Agenda - Economic Development Authority - 07/18/2013

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Economic Development Authority (EDA) 4. 1. Meeting Date: 07/18/2013 Submitted For: Patrick Brama By: Patrick Brama, Administrative Services Title: Statement of Goals: 167th Avenue and Highway 47 Node Background: Background: The retail node located at 167th Avenue and St. Francis Boulevard (Trunk Highway 47) has been a topic of discussion with City Councils and EDA boards for the past ten (10) years. This node has struggled to become economically viable for some time, is experiencing high vacancy rates and a decaying building stock. Historically, the City has conducted a number of studies and conceptual master plans for this area; and at one point considered funding a second master planning effort. Beginning in the summer of 2012, the 167/47 retail node resurfaced as a priority discussion topic. Over the past year, Staff has received a number of inquiries; including proposed new uses, inquiries for City assistance, expression of frustration from property/business owners, inquiries to approve a Comprehensive Plan and Zoning Amendment for the parcels, inquires for the City to purchase parcels, etc. As a result, the EDA has reviewed a number of cases regarding this manner. At the July 11 EDA meeting, it was requested to have further discussion regarding the EDA's policy/plan/vision for the 167/47 retail node before responding to prospects and before conducting a marketing plan. Purpose of Case: Establish formal "Statement of Goals" (i.e. plan/vision) for the 167/47 retail node. NOTE: upon EDA approval, this document will be reviewed by the Planning Commission and City Council. Observations: Per EDA direction, Staff was asked to develop a proposal outlining the City's position for the 167/47 retail node. Attached to this case is draft document for EDA review. Staff would specifically request the EDA discuss (or confirm) areas highlighted in yellow. Funding Source: NA Staff Recommendation: (1) Staff would ask the EDA to have a general discussion of the proposed "Statement of Goals." (2) With proper amendments, Staff would ask the EDA for permission to present the proposed document to the Planning Commission and City Council for final approval. (3) Staff would specifically request the EDA discuss (or confirm) areas in the "Statement of Goals" highlighted in yellow. (4) Staff would ask the EDA recommend to the Planning Commission consideration of a public input process to allow surrounding neighborhoods an opportunity for input regarding this manner. NOTE: this could be a survey,