12-06-2004 HR MIN - Laserfiche WebLink

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Housing&Redevelopment Authority Page 3 December 6,2004 • Type of Bluff Block Pmject Ms. Ippel stated that there is no discussion of this in the final development agreement due to the fact that MetroPlains has decided the Bluff Block condos and commercial units will be for-sale only. Ms.Mehelich indicated that staff recommends that the HRA recommend approval of the resolution authorizing execution of a development agreement to the City Council. She noted that the development agreement identifies the subsidy for each component of the project and the exemptions from the Business Subsidy Act,with the exception of the Jackson Block Commercial Subsidy.Ms.Mehelich stated that staff is also recommending that the HRA recommend approval to the City Council of the three resolutions approving the terms of internal loans in connection with Downtown Phase I Tax Increment Financing District No. 22 for SAC,WAC,and Land. Commissioner Motin indicated that he is concerned that sections of the development agreement do not specifically state that the parking lot must be usable prior to construction commencement of the Jackson block. Ms.Ippel stated that language could be added to the development agreement stating that parking lot construction must be substantially complete prior to conveyance of the Jackson property.It was the consensus of the HRA that this language be added under sections 3.6.b.and 4.3. Commissioner Toth questioned if the development agreement addresses the issue of MetroPlains selling the project. Ms. Ippel indicated that the development agreement states that MetroPlains cannot transfer or sell the project without the city's written consent prior to construction completion.Ms. Ippel stated that language could be added prohibiting MetroPlains from selling the entire project until the units in the project are sold.Ms.Ippel noted that the city has no obligation to construct or complete the project.Sid Inman of Ehlers and Associates stated that MetroPlains has identified that they plan to sell the commercial areas once the construction is complete so the selling of the property should not be prohibited in the agreement. Keith Holmes, owner of Kemper Drug building-stated that he is still concerned about how the businesses in downtown will be affected by the parking during the construction.He stated that he would like to see something added to the agreement addressing parking during construction. Vern Hanson,MetroPlains -indicated that MetroPlains has submitted a parking plan to the city that was moved to a future City Council agenda due to the length of the agenda.He stated that parking during and after construction is a high priority for MetroPlains. Commissioner Toth questioned if there is a plan for parking enforcement. Assistant Director of Economic Development Heidi Steinmetz stated staff is in the process of forming a King Avenue Parking Lot Task Force that will gather design and enforcement input regarding the King Avenue lot from property/business owner representatives from each downtown block.The task force meetings will be held monthly beginning in January 2005. Chair Wilson questioned if something could be added to the agreement regarding • construction traffic.Ms.Ippel indicated that a provision addressing parking staging could be added.Commissioner Motin stated that it already states in the agreement that plans must be submitted for City Council approval.