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7.0. HRSR 08-27-2001 Iteml 7 • City Elk River MEMORANDUM TO: Housing & Redevelopment Authority FROM: Catherine Mehelich, Director of Economic Developmentg DATE: August 27, 2001 SUBJECT: Discuss Desired Redevelopment Uses for the NE Corner of Highway 169 & Main Street Attachments *Arieal Map of Proposed Redevelopment Area *Plat& Zoning Map of Proposed Redevelopment Area Issue Kraus-Anderson is continuing to research redevelopment opportunities for the NE corner • of Highway 169 and Main St. Staff requests the HRA discuss the desired redevelopment concept for the area so staff may provide direction to the developer. Background Initially the proposed redevelopment area includes the following: *Vacated Ron's Foods grocery store on 2.38-acres * City of Elk River Emporium on .79-acres * 2— 15unit apartment buildings on approximately 2-acres,located on Third Street Additionally, the redevelopment area may be expanded or a second phase be added with the adjacent single-family homes and apartment buildings located to the north. Requested Action Staff recommends the HRA discuss and define the desired uses for the proposed redevelopment area,which may include the following: * Office *Retail (single-user or multi-tenant) * Restaurant/Hotel * Multi-family residential * Mixed-use development Staff will share the information with the developer and invite them to submit a redevelopment proposal for further consideration of the HRA's assistance. 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