|Date Requested:January 22, 2011
Time Requested:11:12 AM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
|The purpose of this legislation is to expand the Municipal Economic Opportunity Act to include Class III cities, and Class IV towns or villages.It also adds the remediation of former coal mine sites to the list of permissible development expenses.It also recommends that if a proposed project is large enough that the Development Office consider requiring the Developer include housing in the District with 10% of the housing being affordable housing.We are unable to assess the impact of this legislation on the cost of current agency operations because we have not received any applications to date to create any of these Districts under the current Act.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
Although we did not submit any estimated costs for this legislation to the Development Office, if the number of applications to create these Districts were submitted to this office, we may need an additional staff person to handle the extra work. The estimated cost of this person, including support costs, would be $100,000.
|The Development Office currently has limited expertise in the area of housing , so we would suggest that this legislation be changed to involve the WV Housing Development Fund in any Districts that involve a housing component. Otherwise the Development Office would probably have to contract with the Fund to monitor the housing component of these projects. Also,the portion of this bill which seems to remove the State from funding any future infrastructure improvements in one of these Districts could hamper infrastructure improvement projects in other areas of the municipality surrounding the District. In other words ,would the developer be willing to allow areas outside the District to be connected to the District's water or sewer lines|