6.0. HRSR 11-27-2000 - Laserfiche WebLink

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Memo to HRA Downtown Redevelopment Plan November 27,2000 • Page 2 Building components to be evaluated include: • Structure - cursory • Maintenance • Recent improvements/investments • Historic contribution to community The last plan to include a detailed inventory dated 1982. This updated information will assist us in identifying properties that should be encouraged to be redeveloped or rehabilitated. Additionally,outside factors that impact downtown will also be considered. These factors include: • Traffic • Market demands - Office - Retail - Housing • Position • Other communities'commercial development plans (ie. Otsego's "downtown"). Staff recommends that a qualified consultant be hired to complete the market study • component. A request-for-qualifications and estimates for the study can be obtained for the next HRA meeting. In the past thirty years the City and downtown community has participated in at least 5 planning efforts that resulted in a variety of plans. These plans will be analyzed for common themes and issues. Phase II- Vision for future development Following the completion of background information, a worksession of the Planning Commission and River's Edge Downtown group will be scheduled. Staff will present the results of Phase I property inventory and market study. This meeting will provide staff additional input to identify redevelopment opportunities, desired land uses, design guidelines, and ordinance changes. A follow-up worksession involving the HRA,EDA,and City Council will then be held to formulate and finalize the common vision and opportunities. Phase III-Implementation Plan An implementation plan will be developed based on the components identified by the vision for future development. The implementation plan will include specific priority sites for public and private redevelopment,potential funding options,and direction for building and zoning standards. 4110