The URL can be used to link to this page

Home My WebLink About4.b. Downtown Redevelopment Update EXECUTIVE SUMMARY Port Authority Meeting Date: October 15, 2019 AGENDA SECTION: AGENDA ITEM: Downtown Redevelopment Update Old Business PREPARED BY: Eric Van Oss, Economic Development Coordinator, Kim Lindquist, Deputy AGENDA NO. 4.b. Director ATTACHMENTS: None APPROVED BY: LJM RECOMMENDED ACTION: Information Item BACKGROUND Staff has been notified that the agreements have been made relating to purchase of the two properties needed for the Downtown redevelopment project. In order to assess timing and approvals needed, staff met with Ron Clark Construction and Design representatives Mike Waldo and Mike Roebuck earlier this week. Planning applications and approvals for planning and financing are tentatively planned for fall/winter 2019 with anticipated work beginning in April 2020. Once final approvals have been granted, staff may begin to apply for redevelopment grants through DEED, Met Council, and Dakota County CDA so long as it appears that the project would be a viable candidate for approval and the timing for the grant process would not unduly delay the project start. Below is the tentative schedule of events: th November 18 – Receive Planning Application th November 19 – TIF Discussion at Port Authority meeting th December 10 – Neighborhood Meeting sponsored by the developer th December 16 – Planning Commission public hearing th December 17 – Port Authority Discussion of project and financing, including draft development contract thst January 7 or 21 – Final planning approvals by Council and TIF approval by Council and Port RECOMMENDATION No action needed at this time. Staff will provide information at the Port Authority meeting as it becomes available.