Revitalization Commission Agenda and Packet 2016 06 13

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Revitalization Commission Minutes May 9, 2016 Page 3 of 4 the 550 S. McCaslin urban renewal plan, but only as to appraisals and other value estimates and strategy for same, and that the executive session include the City Manager, Economic Development Director, Attorneys Sam Light and Malcolm Murray, and Deputy City Manager Balser. Fleming asked that Zuccaro join the Executive Session. Chair Becker approved. Vote (the motion carried by a vote of 6 — 0) Chair Becker made a motion to go into executive session for the purpose of consultation with an attorney representing the LRC with respect to pending litigation, and that the executive session include the City Manager, Economic Development Director, Deputy City Manager, Planning and Building Safety Director, Attorneys Sam Light and Malcolm Murray. Vote (the motion carried by a vote of 6 — 0) The LRC adjourned to executive Session at 7:40 am The LRC Reconvened in Open Meeting at 9:22 am REPORT — DISCUSSION/DIRECTION/ACTION Real Property acquisition and Disposition and Pending Litigation City Attorney Light reported that the LRC held executive session on Real Property acquisition and disposition and pending litigation. There would be a public process. No action or direction was taken. The LRC adjourned at Regular Meeting 9:24 am 550 S. McCaslin Development Proposal Staff Presentation As discussed at March meeting, one proposal was received in response to the RFP. The proposal is to construct a King Sooper Marketplace on the property. DeJong reviewed the objectives of the Urban Renewal Plan: • To create a retail rich environment • Redevelop the property • Increase retail activity DeJong listed the 4 blight factors that were found in the July 2014 conditions Survey and how the proposal addresses each of the four blight factors. They can be found in the packet. Recommendation: Staff asks for direction to begin negotiation to for a development agreement.