RES 80-044 RESOLUTION AUTHORIZING THE SUBMISSION OF AN APPLICATION FOR HUD 701 GRANT FUNDS

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I RESOLUTION 80-044 A RESOLUTION AUTHORIZING THE SUBMISSION OF AN APPLICATION FOR HUD 701 GRANT FUNDS WHEREAS, the City. Council. has completed a ,comprehens=ive .study of..-:the resources and ;goals .of _theCity ;pursuant: to the „requ`irement sof: the Metro- politan Land Planning Act of 1976; and WHEREAS., pursuant to objectives. of the Comprehensive Plan, the City Council has been considering. revitalization or redevelopment of. various. parcels of land in the City; and WHEREAS, the City Council hasinterviewed consultants to assist in possible- revitalization/redevelopment _activities; and WHEREAS , the City Council has resolved that planning 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 (s) 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 revitali- zation/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 .