2005.07.18 EDA Packet - Laserfiche WebLink

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BACKGROUND MEMO FOR EDA MEETING OF JULY 18, 2005 3. JUNE 20, 2005 EDA MEETING MINUTES City staff recommends the board approve the minutes for the June 20, 2005 meeting as presented. 4. PRESENTATION FROM RYLAND GROUP INC. ON THE DOWNTOWN REDEVELOPMENT PLAN The Ryland Group Inc. is interested in working with the city to redevelop the Hugo downtown area. The Ryland Group would like to redevelop the downtown into a pedestrian friendly town center with would include a mix of office space, retail and residential uses. Ryland intends to adhere to the city's recently completed downtown plan and the proposed design guidelines for the district. Chris Enger of Ryland Homes will give a presentation to the EDA on their development proposal. City staff seeks direction from the EDA about whether to proceed with Ryland Group as the master developer for the downtown for downtown Hugo. 5. PRESENTATION FROM SCOTT MONTGOMERY ON THE END ZONE PROPERTY REDEVELOPMENT PLAN Scott Montgomery of Kelmont would like to redevelop a series of parcels fronting the east side of Hwy 61 south of 140`h St N into a mix of office space and residential uses. The proposed location currently contains single family homes on large lots and the former End Zone Bar and motel property which has been abandoned and left in a state of disrepair. He already owns some of the parcels at the location and is in negotiation to obtain the remaining parcels including the "End Zone"property. Scott Montgomery will give a presentation to the EDA on their redevelopment plan for the site. 6. UPDATE ON JULY 12,2005 MEETING OF THE TIF SUBCOMMITTEE At its last meeting the EDA directed the TIF subcommittee, consisting of Mike Granger, Nick Skarich, and Theresa Carpentier, to establish preliminary Tax Increment Financing (TIF) boundaries for the downtown redevelopment district and create a plan for the establishment of the district. City staff, Mikaela Huot of Springsted, and the subcommittee met on July 12, 2005. Theresa Carpentier was unable to attend. The subcommittee identified the parcels that should be included in the TIF district. The subcommittee also discussed the subsequent procedure for conducting blight examination and substandard tests to determine if the district would qualify under state law for the establishment of a TIF district. City Staff and subcommittee members will provide a summary of the meeting to the EDA on the proposed boundaries and discuss the next steps.