City of Somerville
Massachusetts

Agenda Item
190977
Placed on File
May 12, 2011 7:00 PM

30 Conveying the Assembly Row DIF Consultant Analysis on municipal service impacts.

Information

Department:Economic DevelopmentSponsors:
Category:Mayor's CommunicationFunctions:Communication

Body

To the Honorable Board:

 

I am pleased to submit to you for your review W-ZHA’s report entitled “Fiscal Impacts of Phase I of Assembly Row”. The report ascertains to the municipal impacts relating to the development of Blocks 1, 3, and 4 of Federal Realty Investment Trust’s (FRIT) as identified in the Amended 2010 Assembly Row Preliminary Master Plan.

 

The report concludes that there is projected to be an increase to municipal services in the amount of $37,500 annually from increases to DPW services and the addition of 44 children to the School Department. These are additional de minimis change to the operations of the City overall that are less than $1,000 each.

 

Please note that the increase in land values outside of the DIF District will increase as a result of the new roadways and infrastructure, a value which greatly exceeds the nominal increase that has been calculated.

 

OSPCD staff will be available to respond to any questions you may have.

 

Respectfully,

 

Joseph A. Curtatone

Mayor

Meeting History

Mar 10, 2011 7:00 PM Video Board of Aldermen Regular Meeting
RESULT:REFERRED FOR RECOMMENDATION
Mar 31, 2011 6:00 PM  Finance Committee Committee of the Whole

Mr. Pate, of WTHA, discussed his consulting work and spoke about marginal expenses, average costs, how the city’s expenses would increase, how these costs would be absorbed and how the city would benefit financially from the proposed development. A request was made by Alderman Gewirtz for a more thorough analysis of the costs.

RESULT:KEPT IN COMMITTEE
Apr 6, 2011 7:00 PM  Finance Committee Committee Meeting
RESULT:KEPT IN COMMITTEE
Apr 13, 2011 7:00 PM  Finance Committee Committee Meeting
RESULT:KEPT IN COMMITTEE
Apr 21, 2011 7:00 PM  Finance Committee Committee Meeting
RESULT:KEPT IN COMMITTEE
May 2, 2011 6:00 PM  Finance Committee Committee Meeting
RESULT:KEPT IN COMMITTEE
May 10, 2011 6:00 PM  Finance Committee Committee Meeting
RESULT:WORK COMPLETED
May 12, 2011 7:00 PM Video Board of Aldermen Regular Meeting

Ald. Trane recused.

RESULT:PLACED ON FILE