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4. EDA BUSINESS 4.01: Statement of Goals: 167th Avenue and Highway 47 Node Assistant to the City Administrator Brama presented a draft Statement of Goals for the 167/47 node and stated the purpose of the Statement of Goals is intended to guide City participation in the redevelopment of the 167/47 node and identify a common goal, common vision, and working parameters. He pointed out that all final decisions related to this node are subject to City Council approval. He stated the Goal is to improve and/or remove blighted properties and encourage sustainable market - driven redevelopment of the 167/47 node that will benefit the entire City. He presented a map of the 167/47 node delineating the primary and secondary areas of concern and requested input regarding the wording of the Goal, explaining that if the goal of City involvement is to remove blighted properties, the Goal specifically states that these blighted properties need to be addressed with the redevelopment of this node. He recited the Vision statement in the draft Statement of Goals and noted the document references market driven development with a mixture of residential and retail uses. He advised the Parameters state the City does not support purchasing property to redevelop the 167/47 node and the City supports facilitating an ownership group meeting to achieve a consistent, collaborative approach with a single voice among all property owners. He stated the EDA previously expressed an interest in the idea of sponsoring a professional marketing package with the idea that the EDA will manage and facilitate any marketing efforts at a high level. He advised that professional marketing material could be developed in partnership with the City and marketed by a third party broker or, alternatively, professional marketing material could be developed and marketed internally by the City. He stated the Parameters also state that the City would support a Comprehensive Plan and Zoning Amendment to allow retail or residential land uses and the City does not support a Comprehensive Plan and Zoning Amendment to allow warehouse or light manufacturing land uses. He stated the Parameters include a list of financial tools available and requested input regarding the statement that the EDA will not consider City financial assistance for proposals that do not address the existing blighted properties in this node. He advised that the Parameters also state the City would be willing to consider utilizing Sewer Fund dollars to construct a trunk sewer line to serve this node, adding that without the trunk sewer line it would be challenging to get interest from developers to invest in this area. Member Skaff questioned whether a church might be an appropriate use for this property. Member LeTourneau stated the City might not want to actively pursue a church in this particular area if the goal is to improve the City's tax base. City Administrator Ulrich stated the goals do not specifically address the City's tax base and the City will have to decide whether the main discussion is about building the tax base or cleaning up this node as well as whether to allow any tax exempt use in this area, e.g., a church or school. Mr. Brama pointed out that a lot of the economic development tools available ask specific questions about tax base and jobs creation so it would be challenging to use those economic development tools if the property was tax exempt. Economic Development Authority /July 18, 2013 Page 2 of 7