06-05-2003 HR MIN - Laserfiche WebLink

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Special HRA Minutes Page 2 June 5,2003 • Commissioner Motin provided the following comments to Ms. McPherson: • The Urban Reserve Area north of County Road 12 should be left Rural Residential • The Historic Contexts Study should be referenced but not used to guide City Council actions • There is a need for more Highway Business between 165th and 17 Pt along Hwy 10 • The north side of Main Street/north side of 5th Street should be Highway Business ' • Urban Residential should act as a buffer between High Density and Rural Residential areas • It makes sense to have strip malls incorporated into neighborhoods as long as the market has been tested Commissioner Wilson mentioned that he was pleased to see that housing is a large component of the Draft Plan. Commissioner Lieser inquired of the rules for incorporating affordable housing into TIF Districts. Catherine Mehelich explained that a certain percentage of affordable housing must be added to a project based on low to moderate household income guidelines as established by the TIF statute. Ms.McPherson mentioned that the HRA will receive and be able to independently review the second and third drafts of the Comprehensive Plan before it is approved. Commissioner Toth requested that the Regular PIRA Meeting scheduled for June 2314 be rescheduled as a Special HRA Meeting on June 30th due to his inability to attend the June 23rd meeting. COMMISSIONER WILSON MOVED TO CALL A SPECIAL MEETING OF THE HRA FOR JUNE 30TH CONTINGENT UPON SPACE AVAILABILITY AT LIONS PARK CENTER. COMMISSIONER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 5-0. 3. Downtown Revitalization Project: Presentation by MetroPlains Development Jim Prosser of Ehlers &Associates explained that the main challenge faced by MetroPlains since August of 2002 has been high land costs,which has caused financial feasibility issues, thus project delays. Mr. Prosser added that MetroPlains is further along in the process of refining concepts than many cities have been at this stage. Mr. Prosser proceeded to provide the HRA with the next steps of the project: • HRA to consider a concept to present to the public • Staff Project Team to brainstorm options to close the financial gap • HRA and MetroPlains to decide upon Final Development Agreement terms Vern Hanson of MetroPlains,Lonnie Laffen of JLG Architects, and Jim Prosser provided the HRA with a presentation which included an overview of the City's project goals,a • presentation of redevelopment concepts,and an overview of the financial and market feasibility issues regarding the project.