Agenda - Council - 05/14/2013 - Laserfiche WebLink

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Section IV. What specific outcomes will be delivered to the region as a result of activities directly associated with the proposed TOD Proiect, cont. 7. Will the TOD Project Area be visible from the station area or ❑ No 0 Yes platform? 8. Is the TOD Project area ❑ No If yes, name of plan: within the boundaries of 0 Yes The COR Development Plan & Development Framework or subject to a TOD area, neighborhood, Type of plan: corridor or other similar Master Plan and Design Guidelines plan adopted by the municipality in which Is this TOD Project consistent with the plan? ❑ No 4 Yes the TOD Project is If no, explain: located? 9. Status of site control Full site control achieved Other: Status of property ownership? City owned What is the expected closing date? (month/year) 10. Status of the site plan City approval pending Explain Conceptual plans approved. 11. Describe the TOD Project's ability to be catalytic in attracting private sector investment. Center Street is a critical component to facilitate private development of retail, employment, civic, entertainment, and housing. Center Street will make development pad -ready by providing public access via the internal roadway system. Planned roadways are not fully constructed, which creates gaps in the pedestrian ciruclation system. The lack of necessary infrastructure has proven to be a barrier to successful private development. The City is in negotiations with a potential not for profit entity to construct a community facility along this connection. The project will not be possible without assistance from the City to construct Center Street. Center Street also continues to frame Village Square Commons, an urban public park planned in the center of the development which will attract further private development and provide necessary shared recreational community space for the TOD Area.