04-30-96 Council Workshop Minutes

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MYNUTES CITY COUNCIL APRIL 30, 1996 The Administrator pointed out that a lot of cities are aggressive with redevelopment. He also mentioned other funding sources which can help with this project, including assessments, County funds, MSA funds, TIF assistance. The Administrator also pointed out that the Livable Communities Act may be a good source of dollars, and reported another funding cycle begins this fall. The Administrator suggested that he have discussions with affected property owners to determine their initial interest in selling the City options. If there is interest, appraisals would be done to provide a basis for negotiating option agreements. The next step would then be to have an environmental study done. Fifield indicated that he could continue work on the financing aspects and rough out an RFP. Fifield pointed out that the RFP is not the only route, indicating that there may be developers who just walk in the door with a proposal. Rutzick suggested that the Council look at the redeveloped Aighland Village, pointing out that that redevelopment project has been very successful. The City of St. Paul provided assistance for that project. This is the kind of project the City could expect if a couple of good anchor tenants take the corners. Morelan asked how exact the RFP should be with regard to uses. Fifielcl pointed out that there are both office and retail,uses. Fifield felt the use should be left to the creativity of the developer. Restricting use might cut off some tenants that the City would find appealing. The Administrator agreed that the City should be flexible and use the Development Guide as a broad parameter. Scalze suggested that the City will not attract the kinds of tenants that Highland Village did because of the market area. Pedersen stated that he was not sure the market was very different, pointed out that the Rice Street area also serves Roseville residents on the west side of Rice Street. 10