2001-007 Council Resolution - Laserfiche WebLink

Home Search

• • AGENDA ITEM 3A STAFF ORIGINATOR Al Rolek MEETING DATE January 22, 2001 TOPIC Authorizing an Economic Development Feasibility Study for Town Center BACKGROUND The City Council has undertaken several steps toward the development of the Town Center area. Among these is the preparation of a concept plan, the acquisition of property, discussions with developers, including the YMCA, and the application for a livable communities grant. As you know, the Metropolitan Council has awarded a grant to the City that is considerably Tess than the City had requested. This, among other factors, has raised the need to review the financial impacts and explore alternatives for the development of the Town Center area. This review would take the form of an Economic Development Feasibility Study. Staff has prepared an outline for the scope the study and has obtained quotes from Springsted, Inc. and Ehlers and Associates. The quotes range from $7,500 to $12,500 for both consultants. If undertaken, the study will be completed by April 1, 2001. The study is intended to be financed through the remainder of the livable communities planning grant. If for some reason the Metropolitan Council will not authorize the expenditure of grant proceeds for this purpose, the study would be funded from the 2001 Economic Development departmental budget. Because of their experience in the Town Center area through previous studies and their familiarity of the background of this area, staff recommends the study be prepared by Springsted, Inc. Staff has prepared Resolution 2001 -07 which authorizes the preparation of the study and appoints Springsted as the consultant for the study. OPTIONS 1. Adopt Resolution 2001 -07. 2. Return to staff for further review. RECOMMENDATION Option 1.