6.0. HRSR 05-03-2004 Item 1 6
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City of
Elk -�-1
River
MEMORANDUM
TO: Housing & Redevelopment Authority
FROM: Heidi Steinmetz, Assistant Director of Economic Development S
DATE: May 3, 2004
SUBJECT: Arrow Building Center Redevelopment Project Update
Attachment
Arrow Building Center Redevelopment Concept Area Location Map
Background
HRA Review
• At its April 5, 2004 meeting, the HRA reviewed Arrow Building Center's preliminary request
for Tax Rebate Financing(TRF) to assist with the demolition and asbestos removal for the
proposed redevelopment project.
Attached is the location map for the proposed project. The project consists of the
construction of two new facilities;a 6,400 square foot office/showroom building and a
12,840 square foot warehouse building located at the intersection of King Ave and State
Street,north of Hwy 10 and the railroad. The concept includes the removal of the existing
Eagles Club building, the former NAPA building,Arrow Building Center office building and
two warehouse buildings. In addition, the applicant will request a Conditional Use Permit
(CUP) and Street Vacation.
The HRA's consensus was that Arrow Building Center proceed with staff in completion of
the TRF consideration process and that the HRA review and identify priority redevelopment
areas,needs,goals and objectives for downtown,north of Hwy 10, at a future time rather
than delaying the proposed project.
City Council Review
At its April 19, 2004 meeting, the City Council considered the redevelopment and Street
Vacation concept. Comments were received by the Council but no action was requested by
staff. Feedback included the issue that the City should be proactive rather than reactive
regarding the redevelopment and vision for downtown, north of Hwy 10. However, the
• Council concurred with the HRA to not delay the proposed project.
Arrow Building Center Redevelopment Project Update
May 3,2004 HRA Meeting
Page 2 of 2
• Project Status
Arrow Building Center has recently requested that the TRF consideration process be delayed
at least thirty days.
Contingent upon Arrow Building Center's submittal of a completed TRF application, the
earliest the HRA will consider the application and a recommendation to Council is at the
June HRA meeting. A subsequent City Council public hearing would be held and the
Council would consider granting final TRF approval. It is possible that the CUP and Street
Vacation consideration process be done concurrently with the TRF consideration process.
Recommendation
Staff recommends that the HRA consider scheduling a worksession to review and identify
priority redevelopment areas, needs, goals and objectives for downtown,north of Highway
10. The HRA may consider utilizing Jim Prosser of Ehlers and Associates to facilitate the
HRA's discussion. Mr. Prosser facilitated the HRA's October 2001 worksession in which
the HRA began the visioning of opportunities and goals for the implementation of the
Downtown Revitalization Project.
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