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ECONOMIC DEVELOPMENT ADVISORY COMMITTEE On October 1, 2009 the EDAC discussed the conversion of the Country Inn & Suites to an assisted living/memory care facility. EDAC's areas of consideration were the impact of change of use on future economic development of the area and the change from commercial to rental tax classification. Preliminary estimates of taxes generated by the new use indicate that the impact will not be significant. After considering potential economic benefits to the community versus the risk of a vacant facility, EDAC unanimously recommended to change the land use in the Legacy at Woods Edge development to accommodate assisted living on that site. EDAC recommends as a condition of approval that the city and the developer enter into a development agreement that ensures payment in lieu of taxes if the facility is sold to a non-profit, non -taxpaying entity. PLANNING AND ZONING BOARD On October 14, 2009 the Planning and Zoning Board held a public hearing on this request and after deliberation voted unanimously to recommend approval of the request. REDEVELOPMENT OF AN EXISTING BUILDING When redeveloping an existing building by changing the use, staff feels that it is appropriate for the PUD Final Plan to remain in effect and an administrative Site Plan Review be completed to guarantee that all requirements of the LLTCDDG will be met with the proposed change. In addition to the administrative Site Pian Review, the City Council will also need to complete a Development Agreement to guarantee that all city interests are appropriately addressed. RECOMMENDATION Staff recommends approving the second reading of Ordinance No. 11-09 and Resolution No. 09-94, the summary for publication. ATTACHMENTS 1. LLTCDDG pages 12-18 with proposed amendments shown. 2. ORDINANCE NO. 11-09 3. RESOLUTION NO. 09-94 — Summary for Publication