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Housing & Redevelopment Authority <br />December 5, 2005 - Worksession <br />------------ <br />o Residential proximity <br />o Traffic flow <br />■ Highway 10 uncertainty <br />■ Lack of off-street parking <br />■ Current industrial uses <br />■ Long-term uses <br />■ Location of historic structures <br />Opportunities <br />■ Improve traffic flow of Railroad Drive <br />■ Post Office relocation <br />■ Current vacant buildings <br />■ Increasing population <br />■ Promote ideas for Highway 10 to MnDOT <br />■ City to take leadership role <br />■ Retail synergy <br />■ Use vacant building for YMCA <br />Threats <br />■ Highway 10 uncertainty <br />■ Land cost/development cost <br />■ Market competition <br />o Popularity of big box retailers <br />■ Convincing the market <br />Sumrn Mary <br />■ Highway 10 uncertainty <br />■ Long-term plan (phasing) <br />■ Update market research <br />■ Retain existing housing stock <br />■ Evaluate/develop infrastructure needs <br />■ Complete property and valuation inventory <br />■ Complete preliminary financial feasibility study <br />9. Adjournment <br />There being no further business, Chair Wilson adjourned the worksession. <br />Page 2 <br />The meeting of the Elk River Housing and Redevelopment Authority adjourned at 6:39 p.m. <br />4"�) L('1CP/ti <br />Jessica Miller <br />Recording Secretary <br />