7.2. HRA SR 11-01-2021 - Laserfiche WebLink

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With this RFI the HRA seeks to obtain feedback to assess the interest of qualified Respondents who can work together with the Housing and Redevelopment Authority and the City of Elk River to realize Main and Gates highest and best development potential. Site Overview The Main and Gates Redevelopment site is a 1.73+ acre parcel located at the corner of Main Street NW and Gates Avenue NW in Elk River. It is a Mixed-Use Development,with a PUD opportunity, and qualifies for Redevelopment Tax Increment Financing (TIF). There is potential for trail connectivity to downtown and the parcel is in a Quiet Zone. Over 12,100 vehicles per day go past the site which has access to U.S. 169 to the East and Hwy. 10 to the West. The HRA consulted with American Engineering Testing who performed a scope of work which consisted o£ • Drilling 4 standard penetration test boring to depths of 14 1/2 feet each • Performing soil laboratory testing • Performing a preliminary geotechnical engineering review based on the data and preparing this report The HRA approved the Report of Geotechnical Exploration,which did not reflect any unacceptable concerns. Development Opportunity Main and Gates presents an opportunity for development on a 1.73+ acre site with high visibility between TH 169 and Hwy 10 on Main Street. The site was zoned residential and included seven homes (one still to be acquired). The HRA acquired the seven homes, five of which were demolished and two were moved off the property. The site was rezoned to C-2 Office District, which is intended to buffer residential districts from arterial streets or from commercial districts and to provide a district which is compatible with and may reasonably adjoin residential districts. The office district provides for the location and development of offices and other service and light commercial uses which are subject to more restrictive controls. The Housing and Redevelopment Authority seeks to retain a qualified Respondent with a long-term vision for the site that achieves the HRA's policy objectives. The site presents an opportunity for a Mixed-Use Development with a PUD opportunity in the heart of Elk River. Information Requested The HRA requests Respondents submit a letter or narrative response to the inquires below. Please include the name,address, telephone, and email address of the primary contact person for the Respondent on the first page of the narrative.