Agenda - Economic Development Authority - 12/14/2017

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Economic Development Authority (EDA) Meeting Date: 12/14/2017 Submitted For: Patrick Brama, Administrative Services By: Patrick Brama, Administrative Services 4. 1. Title: Rum River Hills Development Proposal Purpose/Background: PURPOSE General/ initial feedback on the proposal (identify any red flags, major concerns, major questions, etc.)? Purpose of this case is not to formally decide anything/ approve anything. This is a concept/ preliminary proposal. The Council will use EDA feedback, when they consider this case in January. At the January Council meeting, they will give very preliminary direction to Rum River Hills, on how to move forward, through the City's various processes/ boards (what will be the required review process/ steps). Also, the Council will give preliminary feedback/ comments/ raise any red flags. BACKGROUND Rum River Hills is interested in a multi -party, multi -parcel, redevelopment project for their golf course. The project would require moving two of their golf holes from the east side of Highway 47 to the west side of Highway 47, onto city -owned land. The project would include a new pedestrian underpass, under Highway 47, to allow golfers access the two new golf holes. This project would require the extension of a city trunk sewer line to the area. This area is already served by a trunk city water line. As proposed by RRH, this project would create 165 new housing units (mix of housing types). RRH believes this project will not only help revitalize their golf course, but will help revitalize the 167th/ Highway 47 Node. **Attached is background information and context maps COMPARING NEW REQUEST TO ORIGINAL REQUEST Below is a quick overview, comparing the original 2013/2014 RRH's request to the current request. The City rejected the 2013/2014 request, as it was too much to consider at the time (city contribution). Original Request New Request Quick Silver St ($680K, 2016) City pay 100% Hwy 47 Ped Underpass ($550K, 2016) City pay 100% City Owned Land J City provide for free City pay 50% City pay 100% RRH negotiate a fair market value purchase agreement Line not shown in Extension of Sewe Ramsey's Trunk Sewer Plan (not trunk fund eligible) Line is shown in Ramsey's Trunk Sewer Plan (trunk fund eligible) Zoning Amendment Will require a zoning and comp. plan amendment. Will require a zoning and comp. plan amendment.