6. HRSR 11/07/2005 - Laserfiche WebLink

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Item 6. giver MEMORANDUM TO: Housing and Redevelopment Authority ~S FROM: Heidi Steinmetz, Assistant Director of Economic Development DATE: November 7, 2005 SUBJECT: Consider Work Plan for Formal Downtown Redevelopment Plan and Discuss Purpose & Primary Goal Attachment • Downtown Redevelopment Plan Work Plan Outline Purpose The purpose of this memorandum is to provide the HRA with the following: A question for discussion to refine the purpose of the formal redevelopment plan for downtown north of Hwy 10. It is essential that the HRA and City Council agree on the primary goal and purpose of the redevelopment plan, i.e. "Are we attempting to extend the downtown area and reestablish a second downtown area or is it appropriate to view the area as something else?" 2. A work plan outline for developing a formal redevelopment plan. Background The HRA began working in June of 2004 to develop a conceptual redevelopment plan for downtown north of Hwy 10. The HRA developed a redevelopment concept but postponed its discussion regarding a formal project purpose in order to further research the marketability of the area. At its October 3"' meeting, the HRA decided to take its redevelopment planning efforts to the next level, and began discussions to develop a formal redevelopment plan for the area. This decision was based on the following factors: State Statute requires a redevelopment plan to be completed and approved by the Council prior to commencing redevelopment actions; A plan is critical fox any future eminent domain proceedings by establishing public purpose;