CC-pkt-2026-07-23

City Commission Work Session · 2026-07-23 · agenda_packet

[401 S. Park Avenue (City Hall)] The City Commission held a work session on July 23, 2026, to discuss redevelopment incentives for the W. Fairbanks Corridor. Key programs include the Catalyst Development Program (CDP) for large-scale, mixed-use projects requiring a minimum of 1 acre and $2.5 million in development cost, and the Commercial Septic to Sewer Conversion Program (STSP) to improve water quality and support small businesses. The CDP prioritizes projects that integrate residential, commercial, office, and civic uses, and offers incentives up to $500,000 per project. The STSP offers up to $20,000 in grant funding for commercial and multifamily properties within the CRA to connect to the city sewer system. Both programs are intended to address market gaps, financial feasibility challenges, and promote reinvestment in the West Fairbanks corridor. The meeting also included a discussion on the Electric Cost of Service and Net Energy Metering (NEM) policy, with a public outreach effort planned to gather feedback on the NEM policy. A consultant, Leidos Engineering, is updating the Electric Cost of Service and Rate Study.