Laserfiche WebLink
portions of the land in the COR could be listed with one or more brokers, and the HRA would retain key parcels. <br />Please see the attached map of the different COR subdistrict areas. <br />3) Requests for Proposals: Under this strategy the City would solicit requests for proposals for all, or a large piece <br />of the COR, to go to sale to a developer. The City would judge the strength of the proposal based upon the <br />developer's track record, reputation, financial wherewithal, and fit with the community. This has the advantage of <br />shifting much of the development activity, and the development risk/reward to a private entity. Depending on the <br />structure of the land take -down, much of the land could go immediately back to the tax roll. <br />Recommendation: <br />Staff would recommend continuing "as is" for the near term until new staffing takes effect, and the Armstrong <br />intersection project direction is determined. It is recommended that the HRA go through a process with the new <br />staff of identifying a large piece (or pieces) of property that can be listed with a broker and/or solicited for <br />proposals by year-end. <br />Funding Source: <br />Not applicable. <br />Action: <br />Direct staff to pursue the staff recommended strategy or another strategy based upon discussion. <br />Exit Strategy COR <br />COR Subdistrict <br />COR TIF <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 04/18/2013 07:20 PM <br />Form Started By: Jo Thieling Started On: 04/17/2013 05:28 PM <br />Final Approval Date: 04/18/2013 <br />