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1Zeview Work Plan for normal Downtown Redevelopment Plan <br />November 7, 2005 HRA Meeting <br />Page 2 of 2 <br />• A redevelopment plan is a key document when applying for grant funds; <br />• 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 />Issue <br />Staff anticipates that it will take 6-9 months to complete the formal redevelopment plan. A <br />work plan outline is attached for your review, which indicates the steps to completing the <br />plan. <br />Recommendation <br />Staff recommends that the HRA accept the attached work plan and proceed this evening <br />with the first step (IA) of the attached work plan outline, which is to refine the project <br />purpose and primary goal. <br />S:\Downtown Kcvitalization\North of Hwy 10\Memos\11-7-OS.doc <br />