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Commissioner Ramsey stated he was not suggesting retail for the corner but, perhaps, something <br />like Glendale, a high -end senior community. <br />Development Manager Lazan stated there had been interest in townhomes for this area so it was <br />left in Version 6.0 but there was also interest in an apartment for a portion of this corner site. <br />Commissioner Wise noted townhomes is only a holding place and if something else comes in it <br />will be entertained. <br />Commissioner Ramsey indicated he sees no problems with Version 6.0. <br />City Engineer Himmer advised that the two wetland pieces will be considered for sequencing <br />analysis by the LRRWMO in June. <br />Commissioner Strommen stated she does not see a problem with LRRWMO consideration of the <br />wetland pieces. <br />Senior Planner Gladhill stated staff will prepare a memorandum on the new development plan <br />that explains in detail what the changes mean to other adopted plans. <br />6. EXECUTIVE DIRECTOR'S REPORT <br />HRA Executive Director Ulrich reported the June 12, 2012, agenda will include presentation of <br />the dashboard, consideration of exit strategy, development plan Version 6.0, funding for <br />Armstrong improvements, and update on International Conference on Shopping Centers (ICSC). <br />Development Manager Lazan presented updated COR marketing materials. He also reported <br />that PSD executed the Master Declaration, a binding agreement and staff was moving forward to <br />schedule meetings with the townhome owners association and master association to get vote on <br />the second amendment. <br />Commissioner Ramsey asked what the process had cost. <br />Development Manager Lazan stated it was a two-year process with considerable legal fees, <br />estimating in excess of $100,000. He noted the County is currently subject to the Master <br />Declaration and asked for thoughts whether the Management Team should reach out to the <br />County. <br />Prior to discussing exit strategies, Commissioner Ramsey requested staff provide a summary and <br />chronology of events since the beginning <br />7. COMMISSIONER INPUT <br />None. <br />8. ADJOURNMENT <br />Housing and Redevelopment Authority / June 5, 2012 <br />Page 9 of 10 <br />