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Consensus of the HRA was to move recommendation #1, which reads: Close out Phase 1. <br />Schedule formal Council approval of land use/massing plan and reaffirming the community <br />vision components of mixed use, transit oriented, and a high level of project amenities. <br />Sustainability components should be considered as part of project amenities. <br />Consensus of the HRA was to move recommendation #2, which reads: Complete branding and <br />positioning study in November 2009. <br />Recommendation #3 reads: In the next 60 days, the RTC Steering Committee will review <br />current market data and absorption rates and establish a phasing plan and timeline for <br />completion. Commissioner Jeffrey stated this is on our radar. We will continue to work on it. <br />City Administrator Ulrich stated that another important component is to establish reality of how <br />the market will take this property and develop it. <br />Commissioner Jeffrey continued with recommendation #4. It is staff's recommendation on how <br />we will move forward. <br />Mr. Lano stated we are trying to bring the best recommendations to the Council. <br />Chairperson Dehen suggested we want to give the Steering Committee the tools they need. <br />Commissioner Elvig felt that is some of the decisions we made with the branding. <br />Commissioner Jeffrey stated that staff can direct the consultant. He felt that the Steering <br />Committee'is telling the Council to go forward on this. <br />Commissioner Ramsey stated that the development corporation is going to be necessary at some <br />point in this game. <br />Commissioner Jeffrey stated that the Steering Committee is recommending the Council consider <br />Recommendation #4, which reads: Consider the use of a development corporation for Ramsey <br />Town Center. The corporation would be charged with developing a project pro forma and <br />establishing initial land prices based upon the City's cost of the land and the cost of anticipated <br />project amenities. In the next 60 days, the Steering Committee will review the purpose structure <br />and scope of the Development Corporation. <br />Commissioner Jeffrey stated that #5 talks about what is the role of the Steering Committee going <br />forward. We will need further direction. Recommendation #5 reads: Upon creation of a <br />development corporation, the Council shall decide the ongoing role, if any, of the RTC Steering <br />Committee. <br />Chairperson Dehen inquired if the Steering Committee can be a confidential body to which City <br />Attorney Goodrich replied no. <br />Housing and Redevelopment Authority /October 6, 2009 <br />Page 4 of 14 <br />