HRSR SPECIAL AGENDA 03-17-2004 SPECIAL JOINT MEETING OF THE ELK RIVER
HOUSING & REDEVELOPMENT AUTHORITY
AND CITY COUNCIL
AGENDA
Wednesday, March 17, 2004
Lions Park Center
6:30 p.m.
I. Call City Council and HRA Special Joint Meeting to Order
WORK SESSION -- Downtown Revitalization Project
II. Project Background Cathy Mehelich
III. Current Status & Issues for Discussion Jim Prosser, City's Financial Advisor, Ehlers &Associates
I. Jackson Block
a. Historic Significance Cathy Mehelich &Jim Prosser
b. Title Peter Beck, City Attorney
c. Purchase Price Sid Inman
d. Parking Replacement Michele McPherson &Terry Maurer
• e. Construction Staging Areas Cathy Mehelich
2. Regulatory Approvals
a. DNR, Land Use, TIF, etc. Michele McPherson
3. Development Agreement Issues
a. Connecting Bluff Block and Sid Inman, Ehlers& Mary Ippel, Attorney
Jackson Block Projects
b. Level of Assistance and Type Sid Inman & Mary Ippel
c. Refined Concept Plan Jim Prosser& Cathy Mehelich
IV. Comments from Audience
V. Adjourn
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City of PROJECT DESCRIPTION
Elk
400•1\,/'-., JULY 2003
�/
Ri e Enhancing Downtown Elk River's Role
As a Vital Retail,Commercial and Residential Area.
Primary Goal of Downtown
Revitalization Project: - -
To assure the long-term viability of downtown by mak- te,* " . *,
ing a connection to the rest of the community and by =
utilizing the riverfront location. Redevelopment will `` I.1-. ri - ,,,
enhance downtown Elk River's role as a residential,
retail and commercial area and also revitalize invest- ` 4', . - r •,
ment in the downtown business district. -e ,, 9., "3,„, .,,,,.... 4,Development Objectives: t 4, .
�c t
• Mixed use(residential/retail/service) s'�� " r, r} 4 I 7 r '"
• Consideration of the historic context study results f'^ , " `� , _ 6 '
• Strengthen connection to the community °H,, 44- _£� , `� z�-' , f'
• Traditional downtown design elements w� ,, ^�,+ter,"1 E -: . ' .-
• Brick, stucco, stone materials with visual breaks in i- r t ;w;, eiy; " M % ..
z
the building design 1. 4"011 .' ;a.•, �,' _ - �--
• • Increased residential d .. ,,, :! ° .,,�•,t�i,. '` , �-
• Pedestrian orientation - `; ' '_ ,. 4' -
• Increase exposure to the riverfront - s
• Recognize those buildings that have potential ( r" *
for rehabilitation - '
• Replace market/economic obsolete buildings • BLUFF BLOCK DEVELOPMENT
• Multiple types of housing products
(i.e. townhomes, senior rental coops, . 'I
market rate apartments) °`
) 4.3,,e,
• BLUFF BLOCK DEVELOPMENT
— 10,000 s.f. commercial on first floor along
..„40,—,
-Main Street($13/s.f. avg. rent)
— 52 units of for-sale housing � :; ;; �
— 3 and 4 stories
kal +
- 70-80 below grading parking stalls for housing .
& commercial residents ,.1..- 1 } - - • 1� ;1
— Connection to City's Riverwalk development +f11 �l' - . , ' ', `.. `� . � 'i`
- 1 , .-, i
• JACKSON BLOCK DEVELOPMENT S '";�'°, k =t .,;= ',i : c yilgel-�: i t..- i%•— 10,000 s.f. commercial on first floor along` t 10, ,t " ,;..,4i - R ∎.,.,-;� *; 4–`t
Jackson Street and at the corner of Jackson " '^`-- - '_ i� "f
and Main �r . ' i.
— 32 units rental housing (16 1 bedroom units at i" `_ ; _ �,
$600 per month & 16 2-bedroom units _- ° I
at$700 per month) 1
• — 3 stories -
— Up to 52 below grade parking units for housing
residents and commercial and 18 surface units •JACKSON BLOCK DEVELOPMENT