Revitalization Commission Agenda and Packet 2012 09 10

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Revitalization Commission Minutes August 13, 2012 Page 2 of 3 Reports of the Commission – None. Business Matters of the Commission – Comp Plan Update – Gavin McMillan presented the structure of the th Comprehensive Plan Charrette scheduled for the week of August 27. The main communitymeeting will be Monday night with a worksession meeting on Tuesday night. Highway 42 – South Street Underpass – Chase Mullen, a designer working on the underpass, presented the current 30% design concepts. Questions were asked relating to the depth of the underpass, desired modifications to the grading of South and Front Streets, and the ‘look and feel’ for the improvements. Discussion began about the design. Due to several detailed questions that need additional time to discuss, a special meeting willbe scheduled to walk through designs of the underpass and the Highway 42 reconstruction. LRC and HPC Meeting Update – Becker handed out the draft agenda for the joint meeting with the HPC where a date will be determined in the next couple weeks. The handout is attached to the minutes. LRC Final Draft of Guiding Principles – Becker handed out the final version of the Commission’s guiding principles which summarize the intent and discussion of the special sessions held in June 2012. Catalyst Projects / Economic Modeling Plan – Becker began discussion about conducting a study in conjunction with the DELO redevelopment project into the amount of TIF being generated from future projects. Several infrastructure improvements need to be made in the area to fully develop the area and TIF is one potential source of funding. The following is the process for developing the study; 1)Goals of the Study – Becker walked through a powerpoint presentation which is attached about the goals of the study. 2)DELO’s consultant, Alan Matloz, will develop an initial study estimating the TIF generation for the DELO project and estimate TIF generation from other prospective projects in the urban renewal area. LRC will then look at the assumptions and request revisions. 3)LRC will alsodiscuss a list of outputs the redevelopment and infrastructure will have on the area and community-wide. 4)At the October meeting, the revised study will be discussed and then present to the City Council at a worksession on October 9. Discussion Items for Next Meeting – For the September 10, 2012 meeting, the first version of a TIF study around specific redevelopment projects will be