6. HRSR 10-03-2005 - Laserfiche WebLink

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ITEM # 6. City of Elk -~-~ River MEMORANDUM TO: Housing and Redevelopment Authority FROM: Scott Clark, Community Development Director y DATE: October 3, 2005 SUBJECT: Direction to Commence Formal Redevelopment Plan for Downtown Area Purpose and Background The purpose of this memorandum is to seek direction from the HRA regarding proceeding with a formal redevelopment plan for the "downtown area." By definition, staff views that there are, for redevelopment and planning purposes, two distinct areas that are divided by Highway 10. At this time, staff is recommending that a redevelopment plan for the north side of Highway 10 be started first, and then a separate process to conclude a second plan for the south area. The purpose of doing a formal plan includes: 1) The need for such a plan was identified by the City on December 6, 2004 as part of the "2004-2007 Economic Development Strategic Plan." (Attachment 1). 2) State Statute 469.028 requires a redevelopment plan to be completed, and approved by the Council, prior to commencing redevelopment actions. (Attachment II). 3) A formal plan creates a consensus for future actions. The process that is undertaken to finalize a redevelopment plan incorporates both citizen and other City Boards and Commissions concerns and comments. The planning process, and subsequent redevelopment plans acted on by the Council, serves to compromise and finalize differing opinions. 4) A plan is critical for any future eminent domain proceedings by establishing public purpose. 5) The redevelopment plan is a critical tool in budgeting future City capital costs. 6) A redevelopment plan assists in identifying how related City services (park improvements, street reconstruction and future capital improvement projects) can be better timed and implemented to provide efficiencies in redevelopment actions.