Updated February
2011
City of Independence Fairmount‐Carlisle 353 Residential Tax Abatement and Design Guidelines for Parcel Specific Properties I.
Introduction This document establishes procedures for the utilization of parcel specific tax abatement included in the Fairmount‐Carlisle 353 Redevelopment Plan (FCRP) approved by the City of Independence, Missouri, by Ordinance No. 16615, on February 20, 2007. The approved Redevelopment Plan allows the Fairmount‐ Carlisle 353 Redevelopment Corporation to receive abatement of property taxes for properties that are redeveloped or rehabilitated in accordance with the Redevelopment Plan. The Redevelopment Corporation has the option to assign or “pass on” the real estate tax abatement to the owners of specific parcels (“Parcel Specific Tax Abatement”) if they, too, redevelop or rehabilitate the properties in accordance with the Redevelopment Plan. The ability to assign property tax abatement to others differs from most Chapter 353 Redevelopment Plans, which assume that a redevelopment corporation will own and redevelop all properties within the redevelopment area. The primary benefit of tax abatement, therefore, flows to the redevelopment corporation in such projects. Properties included in the abatement area are generally bounded on the far west by Hillcrest running southwesterly along the Union Pacific Railway to Brookside Avenue; the boundary continues East along Truman Road to the area just west of Forest Avenue; the boundary then runs north to U.S. 24 highway; on the north again along U.S. 24 Highway from approximately Forest Avenue to just east of Hardy; and on the east from approximately Hardy Avenue to Evans; along the north along the municipal boundary at approximately Evans, Parkview and the city owned property located north of Norledge Avenue; and between Home and Hillcrest. The Fairmount‐Carlisle 353 Redevelopment Plan – Amendment 1 includes the Procter, Bristol and Fairland Heights neighborhoods, in addition to the original Plan area neighborhoods (Mt. Washington, Fairmount, Carlisle and Bundschu) located northwest Independence, as indicated by the Vicinity Map. Exhibit A. The Amendment 1 documents include the parcels from the original development plan, and additional parcels on the south side of Truman Road from the railroad tracks north of Turner Street and Crysler Avenue to include both sides off 18th Street to Brookside Avenue. The expanded area also includes properties along both sides of Brookside Avenue from 18th Street to the northern city limits with exclusion of Mount Washington Cemetery. This area would include an additional 2,249 parcels and bring the total number of parcels in the revitalization area to 4,893.
II.
Purpose and Applicability The purpose or intent of this program is to give the owners of specific parcels an incentive to rehabilitate their properties. As properties are thus improved over time, and other improvements are made as outlined in the Fairmount‐Carlisle 353 Redevelopment Plan, the redevelopment area is revitalized, which is a primary goal of this plan. These guidelines specify minimum standards and requirements that should be met to ensure that the rehabilitation of parcel specific properties accomplishes the goals of the Fairmount‐Carlisle 353 Redevelopment Plan for neighborhood revitalization. These guidelines apply only to rehabilitation projects where Parcel Specific Tax Abatement is used.
1