CRAAB Minutes 5.28.26

Community Redevelopment Advisory Board Regular Meeting · 2026-05-28 · minutes

The Community Redevelopment Advisory Board (CRAAB) met on May 28, 2026. Key actions included the approval of the West Fairbanks Catalyst Development (CDP) and Septic to Sewer (STSP) programs. The CDP has a cap of $500,000 per project and $1,000,000 per year, with funding as a fee waiver. The STSP has a cap of $20,000 per property. A joint session with the Economic Development Advisory Board (EDAB) was suggested but deemed unnecessary by staff. Public comment included a request for a joint session to discuss the city's future development and vision. The board also discussed prioritizing capital projects, focusing on workforce development, affordable housing, mixed-use development, parking, transportation, and housing. An update was provided on a potential public/private parking garage, with an RFQ approved. Staff updates included ongoing MLK Park construction, planned side street lighting in Hannibal Square, and a pending grant application for Lake Rose. Upcoming agenda items include revisiting discussed items, the FY 2027 budget, and preliminary tax-based amounts. The board was informed about potential impacts of the Governor's property tax relief plan on the CRA budget.