Agenda - Economic Development Authority - 12/14/2017

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Acting Chairperson Skaff stated that this seems to make sense and the details will come forward the following month. Member Riley agreed that this seems to make sense, as this would simply be the other side of the parcel. 4.03: Public Infrastructure Feasibility Study for The COR Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. Kevin Kielb displayed the Center Street area analysis, noting that this not only looks at the individual parcels but at the area as a whole. He explained that The COR has been developed from the outside in, and therefore the study will provide staff with something they can use to talk with developers about. He stated that this would give the City a level of confidence that they will not be selling themselves short when the parcels are developed. He stated that developers would see this as a benefit as there will not be surprises with the road costs and development expectations. He appreciated the cooperation of staff, noting that staff had to pull together all the record drawings and as-builts in order for this company to use those elements in the study. He hoped to have a report done for the Center Street portion by the end of the month and the remaining portion of The COR by the end of the year. Member Riley stated that someone originally planned where elements are already and asked how things already built interacts with this study and specifically whether this should be the last time the City has to plan things. Mr. Kielb replied that this should be the last time this planning needs to occur. He explained that this portion of the planning would in essence be the third dimension of the plan that looks at road interaction and drainage. He explained that development has been pieced together and slowed down during the recession, but now that development is increasing again, this should be the last look to ensure that everything fits together. Economic Dev. Mgr./Assistant City Administrator Brama stated that the Master Plan for The COR has evolved over time, noting that everything needs to be up to date and up to speed before the last phase of infrastructure for The COR is implemented. He noted that there are many inconsistencies. Member Riley asked the scope of the study. Economic Dev. Mgr./Assistant City Administrator Brama confirmed that this study would include public infrastructure elements including roads, sidewalks, and drainage. Member Hardin stated that he was glad to see that the cost estimates were included and hoped those elements would be as accurate as possible. Economic Development Authority/November 9, 2017 Page 3 of 8