4.0. SR 06-23-2003 - Laserfiche WebLink

Home Browse Search

MEMORANDUM Item ~ 4 TO: FROM: DATE: Mayor & City Council Catherine Mehelich, Director of Economic Development///~// June 23, 2003 SUBJECT: Downtown Revitalization Project- MetroPlains Presentation Attachments · Downtown Revitalization Project Goals and Redevelopment Process · Downtown Revitalization Project Planning & History · Draft HRA June 5, 2003 Meeting Minutes · MetroPlains Preliminary Time Table Back~round The HRA has been working with MetroPlains Development for the past 6-months to refine redevelopment options for the downtown. The attached Project Goals, Redevelopment Process, and Planning & History summarize the activities of the HRA. At its special June meeting, the HRA heard a presentation from MetroPlains Development regarding concept options. The attached draft HRA minutes reflect the HRA's discussion. The HRA directed MetroPlains to proceed by taking the design concept for the Jackson Block and Bluff Block to a public open house for feedback. The open house was held June 18th from 6 - 8:00 p.m. at Lion's Park Center. Redevelopment Concept Plans The presentation by MetroPlains Development will include: · project activities to date · review of the original project goals established by the HRA, · review of design concepts, market analysis and financial feasibility · review proposed project timetable The City Council will not be expected to make a final decision on the project plans or financial arrangements. However, the Council will be requested to identify issues that need to be addressed as part of a final development agreement. As part of the proposed timing, MetroPlains anticipates submitting a financing request to the MN Housing Finance Agency by July 24th. As part of the submission, some general consensus issues, as outlined in the attached Preliminary Time Table, will need to be reached with details to follow over the next 3 to 4 months.