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Major Planning COR Planning Efforts <br /> COR Re-Visioning COR System Plans COR Pro-Forma <br /> PURPOSE PURPOSE PURPOSE <br /> Update/amend the vision for The COR. The City purchased The COR with two 1. Update COR pro-forma based on <br /> goals in mind (a) recover previous public updated vision and system plans. <br /> 1. Update COR Master Plan investments,and (b)ensure the vision of COR pro-forma will display the <br /> (map that shows vision, how the The COR is implemented. city's financial performance <br /> COR will look, how buildings will be forecast/project cash-flow over <br /> oriented,where infrastructure As a result,the City of Ramsey has taken time(expenditures/obligations <br /> should be located, etc.) the role of master developer for The versus revenues/available <br /> COR. With the role,various assumed funding). <br /> 2. Update zoning district map responsibilities are assigned to the City. <br /> (underlying land use regulations Developers, businesses,and residents 2. Update COR TIF plan/TIF analysis <br /> that will ensure the master plan expect the city to have concept plans/ previously completed by Ehlers. <br /> will be implemented at the time policies in place for the following items: This plan plays a major role in the <br /> individual projects come forward "funding"side of the COR pro- <br /> for review by the City) 1. Storm water plan (regional) forma. Because actual TIF <br /> 2. Road plan (public roads) revenues are based on actual <br /> 3. Direction on outstanding major 3. Sign plan (development signs,way completed projects, it would be <br /> policy items: finding sigs,etc.) helpful to update periodically. <br /> 4. Park&Trails plans NOTE:TIF can only be used for <br /> -Is vertically mixed use 5. Community Center plan/policy projects completed before 2021. <br /> development a requirement? 6. Parking Ramp(s) plan/policy <br /> -appropriate size and location of 7. Cut/fill basic plan 3. Update COR land proceeds policy. <br /> retail uses? Staff would like to (a)clearly <br /> -Is there flexibility in location of There are many benefits to having this identify what previous <br /> zoning district borders? preliminary information ready—please expenditures the City wishes to <br /> -Define basic vision and policy for see system plan dashboard for details. repay itself, (b)consider using land <br /> community center. These plans are intended to be proceeds only for non TIF eligible <br /> -Define basic vision and policy for preliminary/concept level only—for the costs,and (c) update the City's <br /> parking ramps. sake of planning and budgeting. land sale proceeds forecasts. <br /> RESPONSIBLE BOARD RESPONSIBLE BOARD RESPONSIBLE BOARD <br /> Planning Commission will draft a Likely,all boards will be involved with EDA will draft a recommendation for <br /> recommendation for Council this process. However,for the sake of Council consideration. <br /> consideration. efficiencies,the EDA will lead this effort. <br /> Findings will be presented to the TIMING <br /> TIMING Planning Commission and City Council. I� Upon completion of COR re-vision and <br /> Anticipated to have draft completed by COR system plans,staff will complete <br /> April 2017. Once a draft is completed, it TIMING this work(i.e. begin late 2017). This <br /> should be checked against COR System Upon completion of 15t draft of COR re- work will take 1-2 months. Once draft is <br /> Plans and COR Pro-Forma. May need to vision,staff would like to order this work completed, it should be checked against <br /> be adjusted. for completion (i.e. begin May 2017). COR Master Plan and COR system plans. <br /> This work will take 6-9 months. Once May need to be adjusted <br /> draft is completed,it should be checked <br /> against COR Master Plan and COR Pro- <br /> Forma. May need to be adjusted. I [ <br /> Page 1 of 1 <br />