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Development Criteria <br />• Suggested development criteria of desired elements for the <br />redevelopment of the City owned property. A development <br />project that meets the criteria is eligible to purchase the <br />property for $1.00, subject to City approval. <br />1. A full service restaurant or some form of event center or family <br />entertainment venue, situated so that the customers and public <br />will benefit from views over the lake. Secondary retail, service <br />and housing uses may be considered. <br />2. A development and phasing plan is required with all <br />development complete within 3 years. <br />3. Quality architecture, building materials, and site design, <br />exceeding requirements of the Downtown Design Guidelines. <br />4. Construction of public amenities, including pedestrian <br />connections, a gathering place near Egg Lake, and public <br />parking. <br />