOSXQGHUWDNHD'RZQWRZQSURSHUW\XWLOL]DWLRQVWXG\7KHSXUSRVHRIWKHVWXG\ZLOO EHWRHYDOXDWHRSWLRQVDQGWRFUHDWHDVWUDWHJ\IRUWKHXVHRI+('5$RZQHGSURSHUW\ LQWKH'RZQWRZQDUHD7KHVWXG\ZLOOFRQVLGHUERWKZKDWLVSK\VLFDOO\SRVVLEOHDQG ILQDQFLDOO\IHDVLEOHDWGLIIHUHQWVLWHV7KLVLQIRUPDWLRQZLOOEHDQDVVHWDVZHSUHSDUH WRWDNHDGYDQWDJHRIWKHPDUNHWRSSRUWXQLW\FUHDWHGE\WKHRSHQLQJRI7KH&RQIOXHQFH ·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otals 2019 Totals Permits Permits Fences 54 63 Sheds (Under 120 s.f.)22 23 Signs 7 23 Totals 83 109 Units Valuation Units Valuation New Commercial\Industrial 3 $3,970,000.00 1 $5,750,000.00 Commercial\Industrial Remodel 54 $10,739,774.00 40 $4,169,403.00 Totals 57 $14,709,774.00 41 $9,919,403.00 2018 Totals 2019 Totals Units Valuation Units Valuation Single Family 15 $3,769,057.45 30 $6,930,695.73 Townhome (2-10 units attached)0 -0 - Multi Family(11+ units attached)88 $10,500,000.00 0 - Manufactured Home 6 $60,600.00 0 - Totals 109 $14,329,657.45 30 $6,930,695.73 2018 Totals 2019 Totals &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJH $33/,&$7,216 Type of Application 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 A v g . Comprehensive Plan Amendment 0 0 0 1 1 1 0 2 0 0 0.5 Final Plat 1 0 2 5 3 2 3 3 3 0 2.2 House Move 0 0 0 0 2 1 0 0 0 0 0.3 Minor Subdivision 2 8 15 5 5 4 0 2 2 2 4.5 Ordinance Amendment 12 9 1 1 4 3 4 2 5 4 4.5 Preliminary Plat 0 0 1 2 2 2 3 1 2 0 1.3 Rezoning 1 3 1 2 2 2 2 3 0 1 1.7 Site Plan 6 6 7 6 4 4 7 4 9 3 5.6 Special Use Permit 6 4 2 2 5 6 4 4 3 2 3.8 Variance 4 2 2 5 0 4 3 2 4 2 2.8 Annexation 0 0 0 0 0 1 0 0 0 0.1 Vacations 0 1 2 1 2 2 1 3 4 2 1.8 Home Occupation 0 3 4 1 1 0 2 2 0 1 1.4 Original Hastings Design Review 5 2 3 0 0 0 2 0 2 0 1.4 Heritage Preservation Review 25 9 23 16 23 17 16 27 19 19 19 Annual Totals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¶VZHEVLWH 7KHPHPEHUVRIWKH+('5$%RDUGRI&RPPLVVLRQHUVDUH · 6FRWW6LQFODLU3UHVLGHQW · 0DUWKD6XOOLYDQ9LFH3UHVLGHQW · 'HQQLV3HLQH7UHDVXUHU &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJH · -HQ)R[ · 5RQ7RSSLQ · &RXQFLOPHPEHU-RH%DOVDQHN · &RXQFLOPHPEHU0DUN9DXJKDQ PDUNVWKHHQGRIDOPRVWWZRGHFDGHVRISXEOLFVHUYLFHIRU+('5$&RPPLVVLRQHU5RQ 7RSSLQ5RQZDVILUVWDSSRLQWHGWRWKH+RXVLQJDQG5HGHYHORSPHQW$XWKRULW\LQDQG FRQWLQXHGVHUYLFHRQ+('5$XSRQLWVFUHDWLRQLQ+HDOVRVHUYHGRQWKH(FRQRPLF'H YHORSPHQW&RPPLVVLRQIURP-DQGWKH,QGXVWULDO3DUN%RDUGSUHYLRXVWRWKDW5RQ¶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¶V ZHEVLWH &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJH $FWLYLWLHV · 0LQRU6XEGLYLVLRQDQG9DULDQFH-)HDWKHUVWRQH5G · )DLU+RXVLQJ3ROLF\ · 6LWH,PSURYHPHQWVWR0F1DPDUD)LHOG · /DQG8VH3HUPLWWRWUDQVIRUPDYDFDQWJDVVWDWLRQWR'HDOVRQ:KHHOVDXWRPRELOHVDOHV · 2UGLQDQFH$PHQGPHQWWRDOORZNHHSLQJRIFKLFNHQVLQUHVLGHQWLDODUHDV · 5HYLHZHG&RPSUHKHQVLYH3ODQ · 6LWHSODQIRUJDUDJHH[SDQVLRQDW&RPPHUFH'ULYH · 6SHFLDO8VH3HUPLWWRDOORZVWIORRUUHVLGHQWLDODW6LEOH\6WUHHW · 2UGLQDQFH$PHQGPHQWWRDOORZFOLPDWHFRQWUROOHGVWRUDJH · +RPH2FFXSDWLRQ3HUPLWDW(DVWWK6WUHHW · 6LJQ9DULDQFHIRU'DNRWD&RXQW\*RYHUQPHQW&HQWHU · 2UGLQDQFH$PHQGPHQW-+LVWRULF$SDUWPHQWVLQ5-'LVWULFW ·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· 5LFN6PLWK9LFH&KDLU · -LOO05DJDQ6FXOO\ · 0DUN6LPDQHN &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJH &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJH · .DWKHULQH6RYLN-6LHPHQV · &LQG\7RSSLQ $QQXDO&/*5HSRUW)LVFDO<HDU2FWREHUWR6HSWHPEHU /RFDO'HVLJQDWLRQRI3UHVHUYDWLRQ6LWHVQHZLQ1RQH 5HYLHZRI%XLOGLQJ3HUPLWVDOODSSURYHGGXHWRPHHWLQJWKHORFDOGHVLJQ JXLGHOLQHVXQOHVVXQGHUOLQHG · WK6W(–3RUFKURRIUHSODFHPHQW · QG6W(-*DUDJHGRRUFRQYHUVLRQV–WRZLQGRZVDQGGRRU · WK6W(–1HZZLQGRZV · QG6W:–1HZURRI · QG6W(–1HZVLJQV-6&7R\V · QG6W:–5HSODFHSDYHUSDWLRFRXUW\DUGDQGSDWK · QG6W:–5HSODFHUHWDLQLQJZDOOVLGHZDONDQGVWHSV · QG6W(–6HYHUDOQHZZLQGRZV · QG6WUHHW(–1HZDZQLQJDQGVLJQODWHUDSSURYHGDIWHUUHDSSO\LQJEDVHGRQ+3&IHHGEDFN · 7\OHU6WUHHW–)RXQGDWLRQUHSDLU · UGVWUHHW(–5HSODFHIHQFH · DQGWK6W(–ZRRGDQGZLQGRZUHSDLU · WK6WUHHW1HZIHQFHSDQHODQG$ZQLQJURRI · QG6W(–1HZZLQGRZVLJQ · 9HUPLOOLRQ6W–5HSURGXFHGRRUVVWDIIDSSURYHG · 9HUPLOOLRQ6W–5H-VLGHGRRUVDQGZLQGRZVRQJDUDJH · QG6W:–7KUHHQHZVLJQV · WK6W(–7XUQDVLGHZLQGRZLQWRDGRRUZD\WDEOHGODWHUWKHDSSOLFDWLRQZDVZLWKGUDZQ · WK6W:–7KUHHZLQGRZVVDVKUHSODFHPHQWV 1DWLRQDO5HJLVWHU1RPLQDWLRQV7KHUHDUHVL[W\-WKUHHSURSHUWLHVZLWKLQ1DWLRQDO5HJ LVWHU'LVWULFWVRULQGLYLGXDOO\OLVWHG ,QYHQWRU\,QIRUPDWLRQ $OOQDWLRQDODQGORFDOLQYHQWRULHVDQGGHVLJQDWLRQUHFRUGVDUHNHSWLQ&LW\+DOO(WK6W +DVWLQJV7KH3LRQHHU5RRPLVDFLW\-RZQHGFROOHFWLRQRIORFDOQHZVSDSHUVERRNVPDSVSKR WRJUDSKVLOOXVWUDWLRQVDQGDIHZDUWLIDFWVSHUWDLQLQJWR+DVWLQJVDQGLWVUHVLGHQWVRYHUWKH \HDUV&LQG\6PLWKFXUDWRUKDVPDLQWDLQHGWKHUROHDVYROXQWHHURQDUHGXFHGVFKHGXOHDORQJ ZLWKWKHDVVLVWDQFHRIRWKHUYROXQWHHUV&/*JUDQWVXUYH\LGHQWLILFDWLRQDQGGHVLJQDWLRQPD WHULDOVDUHDYDLODEOHWKURXJK-XVWLQ)RUWQH\RQWKH&LW\VWDII 7KHKLVWRULFVLWHVLQYHQWRU\LQFOXGHV1DWLRQDO5HJLVWHUDQG/RFDO3UHVHUYDWLRQGHVLJQDWLRQV IRUWKH(DVW6HFRQG&RPPHUFLDO+LVWRULF'LVWULFW15:HVW6HFRQG5HVLGHQWLDO+LVWRULF'LV &RPPXQLW\'HYHORSPHQW$QQXDO5HSRUW 3DJH WULFW15WKLUWHHQLQGLYLGXDO15VLWHVWKH2OG+DVWLQJV+LVWRULF'LVWULFWORFDODQGWKH &/*VXUYH\RIKLVWRULFVLWHVDQGSODFHV $VVXUDQFHV–0D\RU0DU\)DVEHQGHUKDVSURYLGHGDVVXUDQFHVUHTXLUHGE\VWDWXWHWKDW WKH+DVWLQJVSUHVHUYDWLRQSURJUDPKDVEHHQRSHUDWHGLQOLQHZLWKDOODSSOLFDEOH6WDWH6WDW XWHV /RFDOO\GHVLJQDWHGSURSHUWLHV-6HHPDSRQQH[WSDJH 7UDLQLQJ+3&&RPPLVVLRQHUV.DWK\6RYLN6LHPHQVDQG&LQG\7RSSLQDWWHQGHGWKH +LVWRULF3UHVHUYDWLRQ&RQIHUHQFHLQ6W&ORXGLQ6HSWHPEHU 2WKHUDFWLYLWLHV7KH+3&DFFHSWHGQRPLQDWLRQVDQGDZDUGHGSODTXHVUHFRJQL]LQJH[ HPSODU\ZRUNLQKLVWRULFSUHVHUYDWLRQWRWKHRZQHUVRIWKHIROORZLQJVL[SURSHUWLHVDWWKH0D\ &LW\&RXQFLOPHHWLQJ · )LUVW8QLWHG3UHVE\WHULDQ&KXUFK-9HUPLOOLRQ6W · 5LWD'DKO-WK6W: · 0LFKHOOH7KRPSVRQ-QG6W: · $QWRQL*UJXURYLF-WK6W( · :LOOLDPDQG$QQ6\OYDQGHU-WK6W: 7KH+3&KDVEHJXQRIIHULQJ&HQWXU\+RPHSODTXHVIRUSXUFKDVHE\SURSHUW\RZQHUVRI EXLOGLQJVWKDWDUHDWOHDVWRQHKXQGUHG\HDUVROGDQGPHHWDPLQLPXPVWDQGDUGRILQWHJULW\ 7KLV\HDUWKH+3&SUHVHQWHGWZRSURSHUWLHVZLWKSODTXHVDWQRFRVWWKDWWXUQHGWKLV\HDU ZƵƚŚDŝƚĐŚĞůů-ϳϭϯϮŶĚ^ƚtĂŶĚZŽďĞƌƚ<ƌŝƉƉŶĞƌ-ϮϬϭϴƚŚ^ƚt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