5. HRSR 05-02-2005 - Laserfiche WebLink

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ITEM # 5. ~~~ ti~ tver MEMORANDUM TO: Housing & Redevelopment Authority FROM: Catherine Mehelich, Director of Economic Development /~~ DATE: May 2, 2005 SUBJECT: Downtown Revitalization Project Update Attachments • MetroPlains Project Schedule King Avenue Parking Lot Taskforce, Apri15, 2005 draft meeting minutes Articles re: Riverfront redevelopment in Hastings, St. Paul Pioneer Press and MN Real Estate Journal Background The City entered into a development agreement with MetroPlains Development at the end of last year. Since that time staff has been working closely with MetroPlains to make progress on a number of activities leading up to the anticipated summer project construction outlined in the attachment. Current Activities King Avenue Parking Lot Improvement Assistant Director of Economic Development, Heidi Steinmetz is working closely with the King Ave Parking Lot Taskforce and their monthly meetings to provide input on the parking lot design and enforcement options. Draft meeting minutes from the April taskforce meeting is attached for the HRA's review. The taskforce will meet again on May 5`" to finalize recommendations for the HRA and City Council regarding parking enforcement. The recommendations will be presented at the June HRA meeting. The anticipated construction schedule remains as follows: • May Building removal and Council considers bid for parking lot improvements • May/June Commence parking lot construction • June/July Completion of parking lot construction In accordance with the Development Agreement MetroPlains has deposited funds with the City to pay for the parking lot improvement project. The City Council will consider awarding the bid for the improvement at its May 2 meeting. The construction would begin approximately two weeks following the bid award. The construction period is expected to take four to six weeks.