City of Maryville officials have announced that applications are now available for a new program designed to encourage the owners of dilapidated structures to demolish old buildings and redevelop their property.
Known as the Campus Town Redevelopment Incentive Program, or CTRIP, the initiative is limited to the so-called Campus Town Overlay, a newly created zoning district comprising about 40 blocks to the east of Northwest Missouri State University.
Most of the overlay district consists of rental homes and older houses that have been carved up into apartments.
In an effort to encourage property owners and developers to make improvements, the city will, for qualified applicants, waive both tipping-fees for demolition debris disposal at the municipal solid waste transfer station and permit fees associated with redevelopment.
Providing applicants meet all requirements, permit fees can also be waived for new construction on vacant lots.
The city currently charges permit fees for such tasks as installation of new water and sewer infrastructure as well as demolition, construction, plumbing, and mechanical and electrical work.
City Manager Greg McDanel said waiving permit fees permit fees should save the average developer between $8,000 and $12,000 per project.
The city's recently adopted comprehensive plan identifies Campus Town as a preferred area for high-density housing, such as duplexes and apartments, and zoning rules allow households there to comprise as many as four unrelated persons. The "family" standard elsewhere in Maryville is two unrelated persons.
In addition to cleaning up aging and blighted neighborhoods in central Maryville, McDanel said encouraging redevelopment near the university should have the added benefit of providing better housing options for university students choosing to live off campus.
McDanel said potential developers have already expressed interest in the program, but emphasized that the initiative is not a free pass.
Incentives, he said, will be granted on a case by case basis to pre-designed projects that "show significant redevelopment potential and benefits to the overlay district."
All properties approved for redevelopment under program guidelines must be free of tax liens, utility fees and civil penalties.
Upon approval, developers have three months to demolish the old structure and a year to complete redevelopment unless an alternative timeline is approved ahead of time by City Hall.
Though no money changes hands, McDanel said wavers will essentially be treated as forgivable loans, meaning that the city will seek recover all fees if the project is not completed satisfactorily. Sale or transfer of the property within the performance agreement period would also result in fee recovery efforts.