Agenda - Economic Development Authority - 10/13/2011

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From the public design process, Stantec, is proposed to develop a Master Plan to illustrate a potential site plan for the area. This could include a series of options to consider. This step will be utilized to check back to the proposed Future Land Use Map to identify any potential adjustments that may be necessary. The final stage of the process is to officially implement the future land use goals through a Comprehensive Plan Amendment (CPA) through the Metropolitan Council. Staff recommends a mixed -use designation that specifies a range of household, population, and employment forecasts rather than individual land uses within to provide the City with the greatest flexibility to respond to individual site planning needs. This would allow the City to adjust individual land uses within the mixed -use area without the need for another CPA. This stage is proposed to be completed by City Staff. Funding Source: It is anticipated that the Master Plan process will be funded through a combination of the General Fund and the EDA Fund. Staff recommends that the updated Market Study be funded partially through the EDA Fund and that the public forums and master plan concepts be funded through the City's General Fund. The City is continuing to explore other funding sources for planning and implementation, especially funding available through the Metropolitan Council's Livable Communities Act (LCA). Staff Recommendation: Staff recommends approval of the Master Plan Work Plan. EDA Action: Motion to recommend that the City Council approve the proposed work plan. Master Plan Proposal Master Plan Flow Chart Attachments Form Review Inbox Reviewed By Date Heidi Nelson Heidi Nelson 10/04/2011 04:41 PM Aaron Backman Aaron Backman 10/04/2011 04:58 PM Aaron Backman Aaron Backman 10/04/2011 05:00 PM Form Started By: Tim Gladhill Started On: 09/19/2011 02:04 PM Final Approval Date: 10/04/2011