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Item # 8 <br /> • )4i/ <br /> City of <br /> Elk --. -, <br /> River <br /> MEMORANDUM <br /> TO: Housing & Redevelopment Authority <br /> Mayor & City Council <br /> FROM: Catherine Mehelich, Director of Economic Development <br /> DATE: August 26, 2002 <br /> SUBJECT: Downtown Revitalization Project <br /> Attachments <br /> • Ehlers&Associates memo regarding Post Development Selection Actions <br /> Background <br /> • In early May the HRA received five proposals in response to its request for proposals for the <br /> Downtown Revitalization Project. In July the HRA and City Council completed an <br /> interview of the three selected finalist developers -TOLD Development, MetroPlains <br /> Development, and Best&Hempel. <br /> Jim Prosser, of Ehlers &Associates will be present at the HRA meeting to discuss the <br /> preliminary development process. <br /> Requested Action <br /> Staff recommends that the HRA authorize staff and Ehlers &Assoc. to negotiate a <br /> Preliminary Development Agreement with a selected developer for the Downtown <br /> Revitalization Project. A draft Preliminary Development Agreement will be presented to the <br /> HRA for review and consideration at its regular meeting in September. <br /> The City Council is asked to ratify the HRA's selection of a developer at the regular City <br /> Council meeting immediately following the HRA meeting. <br /> • <br /> S:\Downtown Revitalization\Memos\devselection.doc <br />