Agenda - Economic Development Authority - 10/12/2017

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tğƩƉ ğƓķ wĻĭƩĻğƷźƚƓ /ƚƒƒźƭƭźƚƓ aźƓǒƷĻƭ ķğƷĻķ WǒƓĻ БͲ ЋЉЊА 5.02: Review Update on The COR Interim Development Plan Parks & Assistant Public Works Superintendent Riverblood reviewed the Commission is requested to review a preliminary draft of The COR Interim Development Plan, which essentially puts into motion a more formal amendment to the master plan. Details of the recommendations prepared by the Planning Commission were provided for Commission review. Mr. Riverblood noted direction from the April 25, 2017 Joint Work Session was to review this draft with advisory boards and commissions. The draft was reviewed by the Economic Development Authority on May 25, 2017. The Park and Recreation Commission and Environmental Policy Board will review the draft at their June 2017 meetings. Staff will be seeking authorization for public comment on the draft in July 2017. There were some revisions to the plan in 2011. At one point there appeared to be conflicting goals for The COR development planone being to sell the land, and get the city out . A market panel was held which brought a lot of clarity to questions of market forces and the potentiality for big box retail etc. This evening is the second opportunity for the Park and Recreation Commission to weigh in. Mr. Riverblood reviewed the Interim Development Plan. The porch element is something that will be held fast. The apartments are necessary to provide business to attractthe restaurants and other businesses in the community. Commissioner Leistico returned to the meeting at 7:04 p.m. Mr. Riverblood showed the Commission The COR Development Concept indicating the various sections of the plan. The Planning Commission has recommended higher density for the residential area. There has been a shift in focus for large retailers to smaller retail businesses. The other major policy change would be regarding the office areas, where the office area would be retained until fully developed by office businesses. Commissioner Sis asked for the location of Bunker Lake and Mr. Riverblood indicated it on a map. Mr. Riverblood indicated the Greenway area on a map. Mr. Riverblood reviewed the revisioning steps. The budget will be used to hire multiple consultants to assist in road planning, grading, stormwater, and sign plan. The retailers will help pay for some of the signage. Even during the recession, to developing The COR. Mr. Riverblood drew for the Commission the parking lot plan with future expansion to a parking ramp.