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<br />Request for Action <br /> <br /> <br />To Item Number <br />Housing and Redevelopment Authority 8.1 <br />Agenda Section Meeting Date Prepared by <br />Work Session January 2, 2018 Amanda Othoudt, EDD <br />Item Description Reviewed by <br />Trunk Highway 10 and Main Street Redevelopment Cal Portner, City Administrator <br />Plan <br />Reviewed by <br /> <br /> <br />Action Requested <br />Receive an update on the Trunk Highway 10 and Main Street Redevelopment Plan. <br /> <br />Background/Discussion <br />At their November 2, 2017, Work Session, the City Council heard a presentation on a conceptual Trunk <br />Highway 10 and Main Street Redevelopment Plan as it relates to the potential development of a high <br />density, mixed use, market rate apartment complex. The Council requested staff research the traffic <br />concerns the project might experience with the addition of approximately 265 residential units. <br /> <br />Staff discussed the project with the city engineer and consultants and determined traffic would certainly <br />increase, but without a project proposal it would be impossible to estimate the traffic counts resulting <br />from new development. A traffic study could be required as part of the conditions of the development <br />agreement. <br /> <br />At their November 20, 2017, Work Session, the City Council discussed the traffic concerns and the Draft <br />Request for Proposal. The requested that the HRA discuss the RFP in more detail and provide feedback <br />to the Council. <br /> <br />The HRA provided feedback at their Work Session on December 1, 2017, and decided to reformat the <br />RFP and open it up to all redevelopment opportunities and bring it back to the Council for approval. <br /> <br />After further discussion with staff, it was determined a general proposal would have the same impact as <br />letting the market dictate the development. Staff had a vision for a high-density, pedestrian-friendly <br />neighborhood with residential over diverse retail in a neighborhood with multiple parcels that have not <br />generated property taxes. In lieu of this direction, staff proposes to seek feedback from potential <br />developers and the commission on the type of developments that are best suited or desired for the area. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> None <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />