City Council Minutes 2016 12 20 - Laserfiche WebLink

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City Council Meeting Minutes December 20, 2016 Page 4 of 11 Attorney Light introduced the ordinance and resolution Mayor Muckle opened the public hearing and called for a staff presentation Economic Development Director DeJong stated this is a contract to exchange property with 608 Main Street He noted changes since first reading The goal is to create additional parking in downtown He reviewed the vanous parking the City has created lately The Blue Parrot parking lot is an inefficient use of the property with its current layout due to its short width An addition of land to the south would allow an additional 10-15 spaces in the immediate term and it creates opportunity for a future parking structure in this area It is in a good location and could be built without teanng down any building and it would be hidden from street view This would be a contract to exchange property, the westerly 45 feet of the City's recently acquired Blue Parrot parking lot and 608 Studios would transfer the easterly 105 feet of their lot The City would get 753 square feet more than they previously had The exchange is contingent on PUD approval within one year for a new budding on the site The City will credit $35,000 for future permit fees or construction use taxes as compensation for the City receiving the extra 753 square feet Each party will provide the land being exchanged without hens or leases The parking improvement fee for the proposed new building will be at the current rate, but not to exceed $5000 Provisions for access, utilities, and other services will be mutually established within the PUD process Director DeJong reviewed pros and cons of the property exchange Pros • Needed office space would be created • Creation of a better budding along Main Street with additional retail space with the reorientation on Main Street • Better meets the goals of the Downtown Design Guidelines • Moves parking entrance off of Main Street and accessed from alley and screens parking lot from the street • Encourage ground floor pedestrian activity • Maintain storefront sidewalk edge • Yields additional parking and possible parking structure later Cons • Need funds for parking structure and more study on creation of a structure • May add design complications • City relinquishes the Main Street portion of the parking lot