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F I S C A L I M P A C T R E P O R T

SPONSOR Robinson

DATE TYPED 3/3/05

HB

SHORT TITLE Albuquerque Near Heights Metropolitan Redevelopment SB 914

ANALYST Hadwiger

APPROPRIATION

(in $000s)

Appropriation Contained Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05

FY06

FY05

FY06

$200.0

Non-Recurring General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Department of Finance and Administration (DFA)

SUMMARY

Synopsis of Bill

Senate Bill 914 appropriates $200,000 from the general fund to the Department of Finance and

Administration to implement a community-based near heights metropolitan redevelopment plan

and related sector plan in Albuquerque.

Significant Issues

The redevelopment plan of near heights metro was approved by the city of Albuquerque in 2000.

The old plan consisted of redevelopment of the business district. They received an appropriation

in 2001, which assisted with street improvements and street lighting for the area of the business

located on Louisiana and Central. The city had assistance by a private corporation to build the

new business district. Currently, the plan is to update and recreate the redevelopment plan to in-

clude other items such as housing; the plan, design of renovation, eventually build new construc-

tion for housing for the area; as well street lighting improvements, street improvements to in-

clude curb, gutter and sidewalks.

This area of the metro is considered the "war-zone". The area consists of old apartments, mostly

duplex and multiple family housing. The city is hoping to establish new housing that would sta-

Senate Bill 914 -- Page 2

bilize the area into single family housing.

As for redevelopment of the businesses, the city wants to create a more secure and safe area for

new businesses to grow within the area. The city would like to improve the street lighting, street

improvements and make the public right of way safe.

FISCAL IMPLICATIONS

The appropriation of $200,000 contained in this bill is a non-recurring expense to the general

fund. Any unexpended or unencumbered balance remaining at the end of FY06 would revert to

the general fund.

ADMINISTRATIVE IMPLICATIONS

DFA and City of Albuquerque would enter into a contract. DFA would follow the procurement

code to spend the appropriation for the redevelopment plan.

POSSIBLE QUESTIONS

1.

How would the redevelopment plan affect the New Mexico State Fair.

DH/yr