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Memo to HRA <br />October 3, 2005 <br />Page 2 <br />7) A redevelopment plan is a key document when applying for grant funds. <br />8) A plan assists staff in seeking developers who are desirous of being part of the <br />redevelopment. It is critical that staff understands official City direction in <br />discussions with developers so conflicting direction and priorities are avoided. <br />9) A plan that illustrates detailed financial analysis, based on sub-planning area <br />scenarios, will assist in generating financial strategies and possible modifications to <br />land use, in order to make various redevelopment projects economically feasible. <br />10) Incorporates different City disciplines including zoning and design issues, traffic and <br />public safety concerns. <br />Staff recognizes that significant work has already been done on this redevelopment <br />(Attachment III), but equally important is to place this information into a context that meets <br />the purpose and intent of a redevelopment plan, as stated previously, and to ensure that <br />proper citizen input has been made. A typical redevelopment plan would contain the <br />following sections: <br />1) Introduction including background (history ), site analysis, study area and public <br />purpose <br />2) Visioning process, demographic and market data <br />3) Public Improvements/Redevelopment Issues (Goals and Strategies)- This could <br />include redevelopment and land use issues, design and regulatory issues, economic <br />issues, historical considerations and property acquisition, rehabilitation, traffic and <br />transit <br />4) Illustrative Master Plan <br />5) Design Guidelines <br />6) Sources and Uses of Funds Phasing and Priorities <br />7) Financial Strategies <br />8) Phasing and Priorities <br />9) Final Conclusions and Recommendations <br />Recommendation <br />Staff is seeking action from the HRA to 1) proceed with formalizing a redevelopment plan <br />for the north side of Highway 10, as previously discussed, and then 2) as a separate process <br />to construct a second separate plan for the south side. If the aforementioned process is <br />agreeable staff will construct a detailed work plan, including timelines, for these two efforts. <br />S:\PLANNING\Seott Clark\HI2t1 Memo-10-3-05.doc <br />