01-09-2023 EDA - Laserfiche WebLink

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MOUNislVIEW of Mounds View Staff R Item No: 7B Meeting Date: January 9, 2023 Type of Business EDA City Administrator Review To: Economic Development Authority From: Brian Beeman, Assistant City Administrator Item Title/Subject: Ardan & Greenfield Park Redevelopment Discussion Introduction: On April 5, 2021 the City Council heard a presentation by staff on all of the potential redevelopment sites in the city. Ardan and Greenfield Park redevelopment areas were discussed and it was determined that a wetland delineation study was needed in order to define what is developable and what is to remain as wetland. The wetland delineation study was completed early towards the end of September 2022. The study was distributed to developers with instructions to submit a concept map and general plan proposal to the City Council for it's January 3, 2023 City Council Worksession meeting. Those proposals are attached. At the January 3, 2023 City Council Worksession, the City Council heard a brief overview of the final wetland delineation study and then heard presentations from five developers offering a variety of housing products and layouts in the Ardan and Greenfield Park redevelopment areas. The City Council provided staff direction to continue the discussion by setting up a meeting to define the housing product type desired at those locations and to choose a developer or combination of developers to move forward in the process. Discussion: The EDA to review and discuss the housing needs and desires based on the adopted 2023-26 Strategic Plan and on -going discussions. The two main objectives for this meeting is to define the housing type and choose which developer(s) to bring back for a more detailed discussion before taking any formal actions to proceed with the development. The EDA to provide feedback on which development or combination of developments they would like to see. Should the EDA wish to continue discussions with one or more developers, the EDA should authorize staff to coordinate with the developer(s) to further discuss in detail those developments with the chosen developer(s). In order to assist in making these decisions, staff has contacted each of the developers that presented on January 3, 2023 and asked them the same set of questions then formulated a comparison chart. (The developer responses and comparison chart is attached) Please bring your City Council Worksession agenda packet from January 3, 2023 with developer concept plans and proposals if needed to help you make a decision. In addition, the EDA should have a general discussion on the wetland if we should continue as planned with the proposed developments or if we should look at other uses. Strategic Plan Strategy/Goal: ■ Create and maintain a positive business climate where businesses want to locate and remain in Mounds View through a good BR&E program and redevelopment efforts. Maximize utilization of development space and current list of available sites. Support the development of a variety of housing stock that includes affordable and market rate and the maintenance of properties. Consider more townhomes and affordable apartments and other housing options. ■ Increase the EDA levy to have funds available for redevelopment projects. Identify and set aside strategic lots within the City like Ardan Park redevelopment area. Ensure townhomes are integrated into the neighborhood with proper style and landscaping. Financial Impact: Project is developer lead. Actual costs and revenues depend on product type, number of units, total project cost, etc. The Mounds View Vision A Thriving Desirable Community