Agenda - Council - 11/25/2003 - Laserfiche WebLink

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The businesses must be repositioned and marketed to appeal to a larger number of trade area residents, particularly those with higher incomes. This will necessitate redesign of the commercial area and therefore a master plan should be completed to determine how to redevelop the area. A master plan for the area should be prepared to determine how the area can accommodate future development potential. A firm should be engaged to prepare concept plans showing how the proposed retail and service uses could be accommodated in the commercial node. The study should include some fiscal analysis and provide different financing options to accomplish higher quality development in the area. The EDA reviewed the Retail Market Analysis study at their July meeting. The EDA felt it was important to follow Jim McComb's recommendation to prepare a master plan for the area. They directed staff to engage the services of a consultant to develop a master plan for the Rum River Commercial area and appropriated EDA monies to fund the study. Staff contacted the Hoisington and Koegler Group (HKGi) to gain insight into the best approach in hiring the appropriate consulting firm to complete the study. During such discussion, it became apparent that HKGi had the qualifications and expertise to complete the study. Included with this case is a copy of their proposal to prepare a Rum River Commercial Area Master Plan. HKGi is proposing to work closely with staff and the property owners to prepare concept plans for the subject area. Their proposal also includes assessing the financial feasibility of the chosen master concept. Due to their close working relationship with the City during the writing of the Comprehensive Plan and rewrite of Chapter 9, HKGi already has extensive knowledge of the City and is up to date on Ramsey's current issues and challenges that may affect the subject commercial node. The Following items are enclosed for your review: 1. Summary and Findings from the McComb Study 2. Study proposal by HKGi Recommendation: Staff is recommending that the City Council authorize $37,500 to be allocated from the EDA Budget, line item Misc. Professional Services, to begin working with HKGi to complete a master plan for the Rum River Commercial Area. Council Action: Motion to enter into a contract with HKGi to complete a master plan for the Rum River Commercial node generally located at the intersection of Highway #47 and 167th Avenue. Reviewed by: City Administrator Community Development Director Assistant Community Development Director CC: 11.25.03