6.0. EDSR 02-14-2005 - Laserfiche WebLink

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Industrial Land Development Update February 14,2005 EDA Meeting Page 2 of 2 • Request for Proposals Ehlers &Associates have recommended that the EDA utilize an RFP process that insures that the EDA would receive the highest price for the property, development to the highest and best uses and allow the EDA to control the process. The RFP process is a way to market the site immediately to developers and brokers and get their input on concept design prior to improvements. RFP materials were prepared and mailed to 20 developers and brokers earlier this month. The deadline for proposal submissions is March 1. Staff has received a couple of proposal inquiries since the mailing. Ehlers and staff will review the proposals and report the results to the EDA at its March 14 regular meeting. Concept Plan, Costs and Improvement Schedule Staff has discussed commencing the improvement process for the EDA Brown property in March. Staff has had preliminary discussions regarding financing options based on the preliminary concept design and an estimate for improvements, both of which could change depending on proposal concepts. The City Engineer,Terry Maurer has evaluated the drainage of the area and has recommended that the existing pond,located below the southwest corner of Lot 1,be expanded to handle the drainage for the entire business park. Expanding the existing pond • would allow Lot 9 to be used for development rather than as a drainage area. In July of 2000 the Northstar Corridor Development Association (NCDA) commissioned a station area planning study to evaluate the long range transit-oriented development potential surrounding the proposed depot station sites. The study indicated a concept for commercial office/business development and some neighborhood retail surrounding the station for a 1/4 mile radius. Within a I/2 mile radius the study indicated office/business development to the north of the station and low density residential to the east. Another concept indicated low density residential for the majority of/4 mile and 1/2 mile radius,with the exception of a small neighborhood retail node adjacent to the station. The attached land use map was adopted as part of the city's Comprehensive Plan. The land use map indicates the following uses surrounding the depot station: • High-density residential • Light Industrial During the Comprehensive Planning process this area was viewed as an important location for both employment and higher density housing. The adopted plan keeps these land uses separate. A concept considered in the process created a new mixed-use land use category for this area. The planning process did not examine transit-oriented in detail,but considered transit as a factor influencing land use. •