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Housing&Redevelopment Authority Page 2 March 1,2004 p.m.at Lions Park Center to meet jointly with the City Council to discuss the Downtown Revitalization project history,status,and potential policy issues. Jim Prosser, Ehlers&Associates, stated that they will ensure there are strong financial implications that the Bluff Block project is included and that the level of assistance is within the scope of the Tax Increment Financing(TIF)regulations. Commissioner Lieser asked what the timetable would be between the two phases. Mr. Prosser stated that it is likely that MetroPlains would start marketing the Bluff Block condos as soon as they break ground on the Jackson Block. Commissioner Thompson asked Mr.Prosser if he felt comfortable the deadline would be met for Developer Agreement. Mr.Prosser stated that the deadline helps to create the necessary pressure to move the process along. Commissioner Motin asked if any commitment has been made to purchase property, specifically,the US Bank property and Mr.Hinrich's property. Mr.Prosser stated no,but that the property owners have been very cooperative and it may be possible that offers will be made. Commissioner Motin asked where the staging area would be located. Ms. Mehelich stated that this issue will be covered in the Developer Agreement and will be brought to the HRA for review. Mr.Prosser stated that he feels the staging area issue can be worked out. Keith Holme,co-owner of the Kemper Drug building,asked what the status was of the Municipal Utilities building,and why the city is monitoring the parking in the lot behind his building. City Administrator Pat Klaers stated that the city is trying to identify how many commuters,tenants,and employees are parking in the lot. He stated that they hope to encourage commuters to park across Highway 10. Mr.Holme stated that he counted 13 empty parking stalls in the downtown that day at 10:30 in the morning. He asked if there still is the option of closing King and removing the Utilities building to create more parking. Mr.Klaers stated that option is still possible,but that this parking lot construction issue is tied to the TIF funding. Richard Hinrichs, owner of 641 Main Street buildings,expressed his appreciation to staff and the Commission that the process is staying on schedule. Vern Hanson of MetroPlains Development,stated that they are looking at a number of options for staging of the project including the Bluff Block,other properties which have been offered,and also the area across Highway 10 south of the railroad tracks. He noted that contractors have different preferences when working in an urban area,so he is not sure which areas will be selected,but feels comfortable they can work within an urban setting. Commissioner Thompson stated that the city would work with MetroPlains to ensure that the needs of the downtown property and business owners are met. MOVED BY COMMISSIONER MOTIN AND SECONDED BY COMMISSIONER THOMSON TO CALL A SPECIAL MEETING OF THE HOUSING AND REDEVELOPMENT AUTHORITY FOR WEDNESDAY, MARCH 17,2004 AT 6:30 P.M.AT LIONS PARK CENTER TO MEET JOINTLY WITH THE CITY COUNCIL TO DISCUSS THE DOWNTOWN REVITALIZATION PROJECT. MOTION CARRIED 4-0.