7.1. HRSR 01-27-2003 - Laserfiche WebLink

Home Browse Search

Downtown Revitalization Project Update January 27,2003 Page 2 of 2 • Tax Increment Financing Redevelopment Eligibility Assessment In October 2002, the HRA authorized staff to enter into an agreement with S.E.H. Engineers for the completion of the eligibility assessment of properties. Following correspondence that was sent from staff to property owners regarding the issue, S.E.H. began interior and exterior property assessments in early January. S.E.H. has recently reported to staff that approximately half of the assessments have been completed with the cooperation of property owners. Staff anticipates the results to be completed in February. The condition of buildings is needed to determine the type and boundaries of the TIF district. Another step in establishing the TIF district is the requirement to formalize by resolution any interfund loans or advances provided by the HRA. Item 7.2. on the HRA meeting agenda addresses this issue. Wild & Scenic River Issues Staff has discussed with MetroPlains the Wild& Scenic River regulations as it relates to the proposed development area. Staff is awaiting a meeting to review a refined design concept in order to determine any impact on the Wild& Scenic River. It is likely that a variance will be necessary in order for any development to proceed in the area. A variance would be processed as part of the land use review and approval process. Other • Staff continues to meet with MetroPlains on a regular basis to review project activities. MetroPlains is working on the following activities at this time: • Drafting and refining design concept options • Evaluating market feasibility of the concept options • Evaluating financial feasibility of the concept options A spring open house is anticipated for the public to review and provide input on the design concept options. Attached for your information are related articles regarding downtown development. •