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1
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2
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- U.S & California economies are growing, but not like the boom of
late 1990s
- Short-term interest rates will go higher; Long-term rates will increase,
but slightly (2007 – both short- and long-term rates expected to
go higher)
- Inflation has increased – 3.5% overall – U.S. (2.1% when you
exclude energy and food) (Expected to decline in 2007)
- Unemployment down; greater competition by employers to fill jobs with
less of an available job pool; compensation rising
- Personal income is rising – 5.6% U.S.; 6% California
- Central Valley region fastest growing area in state
- Taxable Sales up everywhere – especially in Bay Area (tourism)
- Housing prices stabilizing in California at overall price of $550,000;
Housing bubble not expected to collapse; No big housing price decline
anticipated – housing sales will just take longer, but will sell;
population still growing
- Growth in all sectors of tourist economy; In California, occupancy rates
higher than last year; more foreign visitors; higher hotel/lodging rates
- California tax revenues up – sales and corporate income taxes
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(Where we were in 2000 – will State spend it all?)
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3
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- Politically unstable and divided community
- Differences based more on personality than on issues
- Large moderate middle of community turned off by the politics of the
Town-- stays away from any involvement or participation with the Town
- No clear direction, goals or objectives because of the political
paralysis; many opportunities lost or not pursued
- Town reputation – hard to work with, highly bureaucratic and
unresponsive, reactive rather than proactive, narrow rather than broad
approach to services and programs, financial house in a mess
- Local economy at a standstill; no substantive programs for Town to turn
it around
- Minor role in regional issues
- Very little collaboration or proactive outreach by the Town with other
agencies or community groups
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4
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- Politically stable community
- Significant number of citizens of all ages involved in the governing
process of the Town
- Large number of citizens serving as volunteers to the Town
- Clear direction, goals and objectives
- Progressive, proactive and forward-thinking, “can-do”
attitude
- Financial house in order and getting better
- Highly accessible, responsive, customer service-oriented
- Broad range of Town programs and services
- Dynamic economic development/revitalization program – local
turn-around of economy
- Town playing a critical role in collaborative efforts with other
agencies and community organizations (i.e. County/Town Ad-Hoc Committee,
County/Town solid waste issues, Paradise Community Village (Paradise
Youth Sports & Family Center Project).
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5
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6
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- Population in 2005 was 26,500 (annual percentage change of -0.6% from
previous year)
- Population gain of 1,350 since 1990
- Town’s growth rate behind 1994 General Plan projections (31,114)
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7
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8
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- Paradise’s total land is 18.5 square miles. As of 2005, the population
density in Paradise was 1,432.4 residents per square mile, putting it
well above the overall California population density of 235.6 people per
square mile and Butte County’s 130.6 residents per square mile.
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9
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10
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- 2004 Single Family Housing Sales - $113,063.320
- 2005 Single Family Housing Sales - $133,701,907
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11
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12
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13
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14
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15
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16
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17
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18
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19
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20
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21
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- 2003 was the banner year in terms of number of permits and valuation.
- 83 single-family residential building permits valued at $9,855,250.00,
which is the same number of permits but the valuation was $2,000,000.00
lower.
- 171 permits for residential remodel/additions valued at $3,528,670,
which is more permits than 2004 but the valuation is $890,000 less.
- 11 new commercial building permits valued at $515,662. (Less permits than 2004, with a
valuation of $400,000 less. Anticipate huge increase in 2006/2007.)
- 29 commercial alterations/remodels valued at $1,213,607 (less permits
than 2004 but increase in valuation over previous year – much of
it occurring in RDA project area.
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22
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23
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24
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- Total bank deposits: $468,000,000 (Increased by $20,000,000 from 2004)
- Actual breakdown of deposits:
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25
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- Low, manageable rate of population growth expected within current town
limits.
- Factors that will maintain low growth rate:
- Natural development constraints due to topography
- Continued turnover of existing residential properties – higher in
older populations
- Lower residential densities
- Limited number of home sites still remaining for development –
1,000
- Significant residential development outside of town limits and other
parts of the County.
- Future annexations by the Town will not add significant population to
Paradise (i.e. Sierra Preservation Partners, etc. 600 acres)
- Upper Ridge growth and potential growth in lower Pentz/Lime Saddle areas
represents current and potential impacts on Paradise. (County General
Plan input; Mello-Roos CSD’s, traffic, public safety, etc.)
- Even small rate of growth will require more affordable housing, will
place increased demands on existing resources and services and add to
current use of overburdened and deteriorating streets and roads.
- Paradise will continue to be affordable housing alternative to Chico
despite huge inflated housing prices in the last 4 years.
- Increased graying of Butte County and Paradise/current migration into
County and Paradise primarily 40-55 years.
- Town encouraging future residential developments that reflect greater
diversity of housing options – town homes, patio homes, mixed
commercial/residential (in the RDA project area/Downtown), more
pedestrian/open space/greens – oriented single family
developments.
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26
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- This year’s general fund will end the fiscal year with a balanced
budget despite this last year of state budget cutbacks
- Local economy showing positive signs of growth
- Our share of local property tax revenue is up
- Current commercial/retail sales growth should benefit Town next fiscal
year
- No more cutbacks from the state next year (HOORAY!)
- Building activity/development will continue to be strong
- Limited state transportation funding restored/Town securing federal
grant monies for streets/roads projects
- Public pension retirement rates and health insurance premium increases
should “smooth” or level off next fiscal year.
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27
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28
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29
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30
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31
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- In the past 10 years, the Town has expended $2,247,086 in grant funds to
improve our housing stock, improve our neighborhoods, and provide home
ownership opportunities for lower income residents.
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32
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33
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34
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35
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36
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37
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38
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39
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40
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41
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- More jobs
- Improved roads and infrastructure
- Greater public safety/reduced crime
- Affordable housing
- Cleaner environment
- Improved neighborhoods
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42
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- Commercial Building Façade Renovation Program
- Business Recruitment Program
- Business Expansion Program
- New Business Start-Up Program
- Sign Design and Replacement Assistance Program
- Pole Sign Replacement Program
- Tie-in to SBDC, SCORE, Tri-County Economic Dev. Corp.
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43
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- Property tax increment earnings for the first two years of redevelopment
have exceeded original projections by 4-6 times.
- FY 2004/05 – the second year of redevelopment produced an 8%
increase in assessed valuation in the Redevelopment Project Area while
the rest of the community realized a 6% increase.
- The number of retail businesses in the RDA Project Area grew from 329 to
351 last year.
- For the first time in 25 years, the greater redevelopment project area
surpassed the Clark Road commercial corridor in retail sales.
- Average retail sales growth by retail businesses that have participated
in the Town or RDA’s commercial building façade renovation
program is 22.5%
- The Town and RDA have provided over $90,000 in commercial building
façade renovation grants and loans since the Program’s
inception, and has leveraged over $1.5 million in private investment
spending.
- The RDA has provided $65,000 in grants and loans over the last year for
new business start-ups, business expansions and relocations, and
leveraged over $1.65 million in private investment spending.
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44
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45
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46
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47
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48
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49
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50
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51
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Notes
