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HomeMy WebLinkAbout04 Inner City RoadMEMORANDUM DATE: August 22, 1994 FROM; Raymond J. Parker, Jr., Mayor TO: Members of Common Council SUBJECT: Proposed Inner City Road This memorandum provides information on a proposed road connecting Highway 62 (10th Street) in east Jeffersonville with U.S. Highway 31, a future interchange on Interstate 65, and Clarksville's Inner City road portion north of Jeffersonville. It is a project that has been discussed for many years with no decision ever made by the City to move forward with definite implementation actions. With the rapid growth that is occurring in the north part of Jeffersonville, time is short if the City desires to construct an inner city route connecting the north and east parts of Jeffersonville. The Mayor's Office has compiled information regarding the history, need, pros and cons, estimated cost, method of finance and suggested procedures for building the road. Hopefully, • this information will stimulate thought and discussion and help us decide whether to proceed with or drop the Inner City Road as a project. Please review the information and be prepared to discuss this important matter at the Council meeting on August 29, 1994. PROPOSED INNER CITY ROAD PROJECT The proposed Inner City Road Project involves the construction of about 2-1/2 miles of new roadway linking Tenth Street (Highway 62), U.S. Highway 31, a future I-65 interchange, and Clarksville's portion of the road. The connection with 10th Street would be to the east of Northaven School and with U.S. 31 to the north of the "Louisville Slugger" plant, near Theater "X". The project will extend on totally new alignment crossing such local arterials as Jeffersonville-Charlestown Pike, New Albany-Charlestown Pike and Hamburg Pike. The road alignment will be coordinated to match the location of any future interchange on I-65 and Clarksville's portion of the road to the north, and a possible expansion south to Middle Road. See the attached map for a general location of the proposed alignment. PROJECT HISTORY The need for and proposal for an inner city road have been discussed since 1969. FN:Misc/Im~wCty.PWP ~~- o ~ _ • l ;• - 4 11 ~ `bs, v. _ _ ~, \, • •. • 1 7 ~ c • 9~ a P i~ _ o . Y•" v _. , , ~_ \ C ' •. _ __ ' \ ~\ \ ' , ~~s Phi a ~ ~ m , f~ o r-+ d _~_ • . •i .. ~:-- ~ ~ L, i '° < _ ~ --7 i. ~ N! A ~~ ;~ ~ .. '~ ~ r ~ w ~_ ~ ~. ~.yi ~ A i ~ fi' ~ y \ . ~) c - -- _._ ~ _ O I ~~ ~' ~y A ~ • / _ --- • . 1, ~ ~ ~ '. ~ ~ _ / 0 . ~. + • -l./ ~ ~ ( \ ~ ~kg >. p~ . ~. .X. i iG o~~~ o) ~~~.~ ~ ~ + . ~d _ ~~ ~ ~ ~ \N ~~ . o ._ U ~._ ~ 1 y~ s ,, , , ' ~ • .Y {,®; o . • - ~ 'y~ • l v o ~ ~~ ~, . z ~ ia. Yr'a~~~. -• ~ - o'•- '~ `J~9yyyy,~. .. ~ ~~ •. ( ;_: . ~~ - dag • s -___ -_ ~ ~ rn x0 ~~ ., ~ cry, ~- ~ ~. '?3 ,~ ~\ ~ ~ f ~'_ d; ~ i d ~ ~ ~ ... _ . . - ~, i ' _ , L -- ' -- - - J _ _ ~ ., ~ ' ~ m ,_- ~ -.-. -,- o . • ~' "< . , ,T a . , ,.. .: ~r~~ 00 ~ ~ ~~ ~ ~ o ., , ~ U ~ ~ ,, e _ o ~ w ~, ~ ~ ,~: .., ~ _ , ~~ ~ ,, ~ ~ \ ~5 ~., , ~ ~ ~ 1\ ray ~~~ - ,~, ~ .~ ~ ~ ~ 1 "~ ~ a ~ '~ ~ .. ~ ~ v ~ .tom • i o v , ~, . ~. c i hW ~, ti ~ ~ / ~~ ~ ~ ~~ i 1 ~ ~~. /~ ~ _ w ~ ~ J ~ " cgs . ~ ~ w /~ / ~ ._ -- ~ ~ ` ~ _ ~ ~; ~ i . ~ ~ l ~ / \ • [[ x '' ~ a ~ -~ ~ ~ ~~ ~~ ~ ~ o \ ~ ~~ ~, I / 0 ` ; ; ~ ;_ V / i~ ~ ".." ~j. ~~ ~~ V 1 / A ,. ~~~ \ T ' ox ,~ /, t c o , a / ~~ C~~'' ,~ ~ ~ ~ ~ ~ ~ ~~ _ ~ ~ .~: ~-~ ~ v -? --~ co ry ti i.~ ~ o i -- ~$ ~ \ - r A Louisville Metropolitan Comprehensive Transportation and Development Plan adopted in January, 1969 proposed an inner county highway connecting Indiana 111 in Floyd County and 10th Street in Jeffersonville. It provided the equivalent of an inner city road through Jeffersonville proposing an alignment running from 10th Street's intersection with Springdale Drive, passing just north of Thomas Jefferson School and then connecting with Highway 31 east of I-65 before continuing on to New Albany. Also included as part of the proposal was an interchange on I-65 between Eastern Boulevard and Charlestown-New Albany Pike. In 1974, an Analysis of Traffic Improvement Proposals for Jeffersonville proposed a route that extended from 10th Street and connected with U.S. 31 in the vicinity of Potters Lane. In 1978, a Comprehensive Plan for the City and its planning area proposed an inner city road alignment that generally follows the route now being considered. In 1987, the Indiana Department of Highways prepazed a Corridor Alignment Study and Environmental Assessment for a proposed inner city road. The study was reviewed and approved by the Federal Highway Administration. In 1991, the revised Comprehensive Plan that was adopted by the Planning Commission and Common Council recommended the Inner City Road and incorporated the alignment in the City's thoroughfare plan. The Inner City Road Project is a recommended improvement in the Metropolitan Planning Organization's (KIPDA) current Transportation Improvement Program. In conclusion, the proposed Inner City Road has been strongly recommended for over twenty years. It has not, however, been able to advance beyond recommendation to reality. NEED FOR INNER CITY ROAD A major traffic circulation deficiency is the need for loop routes that would enable traffic between the east and north parts of Jeffersonville to move azound rather than through the congested center of the City via 10th Street. This need has become increasingly essential with the recent growth that has occurred in the north part of the City. City-bound traffic would still continue to go to downtown Jeffersonville. Some "Pros and Cons" of the proposed Inner City Road are: FN:Misc/4merCty.PWP PROS • Provide better access through the north and east parts of the Jeffersonville Area by providing a northwest/southeast connector. Virtually eliminate the use of Sportsman Drive and Tall Oaks Drive in Northaven as the cut-thru between SR 62 and Jeff-Charlestown Pike. Eliminate the need for certain through traffic from the north and east to enter the congested northcentral part of Jeffersonville to access I-65 and U.S. 31 or continue west to Clarksville and New Albany. Open new land for commercial and residential development thereby creating new jobs and increasing the City's tax base. Provide major, convenient access to the rapidly developing parts of Hamburg Pike, Jeffersonville - Charlestown Pike and New Albany -Charlestown Pike. Without the proposed Inner City Road, access to the areas served by these thoroughfares will become increasing difficult. Stimulate commercial development at the northern and southern terminus of the proposed route. No acquisition of houses or structures is currently necessary; however, rapid development in the north could change this situation if prompt action is not taken. Potential connection with a new I-65 interchange north of New Albany - Charlestown Pike being considered by the Indiana Department of Transportation. Also, a direct connection with a planned Inner City Road segment in Clarksville. Eliminate congestion at the current I-65 interchange at New Albany -Charlestown Pike (Cementville exit) by relocating the interchange north to align with the inner city road. This relocation will greatly improve ingress/egress to the Jeffersonville Industrial Park from New Albany-Charlestown Pike. Increased safety by diverting through traffic from the west part of 10th Street and arterials in the north part of the City. CONS Conceptual Plans for the Buttonwood Subdivision will need to be revised to accommodate the Inner City Road Corridor. Unincorporated portions of the proposed roadway corridor have to be annexed to realize the financial benefits of potential development. Such action may create controversy from property owners opposing city taxes. ,~ FN:Miec/ImierCty.PWP NEED FOR ANNEXATIONS As will be presented later in this memorandum, the most feasible financial instrument available to the City is Tax Increment Financing (TIF), which is authorized by State Law. This would require the delineation of a TIF Area (Tax Allocation Area), which would cover available land on which commercial development could occur. (Lands tazgeted for residential development would be omitted.) The proposed Inner City Road will significantly influence development in azeas that aze outside the corporate limits of Jeffersonville. In order to benefit from this development and to capture the tax increment needed to pay the TIF bonds, the City needs to consider annexation of unincorporated azeas near the road corridor. This would involve unincorporated land generally located along Hamburg Pike between New, Albany - Chazlestown Pike and Potters/Coopers Lane; and generally located southwest of Holmans Lane and surrounded by the present city limits. These are two areas that the City should consider annexing regardless of the Inner City Road Project. The proposed annexation plan will also include the annexation of Hidden Lakes Subdivision located north of the Meadows Subdivision. A map showing the proposed annexation and TIF Area is attached to this memorandum. • COMPANION PROJECTS Jeffersonville-Charlestown Pike Reconstruction The reconstruction of Jeffersonville-Chazlestown Pike, from Hamburg Pike to Holmans Lane, is another project that has been considered for development or a companion project to the Inner City Road. This road provides ingress and egress to most if not all of the residential subdivisions that aze developing in the azea. Consideration has been given to develop this project now with the Inner City Road. Sanitary Trunk Sewer on SR 62 At the present time, the 12 inch sanitazy sewer that serves the area of Jeffersonville High School, the Eastgate Shopping Center, and the subdivisions and azea near the intersection of SR62/Allison Lane/Holmans Lane, flows at neaz capacity during dry weather periods, and overflows at times during wet weather periods. Due to this lack of sewer capacity, some potential developments that have requested City approval in this area have been turned down, and no future development can be approved. FN:MiacMnerCty.PWP ~ ~~ ' o .St~'U ~ ~! \C {Sp ~ '•. \\ / .. 480 w o / '• •• iQ ~ . . ~ C Tra le C ~ VV ~ =RJ ~ q ° ••• ~ f: • ~ ~ M ; ° ,1 ~ '. ° .d \\ ~ 11 o•' • 8 550 • QQ ~ ~~ ~~` • ~s •\\ ~ • . yam. .~ o ~ _ 47 il 47 `' ~ • - \ er Tra Park •. .o° ° , o r - ~~ ~~ \. R~ \;o ! o ~ ~~ ~ '_ 1 ti° .\ ~ Z y 6 • .,~~,• O o ~~. , ~ -.. .~ / ~ • ~ ~ ~ , _ ~ o• SO\ \ o 00 i "~ H s e to ~' _ • "~~~ ~ A ury ~ Ch el S4~ ~ ii ii / ~The~te ~a ~ , L • i so PI ,° ill _ ~ \ ~ ~*~ • , ,.. ~ o • 3l ~' S~ ~ 21 -- ~ . ` F' ~G ~O ~ "~ ~ ~, 4 u. ~ • * 0 cA 516 h '> ~ \ y3 : t~ • ••` h ~ .~ • r i / 9 R~ ~• V • • .. ~` .~` D { / 3 ,roy ~~ ~ 3 ,~ . 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Procedures for establishing a TIF would involve: • Master Planning studies being completed by the City's Engineers show that a 24-inch diameter pipe installed along SR62 from Avondale Court/Rhonda Drive to Allison Lane, connected to the Millcreek Pumping Station, will provide the required capacity to serve all of the available service area, including lands in unincorporated areas targeted for annexation and commercial development. ESTIMATED COST The estimated cost of the proposed Inner City Road from 10th Street to U.S. Highway 31 north of New Albany -Charlestown Pike is $ 4,500,000. This cost includes right-of--way acquisition, engineering design, construction of two travel lanes and turn lanes at appropriate intersections and construction management. `~ The estimated cost of the Jeffersonville-Charlestown Pike Project is $2,500,000, and also includes Right-of--Way acquisition, engineering design, construction, and construction management. The estimated cost of the SR62 Sanitary Sewer Interceptor is $1,000,000 and includes construction, engineering design, and inspection. I • METHOD OF FINANCE The proposed Inner City Road is listed on the Transportation Improvement Program for the Louisville and Southern Indiana Urbanized Area and can potentially qualify for Federal-Aid Highway Funds. Realistically however, this is only likely to happen in the long range future by which time all potential alignments will be blocked by new subdivisions and cost will be escalated to a prohibitive figures. It appears, therefore, that the City has two options: take immediate action to start the implementation process; or drop the project. If the decision is to take action, there is a possible means of financing the project through Tax Increment Financing (TIF). TIF is a means of financing authorized by Indiana State Law, and involves the issuing of tax increment bonds to pay for the proposed project, and then using any increase in property taxes generated by new development within the designated TIF Area to meet the bond payments. All current indicators show that sufficient development would occur within the proposed TIF Area in the near future to support the repayment of the bonds without having to raise property taxes to meet the bond payment schedule. Procedures for establishing a TIF would involve: • Delineation of TIF Area (tax allocation area). • Preparation of Economic Development Plan for TIF Area. FN: Miec/Im~erCty. PW P • Declaratory Resolution by the Redevelopment Commission. • Planning Commission approval (disapproval) of the Declaratory Resolution and Economic Development Plan. • Common Council approval (disapproval). • Upon the Council's approval, the Redevelopment Commission, after publishing the proper notices, holds a public hearing and adopts the TIF. RECOMMENDATIONS It is my recommendation that we proceed with the development of the Inner City Road Project, and the SR62 Sanitary Sewer Interceptor Project:- These projects combined will cost the City approximately $7.0 million dollars (inclusive of Legal, Financial, Bond Issuance Costs) if we proceed with them now. At this time, I am not recommending that we proceed with the Jeffersonville-Charlestown Road Project due to the increased total project cost. The City is currently in a position to plan ahead and develop these projects that will attract economic development, create new jobs for our citizens, increase our tax base, and spur economic growth in our City. For once, perhaps, we as City leaders will not have to act "after the fact" to develop this transportation corridor when newly developing areas of our I • City demand it. I sincerely request your cooperation and endorsement in pursuing these projects. IMPLEMENTATION PROCEDURE Following is an outline of the actions needed to implement the proposed Project and their order of occurrence if the City decides to proceed with the project. 1. Begin annexation of unincorporated land within the proposed TIF Area; completion of all annexation (studies, ordinances, remonstrance periods, etc.) by June, 1995. 2. Set up interim financing mechanism. 3. Acquire property in the Buttonwood Subdivision before further improvements are made. 4. Begin preparation of Economic Development Plan and resolutions for the TIF Area; completion by June, 1995. 5. Complete all necessary approvals and hearings related to the TIF bonds by September, 1995. 6. Complete engineering design by September, 1995. 7. Acquire right-of--way by December, 1995. FN:Misc/Im~mCry.PWP • 8. Receive construction bids in February, 1996. 9. Issue TIF bonds in April, 1996. 10. Bond closing and begin construction in May, 1996. FN:Miec/Im~erCty.PWP