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Downtown Revitalization Project <br />Planning and Project History <br />Page 3 of 6 <br /> b. Private Improvement Goals: sign ordinance, facade improvements to highlight <br /> historic character, interior standards, new construction to compliment historic <br /> character <br /> c. Activities & Events Goals: Heritage Festival, develop winter festival, develop <br /> mural event <br /> d. Business Activity Goal: complete market analysis <br /> <br />1999 The EDA, Council, and HRA review the Strategic Plan for Economic Development <br /> and lower downtown's priority. <br /> <br />2000 <br /> <br />Summer <br /> <br />King and Main is sold to the First National Bank of Elk River, which plans to <br />construct an office building on the site. Downtown is listed as a top priority at <br />Operation ER's October meeting. <br /> <br />Fall <br /> <br />HRA authorizes staff to complete Downtown Redevelopment Plan to identify priority <br />redevelopment skes and guide desired development. Plan to include inventory of <br />properties, conditions, vision and implementation. <br /> <br />2001 <br /> <br />March <br /> <br />HRA directs staff to research details of two Main Street properties for sale (ECM <br />Publishers) <br /> <br />April <br /> <br />HRA considers information on property sale and directs staff to work with private <br />developers for redevelopment proposals for the site/area. Staff sends listing agent a <br />list of developers speciali?.ing in retail/office mixed use developments. <br /> <br />Staff receives interest in redevelopment from property owner, Nadeau's, and interest <br />from two developers: Kraus-Anderson/Best & Hempel and Marly <br />Glines/Dynamics Design. <br /> <br />May <br /> <br />Joint work session between HRA, Planning Commission & River's Edge Assoc. <br />Staff presents results of market analysis, and assessment of building condition & <br />historic significance for discussion of redevelopment opportunities. <br /> <br />Staff request preliminary development concepts from two interested developers for <br />review and discussion by HRA. Riverfront property owners notified of developer <br />interest. <br /> <br />HRA authorizes the completion of new paver brick sidewalks in the CBD in <br />conjunction with Municipal Utilities electric line relocation project. New trash <br />receptacles, trees, and flowerpots added to beautify downtown. <br /> <br /> <br />