RES 80-041 RESOLUTION REGARDING REDEVELOPMENT/REVITALIZATION EFFORTS

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• RESOLUTION 80-041 A RESOLUTION REGARDING REDEVELOPMENT/REVITALIZATION EFFORTS Whereas, the City Council has completed a comprehensive study of its resources and goals. Whereas, the City Council has -been considering revitalization or redevelopment of various parcels of land in the City. Whereas , the City Council has interviewed consultants to assist in possible revitalization/redevelopment activities. Now, Therefore, Be It Resolved that Planning Consulting firms be directed to serve as consultants to the Council and to undertake - the following activities , subject to the negotiation of an acceptable fee: (1) A marketing/economic feasibility analysis of that triangular shaped residential and commercial area which is bounded by Kenzie Terrace, Lowry Avenue N.E. , and State Highway 88, as to whether continued commercial land use is • feasible and most appropriate or whether another land use may be more appropriate. (2) An economic analysis. as to whether such tools as Industrial Development Revenue Bonds , Tax Increment- Financing or federal. loans and aids may be feasible to promote re- vitalization or redevelopment and its necessary -magnitude in terms of density, height, scope and other such „con.. siderations. (3) A proposed statement of community goals and objectives for the site'(ts) reflective of good. planning, economic feasibility, greatest and best land use, and environmental considerations. (4) An analysis of soil conditions, access , public utilities and improvements, and other considerations affecting revitalization and .redevelopment of the site (s) . (5) A recommendation- as to the staging of potential revitaliza- tion/redevelopment activities based upon the aforeto- mentioned analysis. (6). A proposed "Request for' 'Proposals to Undertake Revitaliza- tion/Redevelopment Activities" based upon the aforeto- mentioned analysis .