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City Council Minutes <br />April 26, 2021 <br />Page 4 <br />Short-term (2020-21) <br />■ Commercial Development <br />o HRA Main/Gates Project <br />■ Property ready for development <br />■ Preparing RFP <br />o Ebert Joplin/Business Ave Project <br />■ Ebert sold to Beaudry. <br />o Market EDA TH10 Property <br />Multiple inquiries — discuss expectation? <br />Monitor <br />o Downtown development <br />• Negotiating with ER Meats <br />• Considered Ecology <br />• HRA <br />Great River Energy revenue replacement <br />o Monitor GRE property marketing. <br />• Site restoration in process <br />■ Doesn't look like they are selling plant area. <br />■ October 2020 sale of Resource Processing facility to <br />Malark, Inc. <br />■ Is replacement necessary? Citywide valuation increased <br />7% <br />• Withdrew added powerplant plan. <br />Budget and sinking fund for building repair. <br />o Transition PW Facility bond to general levy <br />■ Ongoing <br />■ CARES Act removed large capital improvements. <br />• Sale of Activity Center removes capital needs. <br />■ Demo of Lions Park Center removes capital needs. <br />■ ER Ice Arena replacement removes capital needs. <br />■ PS improvements removes capital needs. <br />■ Closure of RDF Plant accelerated tipping fees. <br />o Move GRE Fund Balance to Building Fund <br />• Do we want this in other funds? Park Improvement, <br />Capital Replacement? <br />■ Parks & Recreation Capital Plan — Funding <br />o LOST -funded projects <br />o Field/facility user fees shift. <br />• Activity Center Facility future <br />■ Sale in progress <br />■ Zoning & Acquisition of "challenged" properties policy discussion. <br />■ Riverwalk under review, land use applications approved. <br />■ Considering a property identification committee with PD, CD. <br />■ Keep 2021 property tax rate flat. <br />■ 2021 tax rate decreased over 2020. <br />• Complete Lion John Weicht Park (playground, disc golf, trail, lighting) <br />■ FT Center Branding <br />P 0 1 E R E O R 1 <br />NATURE <br />