11-07-1988 CC MIN - Laserfiche WebLink

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Page 2 e City Council Minutes 11/7/88 4. Open Mike There was nobody present for this agenda item. 5.1. Economic Development Discussion Regarding the Central Business District Redevelopment Proposal and the Design Contract for the Boardwalk Project Economic Development Coordinator. Richard Fursman. provided the City Council with some background information on the boardwalk proposal. It was indicated that this topic was discussed during the 10/10/88 City Council meeting. Staff was directed to prepare a Request For Proposal (RFP) for the design and study of the boardwalk. It was noted that at the 10/10 meeting. discussion took place regarding the financing of such a boardwalk would most likely come from the use of Tax Increment Financing related to the redevelopment of the hardware store. e Mr. Fursman indicated that the City sent out 23 RFP's to various engineering and architectural firms. The City received 12 proposals by the deadline. The former Research and Development Committee of the Economic Development Commission reviewed the five finalist proposals. These five proposals were selected from the 12 by Dick Fursman. The Research and Development Committee selected two finalists. The finalists were interviewed by Dick Fursman and Mike Mulrooney. The consensus of the staff and Research and Development Committee was to hire Baurer and Associates. Ltd. to do a master plan for the proposed boardwalk. In response to questions to the City Council. Dick indicated that anticipated funding for this master plan would also come from Tax Increment Financing (TIF) revenue based on the redevelopment of the hardware store. If the Council decided not to go forward with using TIF funds for the construction of the boardwalk. then Economic Development Authority funds could be used to finance the study. Dick also indicated that this proposal is on a fast time frame so that he can submit a grant application (Celebrate 1990) for up to $25.000 for financial assistance in the construction of the boardwalk. The grant deadline is December 16. 1988. Additionally. if it is possible to receive Central Minnesota Initiative Fund financing for this proposal. such funding would be explored. The City Boardwalk indicated proposals boardwalk; stages and Administrator distributed a section of the proposal for the Project as submitted by Baurer and Associates. It was that three different proposals are being requested; the three call for a basic. intermediate and elaborate design of the and furthermore. that any of the designs can be built in need not be completed all at one time. e At this time. Jeff Schoenbauer was introduced to the City Council and Jeff gave a general background on Baurer and Associates. Ltd. and the experience the firm has in park planning. In response to questions from the City Council. Mike Mulrooney and Dick Fursman indicated that an informational meeting has been held with the property owners along the section of Main Street that backs up to the Mississippi River and that as a whole. the property owners are very positive for the implementation of this project.