Agenda - Economic Development Authority - 07/22/2002

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JUL. ii.2002 9:54AM CITY OF AMOKA COMMUMITY DEV MO.76B Redevelopment Mission S~atement To recover the highest and be~t use f~r under-used and under-valued proper~es thmugh public ac~n. 1999 2000 i In March, a neighborhood met'ting was held to discuss the flood plain redevelopmentproj oct with neighborhood residents. In March~ the City Council directed staffto form the "Downtown Flood Plain Committee" to prepare final' plans for development of the~area. The committee consisted of two Councilmembers, one member from the Planning Commission, Hou~ng and Redevelopment Authority, Park Board, and Economic Development Commission. In April, the first meeting of' the Downtown Flood Plain Commirme 0DFPC)was held and focused on discussing the public issues r~lated to redevelopment of the flood plain. In June, the City Council approved purchase of 1603 Is~ Avenue and 1701 2ns Avenue. A/so in June, the DFPC recommended goals and project boundaries for the development to the HRA and Council. Soil borings began in the area to idenlify soil tTpes and environmental condition. · Staff created and distributed over 60 copies of the "Request for Information" for development concepts. Rottlund Homes was the only developer to respond. - · Irt November, demolitions were completed at 1728 River Avenue;' I603 1st Avenue, and 1701 2r~ Avenue, in preparation of the flood plzirt development, In June, the City purchased the Rum River Lumber Company property bet.ween Golf and Van Buren Slreets. for $619,000. The property is a key piece of the future redevelopment oft.he Notch Centml. Busirmss District. In March, the City Council ~ipproved a letter of ~tent with the Rottlund Company that will result in the construction of approxS.mately 56 townhorn~s in the Anoka flood plain area. PAGE 23 OF 38 13