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<br />Item 5.2. <br /> <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Mayor and City Council <br />Housing and Redevelopment Authority <br /> <br />FROM: <br /> <br />Heidi Steinmetz, Assistant Director of Economic Development <br /> <br />~~ <br /> <br />DATE: May 9,2005 <br /> <br />SUBJECT: Discuss HRA's Redevelopment Concept and Narrative <br />Description for Downtown North of Hwy I 0 <br /> <br />Attachments <br /> <br />. Redevelopment Concept Map <br /> <br />. Draft Narrative Description: Purpose, Project Goal and Objectives <br /> <br />Background <br />Since June of 2004, the HRA has completed the following activities to develop a <br />redevelopment plan for downtown north of Hwy 10: <br /> <br />. Defined a study area boundary <br />. Expressed a long-term vision for the study area <br />· Reviewed past & updated research of building condition, historic significance, and <br />the market analysis for the area <br />· Reviewed three redevelopment concept options and discussed barriers to <br />implementing the concepts <br />. Selected and refined one of the concepts <br />. Directed staff to utilize the concept as a guiding document for redevelopment <br />proposals and inquiries from the private sector <br />· Drafted & refined narrative description for the concept <br />. Called a special meeting for a work session with the City Council for input on the <br />redevelopment concept and narrative <br /> <br />Issue <br />The HRA requests the City Council's input on the attached redevelopment concept and <br />narrative description. The HRA will then consider adopting a redevelopment plan for the <br />area. Following the HRA's adoption of the plan, the City Council will be asked to adopt the <br />plan and action steps can be developed. <br />