6.1. SR 04-19-2004 - Laserfiche WebLink

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Item # 6.1. MEMORANDUM TO: FROM: Mayor and City Council Heidi Steinmetz, Assistant Director of Economic Development ~ S DATE: April 19,2004 SUBJECT: Consider Arrow Building Center Redevelopment and Street Vacation Concept Attachments . HRA Staff Report dated April 5, 2004 . Aerial Photo of Redevelopment Area . Preliminary Site Plan - Arrow Building Center Redevelopment Background At its April 5, 2004 meeting, the HRA reviewed the Arrow Building Center redevelopment concept for the construction of two new facilities; a 6,400 square foot office/ showroom building and a 12,840 square foot warehouse building located at the intersection of King Ave and State Street, north of Highway 10 and the railroad. The concept includes the removal of the existing Eagles Club building, the former NAPA building, Arrow Building Center office building and two warehouse buildings. The "x" on the attached aerial photo indicates the building previously destroyed by a fire. The HRA reviewed Arrow Building Center's preliminary request for Tax Rebate Financing (fRF) to assist with the demolition and asbestos removal for the project. The HRA's consensus is that Arrow Building Center proceed with staff in completion of the TRF consideration process. Staff anticipates that the HRA, at its May 3, 2004 meeting, will consider the completed TRF application and a recommendation to Council. Staff anticipates that the Council hold a public hearing on May 17,2004 to consider granting final TRF approval. It was the consensus of the HRA to review and identify priority redevelopment areas, needs, goals and objectives for any areas north of Highway 10 downtown at a future time rather than delaying the project. Arrow Building Center is working with John Weicht & Associates on the redevelopment