When will the next opportunity be for public involvement?
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When will we know the final alignment/location of the roadway?
The alternatives analysis has been completed and the final alignment selected. The details of the alignment were made available at the public information meeting on March 16, 2021 and can be found here. The project team is working on the specific details of this alignment and continuing to seek input from the public through the public involvement process.
When will we know the right-of-way limits along the new corridor?
Preliminary right-of-way limits have been determined and were presented at the public information meeting on March 16, 2021. Land acquisition activities are anticipated to begin later in 2021.
When will the project be in construction and complete?
It is anticipated that major construction activities will begin in spring 2023 and the roadway will be complete and open to the public in spring of 2025.
What will happen if my property must be acquired due to the new corridor?
Your property will be staked so that you can see the area of acquisition.
You will receive a letter from an appraiser asking you to make contact to schedule an on-site inspection. Please make this contact as soon as you receive this letter. Your presence at the on-site inspection will be helpful, and your input will be valuable. You may provide any recent appraisals, recent improvements/upgrades, and other information that would be helpful to the appraiser.
If it is determined that relocation is necessary, a relocation agent will attend the on-site appraisal inspection as well.
After the appraisal is complete and approved by the City, you will be contacted by a buying agent who will offer to meet with you to present the City's offer, or you may elect to have the documents mailed to you via certified mail. This buying agent will be your contact for the duration of the negotiation period.
By law, you will have 30 days to accept or reject the offer.
Liens and taxes owed should be resolved prior to concluding the acquisition. If not, these will be paid from acquisition proceeds.
In the event of a total acquisition, the mortgage payoff will be paid from the acquisition proceeds.
If relocation is necessary, you will be contacted by a relocation agent after you have spoken with the buying agent. These two processes are separate.
The relocation agent will provide you with a 90-day notice, which gives you a date to vacate, and the acquiring agency cannot require you to move prior to this date. You will not be required to move until you have been paid for the cost of the land acquired. All of this, as well as other specifics, will be explained in detail by the relocation agent.
What is the purpose of the Pleasant Street project?
The project is needed due to limited mobility through downtown Noblesville on SR 32/SR 38/Conner Street, as outlined in the 2009 Noblesville Thoroughfare Plan and evidenced by increasing congestion. The improvements will provide a significant reduction of SR 32 downtown Noblesville traffic congestion, defined as 20% or greater, by providing an additional east-west corridor from SR 37 across the White River to SR 32 to the west.
Why do we need these improvements now?
The City of Noblesville has seen tremendous growth, both residential and commercial, over the past three decades and is the 14th-largest community in Indiana (based on 2010 data). US Census data reports that Noblesville had an approximate population of 12,250 in 1980, 17,650 in 1990, 51,970 in 2010, and 63,133 in 2018.
At this time, only two White River crossings exist in downtown Noblesville, one at SR 32/SR 38 and the other at Logan Street. The SR 32/SR 38 river crossing provides two through lanes in each direction, and the Logan Street river crossing provides one through lane in each direction. This limited number of existing crossings reduces mobility within the Noblesville transportation network and increases congestion within the SR 32/SR 38 corridor through downtown Noblesville. Based on the 2018 capacity analysis, SR 32 congestion in year 2045 will operate at or below a Level of Service D (LOS; a letter grade system that quantifies travel delay for motorists) at 10th Street, 8th Street, SR 38, River Road, Cherry Tree Road, and Hague Road. City leaders find this unacceptable and are taking steps to improve mobility and reduce congestion.
How will this project be funded?
The City is pursuing a multi-faceted funding strategy to pay for this critical and transformative infrastructure project. The strategy will leverage the City’s strong financial position that has been created from years of prudent fiscal management and from targeted growth strategies that provide more jobs, income, and property values to the City. More than $145 million in public/private investment in Noblesville took place in 2020 alone, which will contribute to the tax base and spread the impact of this project over a larger group of users and beneficiaries.
Total project costs are broken up into six main categories:
Right-of-way acquisition (purchasing or obtaining the property necessary to build the road, road intersections, the accompanying pedestrian trail, and drainage infrastructure)
Road and roundabout construction
Trail and tunnel construction
Construction inspection costs (to ensure safety, compliance, and longevity)
The overall project cost can fluctuate based on a number of factors that will over time become more precise as project phases are completed, but at this time, the project is estimated to cost $98 million, not including the cost of the White River Bridge. The White River Bridge costs will be covered by our vital partner in this project, Hamilton County.
Noblesville is pursuing state funding in coordination with Indiana Department of Transportation and regional Metropolitan Planning Organization (MPO), including an application for $10 million for Phase 1 of the project. MPO grant funding determinations should be announced in early 2022.
A vehicle excise tax of $25 per registered vehicle per year will be proposed for adoption to generate revenue from local road users. Additionally, the City will be tapping numerous other funding sources to minimize the costs to be borne by taxpayers. Road Impact Fees, collected from new development, will also be used to cover a portion of the project cost.
The City expects revenue generated through new private investments, that are already underway, will result in additional tax increment revenue of $500,000 per year that can be directed to this project. Furthermore, The City expects continued success in attracting business relocation, high-paying jobs, and new residents. This success will generate even more resources to contribute toward the project costs in the future.
Under Indiana law, municipalities establish an annual budget that is reviewed and adopted by the City Council. In recent years, the Council has set a $1.10 tax rate ceiling (meaning Noblesville property owners pay $1.10 for every $100 of assessed valuation to the City). Tax rates from other overlapping units (county, school corporation, township) also contribute to property owners total tax bills, which are subject to Indiana’s Constitutional property tax caps.
The $1.10 annual tax rate may need to be adjusted, starting in four or five years, after Phase 1 construction is complete and construction in Phases 2 and 3 are well underway, and any necessary property tax levies for repayment of bonds are set and approved by the State. However, many factors are still in play that may diminish the need for a future property tax rate adjustment. The City is squarely committed to pursuing all available and appropriate avenues to fund this project while keeping taxes low and delivering essential public services.