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2.0. HRSR SPECIAL AGENDA 02-04-2002 , II CITY OF ELK RIVER ElkSPECIAL MEETING NOTICE River SPECIAL MEETING OF THE ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY Monday, February 4, 2002, 5:00 p.m. Elk River City Hall 13065 Orono Parkway Elk River, Minnesota I, Larry Toth, Chair,hereby request a special meeting of the Elk River Housing and Redevelopment Authority on Monday, February 4, 2002, at 5:00 p.m., at the Elk River City Hall, 13065 Orono Parkway, Elk River,Minnesota. The purpose of the meeting is to discuss the downtown redevelopment project. In accordance with State Statute,I hereby request the city clerk to post this notice at least • three days prior to the meeting date. I further request the city clerk to notify each member of the Housing and Redevelopment Authority of this special meeting,in writing, at least one day before the meeting. as oa Larry Toth, Chair Date I HEREBY CERTIFY, that this notice has been posted and that I have served this notice upon the members of the Housing and Redevelopment Authority by mail at least one day prior to the above-called special Housing and Redevelopment Authority meeting. a 6:204"-e. Sandra A. Peine, City Clerk Date • S/council/mtgnotice SPECIAL MEETING OF THE ELK RIVER HOUSING & REDEVELOPMENT AUTHORITY AGENDA Monday, February 4, 2002 Elk River City Hall - Training Room 5:00 P.m. 1. Call HRA Special Meeting to Order 2. Consider February 4, 2002 Agenda 3. Downtown Sidewalk Project Summary 4. Downtown Riverfront Revitalization Project 4.1 Review Development Objectives and Design Concepts 4.2 Update on Communication Activities 4.3 Review Implementation Policies and Next Steps 4.4 Consider Property for Sale located in Revitalization Project Area 5. Adjourn This agenda is available in alternate formats Upon a 72 hour advanced notice. "Auxiliary aids and services are also available upon a 72 hour advanced notice. Please contact the City Clerk at 441-7420(TDD 441-7420)to make a request. examples of alternate formats may include:large print Braille,audio tape,etc." Examples of auxiliary aids may include a sign language interpreter,assistive listening device, • • Elk River Core CBD Redevelopment Strategies Ehlers&Associates a February 4;2002 1. Solicit Proposals wgi- • • Use development objectives and concepts as basis for RFP Wit • Request proposals for multiple areas �r • HRA not committed to accepting any proposals Al 2. Preserve some sites for later development • Hold some sites from RFP process(Parking area) S " • Include in RFP but drop from development if proposals do not meet objectives. �r w • f. 1 1 3. Land Acquisition • Developer to use best faith efforts to acquire " • Require mediation if not successful with efforts • • Eminent domain if mediation is not successful r 0 �1•r ti:), 4. Highway 10 „Y -« � • Elevated Highway 10 likely to pose problems with development • Recommend alternative designs • Seek developer planning feedback AC 5. Historical Context Study s .l • Solicit RFP prior to completion of study 4 • After selection work with developer to explore results of study in design alternatives • Use results of developer analysis to assess ' costs and impacts of various alternatives • r 2 • fl3 �� yE eO kkat 6. Redevelopment Time Frame Ng • Expect need to update concept after 5 years �h�9; tr,1 • Revision to consider market conditions 7. Initial Time Frame for Redevelopment mg • Do not expect construction before 2003 11 • Later stages 3-7 years gcmagniderW no 8. Financial Assistance itte • Assistance likely due to land cost • Consider qualifying area for tax increment • Abatement and grants are other assistance options • Value and density impact ability to provide tax increment assistance • u• 3 • 9. Communication • • Redevelopment is controversial • Forecast time frame,upcoming decisions, opportunities for public involvement • Encourage questions • Respond to concerns tit ift 10. Advance purchase of land • • Generally not recommended • Exceptions include willing sellers,strategic locations, reasonable costs,ability to resell • May save on relocation and reasonable kttf V4'4V 11. Concepts are Framework • Concepts are not plans • Final development is likely to be different than concepts and even proposals • Final plan impacted by community input, market,financing and regulatory reviews • Be flexible x; 4 } % Final Thoughts -� . . . . • Redevelopment%long process t • Take measured steps \ . Many small(but important)decisions . Do n't dismiss any concerns C. �\ � S • 5