10.2. SR 05-07-2018 - Laserfiche WebLink

Home Browse Search

Request for Action To Item Number Mayor and City Council 10.2 Agenda Section Meeting Date Prepared by General Business May 7, 2018 Amanda Othoudt, EDD Item Description Reviewed by Downtown TH 10 and Lowell Ave Redevelopment Cal Portner, City Administrator Reviewed by Project Action Requested Receive update on the Downtown TH 10 and Lowell Ave Redevelopment Project. Background/Discussion The City of Elk River is exploring the redevelopment of several parcels in downtown Elk River near the former ISD #728 Building and Elk River Meats. As part of the project, the city is pursuing a redevelopment plan for the area. At their April 2, 2018 meeting, it was the consensus of the HRA to engage LHB, Inc. to survey and inspect the properties in the downtown area and report to the HRA and Council to determine the next steps in the redevelopment process. LHB provided the city with a proposal to perform an inspection of the ISD #728 and Elk River Meats properties within the proposed district. Both property owners have been contacted and are supportive of the project and have consented to the inspection. They will inspect both the interior and exterior of the building and evaluate the coverage of the district. The HRA reviewed the proposal earlier this evening. In order for the city to consider this area as a redevelopment TIF district, 70% of the district must be occupied by buildings, streets, utilities, or other similar structures, and more than 50% of the buildings must be structurally substandard. A building is structurally substandard if it is not in compliance with the building code for new buildings or could be brought into compliance for more than 15% of the cost of building a new building of the same type. Defects in structural elements or a combination of deficiencies in essential utilities and facilities, light and ventilation, fire protection including adequate egress, layout and condition of interior partitions, or similar factors, which defects or deficiencies are of sufficient total significance to justify substantial renovation or clearance. In the event that one of the buildings would not qualify within the proposed redevelopment district under the substandard test, it may be necessary to include two additional buildings into the district. The buildings in consideration are the properties along the west side of Jackson Ave. The Elk River Vision A PehoMing community Pitb revolutionary and spirited resourcefulness, exceptional P,` 01 W E H E 8 6 T service, and community engagement that encourages and inspires prosperity INAWRE1