03-17-2004 CC MIN - JOINT - Laserfiche WebLink

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Housing & Redevelopment Authonu, March 17, 2004 3. Jackson Block Page 2 a. Historic Significance Director of Econormc Development Mehelich provided an overview of the process used to review the historic significance of the Municipal Utilities building as well as Jackson Square. In 2002, the Heritage Preserw'ation Commission recommended that both d2e Municipal Utilities and the 641 Main Street building be restored and that Jackson Square should be retained as open space. At that dine, the HtL~_ accepted the recommendation of the Heritage Preservat/on Comrmssion but directed staff to proceed with the areas outlined in the Preliminary, Development Agreement. There ~vere no issues raised by the HtL5 and Council regarding the historic significance update. b. Title Ciu, Attorney Peter Beck reviewed the issues surrounding the dtle to the development parcel of Jackson Square. ]Mr. Beck stated that the areas described in the deeds received by the City can receive dtle insurance, however, there is a small portion of the site that may have underlying interests by three addidonaI pardes. In order to obtain clear dde, the City could pursue obtaining deeds from the three additional parties or proceed with a registration process to obtain clear dde. Councilmember Tveite asked if staff had contacted the oxvners to determine ho~v receptive thev would be to providing clear tide to the parcels. Mr. Beck stated that the map had onlv been received today and that property o~vner contact had not been made. Commissioner Larry Toth requested a clarification of the process. He requested information on who the owners ~vere. Mr. Beck revie~ved the otvnership issues and reiterated that staff had not had an opportunity to contact the owners at this trine. c. Purchase Price Mr. Prosser stated that one issue currendy being discussed through the negotiations of the Development Agreement is when dtle ~vould be transferred to the developer. He requested that Ma~ Ippel of Briggs & Morgan provide a clear discussion of the purchase price and the t/de issue. Ms. Ippel stated that the transfer of dde typically ~vill not occur until the financing is ready to close. She stated that timing of the transfer will be a key component of the Development Agreement. She stated that a purchase price had not been identified at this urne and that the purchase price will likely be spread over both components of the project. d. Parking Replacement Director of Planning McPherson reviewed the past research regarding the amount of parking in the do~vntown area. Ms. McPherson reviewed the proposal to dose King Avenue, remove the Municipal Utilities building, and to provide additional parking. She introduced Capt:un Brad Rolfe to discuss the parking monitoring project that had occurred recenflv in the downtown area. bit. Rolfe stated the Police Department has been educating downto~vn employees and business o~vners regarding the four-hour parking regulations for the public parking behind Kemper Drug. The Police Department determined that txvo vehicles ~vere disabled; six belonged to commuters and S:x,MINUTESN2004~Council Minutes',,03171)4HIL\ & CC.doc