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District 2 <br />LEGACY AT WOODS EDGE <br />ACCOMPLISHED: <br />• Land Swap (1995) <br />• Civic Complex (1998) <br />• Sale of city property(2004) <br />• Awarded three Livable Communities Grants <br />• Sale of sandblasting plant (2004) <br />• Public financing for completion of infrastructure, including upgrade of <br />Lake Drive (2005) <br />• Infrastructure complete (2006) <br />• Country Inn & Suites (tax base within TIF District (2006) <br />• YMCA (2006) <br />• Lakewood Apartments (affordable component of development <br />agreement) (2007) <br />• 13,000 sq. ft. retail space(2007) <br />PURPOSE: <br />EDAC recognizes that facilitation of the Woods Edge development <br />as the focal point of the Town Center based on the guiding <br />principles established in the Master Plan as a highest priority. <br />TIME FRAME: Ongoing <br />STRATEGY: <br />1. Work with bank /investors /commercial brokers to generate development <br />interest in purchase of the remaining property. <br />2. Work with bank /commercial brokers to generate interest in existing <br />tenant space. <br />3. Promote the unique opportunities for mixed use and higher densities <br />available on this site. <br />4. Develop additional development options for the city council to consider <br />based on current market conditions and developer interest. <br />PROJECTED RESULTS: <br />The Woods Edge project will incorporate public facilities into a mixed - <br />use commercial /residential development center to provide municipal <br />services, a physical sense of identity for the City, an active, pedestrian - <br />oriented environment, and a profitable business center. The City <br />initiative has used city facilities and the YMCA as a means to stimulate <br />private development, increase the value of land along I -35W, enhance <br />4 <br />• <br />• <br />• <br />