Metropolitan Redevelopment Plan (FIR)

Extracted text

FISCAL IMPACT REPORT
General Information:
(Check) Bill: Resolution: X
Short Title(s): Approving the Midtown Metropolitan Redevelopment Area Plan
Sponsor(s): Councilor Jamie Cassutt, Councilor Amanda Chavez, and Mayor Michael Garcia
Reviewing Department(s): Metropolitan Redevelopment Agency Department
Staff Completing FIR: Carly Venditti, MRA Department Deputy Director
Date: 5/5/2026 Phone: 505-795-0675
Reviewed by City Attorney: Date:
Reviewed by Finance Director: Date:
Summary:
The proposed resolution would approve the Midtown Metropolitan Redevelopment Area Plan (“Plan”) for
the City of Santa Fe (“City”). Pursuant to NMSA 1978, Section 3-60A-9, the proposed resolution would
determine that the Plan will help eliminate or prevent blight, conforms to the City’s General Plan, and
affords maximum opportunity consistent with the needs of the community for the redevelopment of the
Midtown Metropolitan Redevelopment Area by private enterprises or persons. The Plan also does not
include proposed activities that require displacement or relocation of any families or individuals, and a
method for providing displacement or relocation accommodations is not needed.
Departments Affected:
Midtown Metropolitan Redevelopment Agency Department
Consequences of Not Enacting Legislation:
If this legislation is not adopted, then the Midtown Metropolitan Redevelopment Area Plan would not be
approved, and the Metropolitan Redevelopment Agency would not be able to exercise its supervisory role
over Midtown, nor could it make recommendations to the Governing Body. Further, the City of Santa Fe
would not be able to pursue a Tax Increment Financing District as proposed in the Metropolitan
Redevelopment Plan.
Conflict, Duplication, Companionship, or Relationship to Other Legislation:
The City designated the area as a Metropolitan Redevelopment Area through Resolution No. 2025-42.
Performance and Administrative Implications:
The Metropolitan Redevelopment Plan solidifies the Metropolitan Redevelopment Commission’s ability to
carry out the Midtown Redevelopment plans and make recommendations aligned to eliminate and alleviate
identified blight conditions.
FIR No. 10757.1Marcos D. Martinez (May 7, 2026 16:22:39 MDT)
Marcos D. Martinez05/07/2026ANDREA PHILLIPS (May 8, 2026 15:03:20 MDT)

Adopted: 01/12/05; revised 8/24/05; 4/17/08; 2
Fiscal Implications:
None.
Fiscal Impact
Check here if no fiscal impact

Expenditures
Expenditure Narrative:
Revenue
Revenue Type FYE 2026 FYE 2027 FYE 2028 Recurring (R) or Non-recurring (NR) Fund
General Fund $ $______ $
Special Revenue $ $ $
CIP $ $ $
Enterprise $ $ $
Internal Service $ $ $
Trust and Agency
Federal
$
$
$
$
$
$
Other $ $ $
Total $ $ $
Revenue Narrative:
Expenditure
Type
FYE 2026 FYE 2027 FYE 2028 Require BAR
(Y/N)
Recurring (R) or Non-
recurring (NR)
Fund 3-Year Total
Cost
Personnel and
Benefits*
$ $ $
Capital Outlay $ $ $
Contractual/
Professional Services
$ $ $
Operating $ $ $ $
Total: $ $ $ $

Signature:Email:cavenditti@santafenm.gov