City Council Minutes 2019 02 05 - Laserfiche WebLink

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City Council Meeting Minutes February 5, 2019 Page 10 of 21 Councilmember Maloney recommended moving ahead with a discussion of Altemative 2 It is not the first choice to have residential, but we have unmet needs for senior housing and multi -income housing. We can address the GDP but will need the property owners to help with the covenants. There are a number of things in the fiscal analysis that need to be clarified and refined to clearly understand the fiscal impacts. Mayor Muckle stated what we have been doing is not working He wanted to be clear we have tried very hard to re -tenant the Sam's club, have talked to many tenants and developers. There is no evidence this is going to work as we have been doing it. We need to take a new tack on this. He stated he was not a huge fan of additional residential, but it is quite clear we likely need some residential to get this moving We need to look at the GDP to give better options for a developer to get this moving Supported a GDP amendment during the next few months. Councilmember Stolzmann asked if a GDP amendment would require an ordinance. Director Zuccaro stated yes. Councilmember Stolzmann stated we havea lot of input from the community for the Small Area Plan that is not in line with some of these alternatives. She stated her concern is moving forward with a GDP amendment does not solve the issue of the asking price and the ability to tenant it with something that would perform, she would like to do something to meet expectations of both the owner and the City She thinks many of the problems with re -tenanting is due to the covenants. She would not like to throw out Alternative 1, but would like to keep 1 and 2, perhaps a hybrid She would like the Finance Committee to explore fiscal options. She is concerned the path forward does not address the covenants and the imbalance between what the market will bear and the sales price She would like to explore some of the barriers to re -tenanting such as outdoor sales limits. Councilmember Leh stated we are trying to find the intersection of permitted uses, market analysis, and public input. The community doesn't want high density housing, perhaps senior or patio home uses would work. There is community concern there is nothing to help activate that area. The market analysis is sobering to fully understand we are not a regional draw and our density is never going to allow for that. City Hall and the Council don't drive the development, these are larger market forces and the covenants are a real impediment. We have to take some action here to help get something to happen, we can't wait for the market. We have to find something fiscally sustainable for the long haul This corridor supports City services and we can't pretend we don't need it. Alternative 2 is a path or part of the path Mayor Muckle moved to direct staff to initiate a GDP amendment to allow for community supported uses allowed for in Altemative 1 or 2 and working with property owners on the covenants. Councilmember Loo seconded