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<br />The Centex development lsarn consists of Centex Multifamily and Single F~mily homes. <br />Sningobee Builders. Inc. a MN Corporation, Bannigan ana Kelly 51. Paul. <br /> <br />. <br /> <br />At lI1e end or before Ihe alioned time periOd, Centsx will m3ke a determination if !hey <br />believe it feaSible from their corporate sland-point to develop the site. If so, Csntex will <br />presenl a development proposal for the site and negotiations with HF<A staff will b=gir. on <br />business terms Which will eventually lead to a reo'evelopment contract for the site If Centex <br />determines not to pursue o'evelopment on the site, all research material and documentatJon <br />will be submitted to the HRA for their use and ownership. <br /> <br />Neighborhood Review <br />During the analysis. it is expected that me oeveloper invOlve affected Communily groups in <br />the process. INine Park Association has met with PED staff and a community meeting is <br />being plannecl for September. <br /> <br />Public Purpose <br />The feasiOilily analysis by Centex may lead to the redevelopment Df a critical Site along the <br />River and the future development coulCl adCl tax value to the City jobs and create new <br />housing and employment opportunities. If development does not mOve forward, the HRA <br />will receive valuable data to further analyze uses for the sileo <br /> <br />. <br /> <br />Recommendation <br />The Executive Director recommends that the Board of Commissioners deSignate Centex <br />Corporation as tentative developer for the Upper Landing Site per the terms outli;1ed in this <br />report and the attached resoluliol1. <br /> <br />Submitted by RObert SChreier. PED <br />Sponsored by Chrrs Coleman <br /> <br />e <br /> <br />4 <br />