10-03-2005 HR MIN - Laserfiche WebLink

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Housing & Redevelopment Authority October 3, 2005 Page 2 Community Development Director Scott Clark explained that the development agreement needs to be amended because the amount of Tax Increment Financing (TIF) that MetroPlauis originally estimated the project to generate is now expected to be significantly less. Chair Wilson questioned why this issue with the TIF just came up now. Mr. Clark indicated that MetroPlains hired a consultant, Northland Securities, fairly late and it was Northland that realized that the original estimates were higher than the actual TIF amounts that will be generated. Commissioner Lieser mentioned that she is not available the evening of October 17. Ms. Steinmetz questioned if Commissioner Lieser would provide comment to staff if the information was provided to her prior to the meeting. Commissioner Lieser stated that she would. MOVED BY COMMISSIONER MOTIN AND SECONDED BY COMMISSIONER KUESTER TO CALL A SPECIAL MEETING OF THE HOUSING AND REDEVELOPMENT AUTHORITY FOR OCTOBER 17, 2005 AT 5:30 P.M. TO DISCUSS THE METROPLAINS DEVELOPMENT AGREEMENT. MOTION CARRIED 5-0. Jackson .Square Flag Pole Ms. Steinmetz stated that the situation with the downtown flag pole has changed in the last few months. She stated that the school district volunteered to accept the flag pole; however, the actual relocation of the flag pole is going to be on city property directly east of the District Administration building in the old King Avenue right-of-way and so staff feels it is more appropriate for the city to retain ownership and maintenance responsibility for the flag pole. Ms. Steinmetz noted that the flag pole is scheduled to be relocated shortly after Jackson Square is conveyed to MetroPlains, which is anticipated for later this Fall. Jackson Sc~ua~ Gazeln Ms. Steinmetz indicated that Mr. Chip Martin purchased the Jackson Square gazebo at the city auction this past summer and the gazebo was moved to his private residence in Otsego last month. Dozentozera Parking Ms. Steinmetz stated that at their September 14, 2005 meeting, the Downtown Rivers Edge Association expressed thanks to the Police Chief for the Police Department's recent downtown parking enforcement efforts. She stated that Rivers Edge members mentioned that as a result of the designated employee parking in the new King Avenue parking lot and the parking enforcement, it is now easier for downtown customers to find parking spaces. 6. Formal Downtown Redevelopment Plans Community Development Director Scott Clark explained that staff would like direction from the HRA regarding proceeding with a formal redevelopment plan for the "downtown area". Mr. Clark further explained that for redevelopment and planning purposes, there are two distinct areas that are divided by Highway 10 and at this time staff is recommending that a redevelopment plan for the north side of Highway 10 be started and then a separate process to conclude a second plan for the south area be completed. Ms. Clark reviewed the reasons why formal plans for the areas are important as outlined in his staff report. He highlighted a few of the major reasons as follows: State Statute requires a redevelopment plan to be completed and approved by the Council prior to commencing redevelopment