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6.0. HRSR 04-23-2001 Item 6. City of Elk River MEMORANDUM TO: Housing & Redevelopment Authority FROM: Catherine Mehelich, Director of Economic DevelopmenK DATE: April 23, 2001 SUBJECT: Downtown Redevelopment Plan Update The preparation of the Downtown Redevelopment Plan was divided into three phases: • Information Gathering • Vision for Future Development • Implementation Plan The first phase included compiling an inventory of properties and information about the S study area. A market analysis of the study area was also completed as part of the identification of redevelopment constraints and opportunities. The second phase of the planning process involves a joint worksession of the Planning Commission, HRA and River's Edge Downtown Association to review the issues identified in the information gathering stage and to come to consensus on the direction for downtown's redevelopment. The worksession would involve presentation by staff of issues identified in the information gathering stage and also a presentation of the market analysis by Maxfield Research Group. Following the presentations, staff will facilitate a brainstorming discussion to gain consensus on conceptual redevelopment opportunities,land uses, design guidelines and ordinance changes. A follow-up worksession involving the HRA, EDA, and City Council may be held to formulate and finalize the common vision and opportunities. Input provided at the meetings will be used as the basis for drafting the implementation plan in the third and final phase of the planning project. Action Requested Staff recommends that a special meeting of the HRA be called for Tuesday,May 8, 2001 at 6:30 P.M. in conjunction with the Planning Commission and River's Edge Downtown Association for discussion of the Downtown Redevelopment Plan. S