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��U� CN2 C�<<J)G�JCo��;; -� A � �= n,n •A f ��u ~ � S ogrP3t ' Parinc[s�"Q REQUEST FOR EDA CONSID�RATION STAFF REPORT EDA MEETING DATE November 12, 1996 Agenda Section 7A Report #: EDA 96-60C Report Date: 1 l /8/96 Item Description: Consideration of Resolution Authorizing the Negotiation and Execution of a Contract for Professional Services with SRF Consulting Group, Inc. for the study of Highway 10, Section 9 Explanation/Summary (attach supplement sheets as necessary) Summary: At the November 4th worlc session, SRF Consulting Group, Inc. gave a brief presentation regarding their proposal for the study of Highway 10, Section 9 as requested by the EDC and approved by the EDA in September. The goal of the study is to develop a coordinated vision and prepare schematic plans for the future development of undeveloped aud underdeveloped areas of Highway 10 located between County Road I and Highway 10. The objective is to maximize the tax base of the City and pro�ide the framework for a quality aesthetically pleasing physical envii•onment, wllile protecting and enhancing the natut•al environment and surrounding land uses in the area. SRF Consulting Group, Inc. is teaming up with Towle Real Estate to provide a variety of services to achieve the City's goal for the study. They are proposing a process of evaluation and visioning tliat includes consensus building by all stal<eholders in the area while providing forums for public input throughout the process. SRF will analyze the issues, opportunities and constraints and create three redevelopment strategies. In addition, with the assistance of Towle Real Estate, a market overview will be conducted to identify the potential for types of uses in the area. It is expected that the study will be a three to four month process with a final product presented to the community at the end of the process. The plan will be useful in marlceting the properties and guiding staff when pt•oposals for development are presented by the private sector. in addition, the study will be helpful in the process to update the comprehensive plan which is scheduled to begin in 1997. The Economic Development Commission (EDC) interviewed five candidate �rms for the study of Highway 10 - Section 9 on October 24th and October 29th. The majority of the proposals were very competitive regardiiig services offered and the price range for those services. The EDC feels that community participation from the stakeholders in the area is very important as well as inarlcet analysis a�id a final product that can be used to attract developers for the desired uses. After careful considerations and two mornings dedicated to the interviews, the EDC, through a motion made by Dan Nelson and seconded by Rosemary Goff, recommended SRF Consulting Group for a maximum cost of $25,000 to be taken from the tax increment fund that is set aside for the redevelopment of Highway 10. Attached is a resolution that authorizes staff to negotiate and execute a contract with SRF Consulting foe the study. The maxitnum cost of the project would be $25,000. Cathy Benn , con. Dev. Coordinator RECOMMENDATION: Waive the readiilg and approve Resolution No. 96-EDA 56 Approving and Authorizing the Negotiation and Execution of a Contract with SRF Consulting Group, Inc.