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I <br /> CM'©e REQUEST FOR COUNCIL CONSIDERATION Agenda Section <br /> STAFF REPORT Report Number: Q —i 8'2$YVS <br /> 0 <br /> ©MOS <br /> Report Date: 8/29/96 <br /> A WORK SESSION MEETING DATE <br /> OEN§ September 3. 1996 <br /> r°BrPji"Partnetst'4S <br /> Item Description: Discussion of Proposed Development for the O'Neil Property <br /> Administrator's Review/Recommendation: <br /> -No Comments to supplement this report <br /> -Comments attached. <br /> Explanation/Summary(attach supplement sheets as necessary) <br /> Summary: <br /> Pam and I met with Anthony Properties out of Dallas and his local broker Wendell Smith with regards to a <br /> coordinated commercial development on the O'Neil property. The developer has contacted the owner and <br /> they have discussed purchase price/options for the property. This type of development could spur the <br /> direction of the corridor and bring new life to the older retail centers along Highway 10. The development <br /> includes an entertainment center and office\professional buildings. Anthony Properties have prepared <br /> preliminary site plans for the property taking into consideration the current boundaries and City buffer of the <br /> wetland. I have attached these plans for your review and will bring larger plans to the work session. <br /> *am and I have discussed the project with Rocky Keehn. In addition, Anthony properties have talked to <br /> Rocky in preparation of the preliminary plans. I have included Rocky's comments regarding the <br /> development and wetland, stormwater and permit issues. <br /> The one critical question regarding this property is the delineation of the wetland and how this use and <br /> potentially any other use would impact that wetland and its relation to the City's Local Water Management <br /> Plan. At this point, the developer in not requesting any financial assistance for the development of the <br /> project. Rather, they are requesting that we assist in determining the actual location of the wetland so that <br /> they can make a determination as to what may of may not be feasible and to partner with them regarding their <br /> potential and our future storm water needs. <br /> I would propose that the City pursue delineation of the property to assist in the future development market for <br /> the property and evaluate the benefits to the community for this type of project in regards to both increase in • <br /> tax base,jobs and redevelopment of the remainder of Highway 10. The estimated cost for delineation is <br /> $1,500 which could be funded out of existing tax increment administrative funds. <br /> L5) ii8a-v4JC -- <br /> Cathy Bennett, lon. Dev. Coordinator <br /> ID, <br />