01-10-2024 Workshop Packet - Laserfiche WebLink

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About TAP: Technical Assistance Panels (TAPs) bring a market-based perspective to your specific development/land use challenge or policy issue. TAPs provide an unbiased, interdisciplinary panel of volunteer real estate professionals who address a specific project, development or policy issue. ULI Minnesota will assemble a panel of experienced developers and real estate professionals specifically selected for their expertise relating to the TAP assignment. Our panel can tell you what kinds of development you can realistically expect and what tools you might use to attract the development you want. Ranging from one half to three days, the workshop is preceded by analysis of background information provided by the sponsor, planning sessions, community interviews, and site tours. The panel’s findings and recommendations are documented in a written report. The cost of these high intensity workshops and published deliverables ranges from $5,000 to $30,000. Length of TAP is negotiated based on need. Strategic Plan: The City’s Strategic Plan calls for development redevelopment efforts in our “Maximizing our Assets to Catalyze Development” related to Developer presentations on market demand and redevelopment opportunities. In addition, the Strategic Plan states one of the visions for 2025 is to have revitalized key commercial corridors. With these initiatives, the ULI TAP program is a necessary next step in accomplishing these goals. https://www.littlecanadamn.org/DocumentCenter/View/1372/Strategic-Plan-2022-PDF ULI responsibilities: • Facilitate a steering committee (including staff representatives from the City) to plan the TAP and recruit panelists. • Identify and recruit a panel of 5-6 cross-sector local industry professionals who will address the City’s questions at a workshop and respond to the City with its findings and recommendations. • Pursue panel work in the manner described below. • Following the conclusion of the panel, prepare a summary report within two months containing its findings and recommendations. • After completion of the final report, present the report and its findings to the City’s elected and appointed officials and staff. Little Canada Proposal: After discussions with the ULI Executive Director, Megan Flanagan, we were given two TAP options – a 1.5-day panel or a 2.5-day panel. The cost for the 1.5-day panel is $17,500. The 2.5- day panel cost is $30,000. City staff believe that the 1.5-day panel aligns better with the needs of the City and offers tremendous opportunity to gain invaluable insights for the development and redevelopment goals.