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Member Hardin stated that the interactive piece is a good feature to have. <br /> Motion by Member Hardin, seconded by Chairperson Steffen, to approve marketing contract <br /> with WSB for Option B and COR Mapping Update for a cost not to exceed $6,500. <br /> Motion carried. Voting Yes: Chairperson Steffen, Members Hardin, Burandt, Kanaventi, and <br /> LeTourneau. Voting No: None. Absent: Members Lambrecht and Riley. <br /> 5. MEMBER/STAFF UPDATE <br /> 5.01: Receive Update on Concept Plan for Hotel/Multifamily Development in The COR; <br /> Case of Allied Development <br /> Economic Development Manager Sullivan stated that a proposed development concept was <br /> included in the Board packet. The concept includes a hotel with retail on the first floor on the <br /> site owned by PSD. He stated that the second phase would include housing along Center Street. <br /> He stated that staff believes that this type of development in the area would be beneficial. <br /> Chairperson Steffen noted that this project would be in the right spot and encouraged staff to <br /> continue to explore this project. <br /> Member Hardin asked if there would be underground parking for the hotel. <br /> Economic Development Manager Sullivan noted that this is very preliminary in nature and there <br /> is not underground parking proposed at this time. He stated that surface parking with the <br /> potential structured parking ramp would be possible. <br /> Chairperson Steffen stated that there are unique features with retail on the first floor and a hotel <br /> above, with housing to come connected to that product. He expressed support for the project. <br /> Member Burandt stated that he would also be supportive of hearing more about this project and <br /> moving forward. <br /> Economic Development Manager Sullivan noted that he communicate on the support of the EDA <br /> to the developer. <br /> Member LeTourneau stated that perhaps a comment should be made about parking. He noted <br /> that initially surface parking is considered but would like to see structured parking as an element <br /> not only for this use but as a shared use as the community continues to build out. <br /> Chairperson Steffen noted that it would depend whether the structured parking would be an <br /> amenity for the hotel or the City. He noted that if the benefit is to the City, then the City would <br /> consider sharing in the cost if the structure. He stated that the sketch does show structured <br /> parking and asked if that was brought forward by the developer or suggested by staff. <br /> Economic Development Authority/December 6, 2018 <br /> Page 6 of 7 <br />