Page 169 - City of Bedford FY21 Budget

DEVELOPMENT

TOTAL EXPENDITURES
$1,879,622

ACTUAL BUDGET BASE REQUESTS BUDGET
DIVISION/FUND
18/19 19/20 20/21 20/21 20/21
Economic Development 138,262 284,901 311,155 15,199 326,354

Neighborhood Services - 554,626 543,992 23,903 567,895
Inspections 548,409 570,040 552,270 29,425 581,695
Planning & Zoning 398,810 277,877 251,498 12,180 263,678
Economic Development Fund 27,656 140,000 140,000 - 140,000

TOTAL $1,113,137 $1,827,444 $1,798,915 $ 80,707 $1,879,622

Future Budget Considerations

Staff continues to recognize an increase in redevelopment activity, as well as a slight increase in interest and activity in undeveloped
properties. Feasibility studies for areas of redevelopment/revitalization, public/private partnership opportunities, and retail analysis
are being considered and presented to Council as they become available.

The Bedford Comprehensive Plan, now ten years old, is due for an update to further identify properties and current/future needs for
development. Outside resources for this project will need to be identified, approved and funded.

The Bedford Commons design standards are in place, and as developers emerge with plans, there may be a need for additional
outside resources to help facilitate the vision.

The new Neighborhood Services Division was put in place in FY19-20. The primary charge of this division is to create outreach
programs to facilitate and incentivize the revitalization of older neighborhoods. These programs will require additional resources
that will impact this, and future budgets.

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