Revitalization Commission Agenda and Packet 2019 08 12

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Revitalization Commission Minutes July 15, 2019 Page 3 of 5 Jim Tienken asked when Ascent Church will close on the purchase of the former Sam’s Club. We should have two scenarios based on whether they close on the purchase or not. Zuccaro said they are working with a consultant to review redevelopment options if the former Sam’s building is repurposed. Covenants are still an issue on the property. Per property owner, if zoning is in alignment, that will help with covenant discussion. Commissioner Bradfield questions that residential does not pay its way. Zuccaro said we are seeing increases in internet sales tax collection but it has not been modeled. Commissioner Bradfield encourages staff to look into what state is doing. What they are doing changes the equation with how models look. Houses can become point of sale, convenient, minimize travel, minimizes traffic. th Zuccaro noted that church property on 96 is for sale. They were looking at th development scenario but have run into hurdles. Cost of development on 96 was higher than Ascent anticipated. There are 3 different property owners to coordinate with as well. Jim Tienken said he would like to know what church is doing. He echo’s Mike Kranzdorf’s point: does church have financing to redevelop? Zuccaro said having anyone, church or any user, reuse big boxes impacts ability for implementing some of the desired design changes in the area. Jim Tienken said no models show Sam’s Club remaining. Zuccaro noted that the City is modeling that now. We are working cooperatively with property owners. Commissioner Bradfield said it looks like staff is marching step by step in the direction Council has directed. You are attempting to work with property owners and that seems sensible. Zuccaro said we are trying something new. City Manager Balser said doing the same thing will give us the same result. We can’t assume every scenario. As things change, we will remodel. ii. Terraces on Main th This item went before City Council on June 11. It was continued to September 17th. We are looking at quotes for 3rd party review. LRC has to pay for it. Will that change anything for developer? 3rd party will confirm or not Boulder Creek Boulders (BCB) findings. This is not budgeted for. We will bring to Council first for approval, then bring to LRC for approval.