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Mr. Pankratz stated he has talked with staff about looking at some of the design standards and processes. Commissioner Riley stated no one has challenged that the zoning change that has been advanced is for all of the COR-1 area and dos not pertain to just one developer or lot. He noted that CBRE had said it and the staff memo indicated that CBRE believes the market does not support a ramp. Earlier in presentation, concern was mentioned about a perception being created but he found the perception is that the HRA is willing to react to the market. If no ramp is justified and the HRA wants to make it easier for more developers to come in, the HRA will have to make the needed change. Commissioner Riley asked Mr. Kuker if the rezoning timeline will meet their approval. Mr. Kuker stated he believes so if all goes like clockwork and is not continually delayed. He stated the parking ramp/no ramp issue related to the shape of this lot that has corners with wasted space. He believed the lack of FAR is particularly glaring on this site because of the lot configuration. Mr. Kuker stated his partner wants the units on line no later than April 1, 2016. Deputy Executive Director Gladhill stated if the schedule for the ordinance amendment follows, it would be adopted on November 11, 2014, and the effective date would be about December 11, 2014, after the required 30-day publication period. That gets the zoning ordinance enacted by the end of the year. Deputy Executive Director Gladhill explained that once staff receives a full set of plans, the project can advance into site plan and plat review. Mr. Kuker noted it costs $150,000 to $200,000 for working plans so they don't want to make that expense of a project that does not happen. Commissioner Strommen stated it is important to reiterate that both the HRA and Council have been supportive of this project for Ramsey and The COR. Rather, it is an issue of process. She stated she appreciates the developer's timeline and Deputy Executive Director Gladhill's explanation of the timeline for the rezoning process. She stated her priority is that the City's role is protected. Mr. Kuker stated he thinks the City is responding to the market, whether it is his deal or McDonalds, because things change. Commissioner Riley asked whether an action is needed because the amended action from the last meeting still stands. Commissioner Strommen supported reaffirming the action from the last meeting. Commissioner Kuzma noted the last set of minutes had been amended to affirm that action. Asst. City Administrator/Economic Development Manager Brama stated his understanding the HRA's direction is to allow staff to renegotiate a Purchase Agreement with PSD, LLC and have proper zoning in place before that Purchase Agreement is brought before the HRA for consideration rather than what was proposed tonight. It was indicated that staff will negotiate a Housing and Redevelopment Authority / October 14, 2014 Page 6 of 8