CCP 07-19-2004 - Laserfiche WebLink

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. . . Memo to City Council Redevelopment Dircction July 16,2004 3 . use or does the Council want to wait for a specific land use (e.g., office, medical, etc.)? If the Council wanted a specific type of business, is a land price discount an acceptable strategy to meet the objective? Cheasapeake Property Staff met with representatives from the Chesapeake Companies in mid-Junco The purpose of the meeting was to gain an understanding as to issues associated with development and to gain a perspective on future development. It was stated that they now have a purchase agreement with ATS Steel and discussed the recessionary economic climate which precluded the development of the property. The most important part of the discussion was Chesapeake's perspective that they have "development framework" in place with the City that will allow them to move forward quickly when a major user is secured. This framework includes an approved Environmental Assessment Worksheet, preliminary site plan approvals (which will need to be reviewed and acted on for an extension in early fall), and an informal agreement regarding the use of tax incremcnt for the right project. Staff views that it is imperative for the Council to discuss these development points and if there is a difference, communication needs to bc made to Chesapeake to resolve any discrepancies. The policy questions for the Council include: Do the Council favor an extension of the preliminary plans? Have the Council in the past had discussions regarding tax increment financing and what is the current consensus on this issue (the property is currently located within an existing tax increment district)? An; there any additional concerns that should be communicated regarding the development of this property? After the City Council has had the opportunity for discussions on these items staff will prepare additional materi::ds as requested to continue the redevelopment/development ofthese properties Miscellaneous Attached is information from the Salvation Army who is looking for a site for a combination distribution facility and a living/dormitory style housing facility. They originally looked at a building on Rourtd Lake Road which has a number of zoning issues (at this time no zoning district would allow this type of arrangement). They thcn asked if the City was interested in working with them to secure a site of up to 10 acres in size. Staff will make a short presentation and is looking to Council for further direction.