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~ '!..>, .' ~ . .: . i' RESOLUTION NO. 90---1l.6..6..- STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON REDEVELOPMENT PLAN FOR DOWNTOWN AREA. WHEREAS, on February 13, 1990, the New Brighton City Council selected the consortium of Larry Laukka, Peter Jarvis, Realty Management Services and Roger Conhaim as master developer to study the feasibility and structure of a downtown redevelopment project. This consortium was selected because of their demonstrated ability to develop neighborhood plans for economically feasible '! projects; and ., WHEREAS, on February 22, 1990, the development team met with downtown businesses, property owners and residents to review their proposed planning process, answer questions, and survey downtown area businesses on market conditions; and WHEREAS, on June 6, 1990, the development team presented their findings and recommendations to the Economic Development Commission. The team's recommendations were Parcel A (the area between the railroad tracks and 5th , Avenue) be developed with 250-300 moderately priced attached for-sale housing units; Parcel B (the area north of Veteran's Park) would be reconfigured to include a portion of Veteran's Park and be the site for the community center which would include some convenience retail space; and Parcel C (the Harstad property) be the site for community center parking and development of the rest of the parcel be preserved for future commercial opportunities such as an extended stay hotel facility or single tenant office development; and WHEREAS, the Economic Development Commission desired input from the downtown area business and property owners before making a recommendation on i the Laukka proposal to the City Council; and WHEREAS, On June 28, 1990, Larry Laukka presented the development team's findings and recommendations to the downtown businesses, property owners and residents; and WHEREAS, many of the downtown property owners and businesses requested the Economic Development Commission and City Council to make a decision on the future of the downtown area to end the uncertainty for them; and WHEREAS, at its July 5, 1990, meeting the Economic Development Commission made the following conclusions and recommendation: 1. The City should pursue redevelopment of Parcel A (SW quadrant of 10th Street and 5th Avenue) with housing as proposed, with the inclusion of the two apartment buildings in the southwest corner, if economically feasible. Laukka is the Economic Development Commission's first choice for a developer for this component, if agreement can be reached as to the financial structure of the project.