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2.0 RENEWAL �TRATEGY PRUCESS 2.1 Tfie first par�. of t�e Twin Lakes Ren�wai Strategy was completed with a bus to�r in .�uty. The tour provided public pa�ic� nraatcers with a perspective oiwhat redevelopm��t has occ�arred in Rosevilfe and the basic challeng;es the comm�r�iiy wauld face in the conti�ued e�fort to redevelap Twin La�es. 2.2 TF�e secand process vvas cotr�pteted November 1 at�d 2, 2dCl0. The sta.�`�' �efd strategy meetings wi� four key stakehoicler groups. The staiceholder groups consisted of paroperty o�ners, area neighbors, �ey deveiopers, and go�ernrnent and non-profit agenci�s t�at will ner;� to he infarm�d as part of �he AUAR prvicess. The strategy meetings provic�ed t�e following: a, a summary o� exi�ting plans and autline the inconsistencies betw�een them; b. faur differeni lar�� use plan sce��arios; a an ou�line of the costs and irnpacts to the aom�euiity of eack� kar�d use plan scenario and a discussron of'ih� icnpiementatioan strategies fpraactive or miarket drive�); d. a summary of the outcorr�es: new square faotage, erriployment, wages, ta�es, . infrastructure (gre�nspace, ponding, roads, park), and env�rc�nmental cleanup pf each Iand use plan scenario; �. discussi�n of the publie pta.�ning aptions to more; acc�zrate(y porUay the desired land use scenaria sueh as Camprehensive Plar� Am�nd�ne�nt nr a new Zoni�ng District (possihly a� 1'UD or `B-6" �nixed use districtj. 2.3 After compietian oi the stra�egy �neetings, staff ca�soiidated �he cam��n�s a.t�d suggestions of the partieipants a.nd reported to the Caanrnissian on additional �ndings at the publia heatit�gs on November 8 and Deae�nb�r 13, �UOQ. 2.4 Since the P�anning Coz�€�mission recom��end�d apptoval of a Renewal Strategy, anci assuming fmal Council appcoval af a revised plan, an Aiter�ative IJrban Area Review {AUAR) process could be�in in earty 2001. The pu�pose af th� AUAR. is to review ali environnnental issues sueh as tra�fc, water storage at�d t�rainage� capacity, air qua�ity, infrasiructure improvements, lanc�scaping, c�esign plan, parking, e#c. Th�s pracess wiil develap envirnnrnental mitigations tp cantrol impacts to tl�e City. 2.5 Upon compietian of the AUAR, which requires the review artd coait�znent �y several regulatpry agenaies, the community shoulri have a better und�rstanding of the developrr�ent po�ential in Twir� La.l�es, their impacts and r�vays to prnvide assurances far quality, environmentally sensitive ciev�lnpcnent through speeific mitigation measures. If after th� AUAR is approved ancf a developrnent propnsal is submitted ti�at does not �eet the environmental �resholds established, additional environme�ita3 review witC be required a� t�e expense of t�e apptican#. Z.G Si��f is hapefui that a renewed plan, wit� the background de#ail cort�pleted ta support it, will pnsition the City to more realistical�y captt�re carporate e�pansion PF3282 —RCA(t31q$Ql) Page 2 of 6