Economic Vitality Committee Agenda and Packet 2021 12 17

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Economic Vitality Committee Meeting Minutes November 18, 2021 Page 4 of 5 Puiblic comment from Mike Kranzdorf. Mr. Kranzdorf questioned whether housing is included in the discussion of this property. Director Pierce responded that Ascent Church's current vision has not included housing to this point. Chair Dickinson commented that this property should be considered a very high priority and wondered what EVC and City Council can do to amend the covenants and encourage development. Councilmembers Most and Fahey both agreed that this should be a high priority property for the EVC to bring to Council. Mr. Kranzdorf cautioned the EVC about removing the restrictive covenants and the impact that it could have on the business and development community. He also encouraged them to have a further discussion prior to making any decisions. Councilmember Most thanked Mr. Kranzdorf for his comments and spoke about the impact that similar businesses being located next to each other can have positive impacts on the community. Chair Dickinson clarified that changes to the restrictive covenants may not necessarily allow a grocer to locate in this area but would likely focus on other covenants. Director Pierce responded that the company is currently working on a fourth amendment to the covenant declaration but that there have not been any significant changes since 1995. Chair Dickinson reaffirmed that this property should be included within the top two priority properties for City Council action and that EVC's recommendation be to pursue what they can do to encourage redevelopment in the property. 785 E South Boulder Road — Director Pierce summarized the previous discussion and confirmed that there is current interest in the property. Councilmember Fahey asked whether the current interest is related to the Rose and Raven at 511 E South Boulder Road and Director Pierce stated that it is not. 1164 W Dillon Road, Current Regal Cinebarre Theater— Interim Planning Director Ritchie commented that this property is likely more ripe for Council interest and action than other properties including 550 S McCaslin and highlighted the adjacency to McCaslin Station. She mentioned that there is an applicant interested in redeveloping this site to a primarily residential use. Director Ritchie emphasized that the potential of retail development would be unlikely without direct City involvement. Chair Dickinson commented that he would like the EVC to provide a recommendation as to how Council can help attract residential development on this property. Councilmember Fahey agreed that it should be a priority for Council to take action to encourage development. She also questioned whether Agenda Packet P. 5