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City Council <br />Meeting Minutes <br />December 20, 2016 <br />Page 4 of 11 <br />Attorney Light introduced the ordinance and resolution. Mayor Muckle opened the public <br />hearing and called for a staff presentation. <br />Economic Development Director DeJong stated this is a contract to exchange property <br />with 608 Main Street. He noted changes since first reading. The goal is to create <br />additional parking in downtown. He reviewed the various parking the City has created <br />lately. <br />The Blue Parrot parking lot is an inefficient use of the property with its current layout <br />due to its short width. An addition of land to the south would allow an additional 10-15 <br />spaces in the immediate term and it creates opportunity for a future parking structure in <br />this area. It is in a good location and could be built without tearing down any building <br />and it would be hidden from street view. <br />This would be a contract to exchange property; the westerly 45 feet of the City's <br />recently acquired Blue Parrot parking lot and 608 Studios would transfer the easterly <br />105 feet of their lot. The City would get 753 square feet more than they previously had. <br />The exchange is contingent on PUD approval within one year for a new building on the <br />site. The City will credit $35,000 for future permit fees or construction use taxes as <br />compensation for the City receiving the extra 753 square feet. Each party will provide <br />the land being exchanged without liens or leases. The parking improvement fee for the <br />proposed new building will be at the current rate, but not to exceed $5000. Provisions <br />for access, utilities, and other services will be mutually established within the PUD <br />process. <br />Director DeJong reviewed pros and cons of the property exchange. <br />Pros: <br />Needed office space would be created <br />Creation of a better building along Main Street with additional retail space with <br />the reorientation on Main Street. <br />Better meets the goals of the Downtown Design Guidelines. <br />Moves parking entrance off of Main Street and accessed from alley and screens <br />parking lot from the street. <br />Encourage ground floor pedestrian activity. <br />Maintain storefront sidewalk edge. <br />Yields additional parking and possible parking structure later <br />Cons: <br />Need funds for parking structure and more study on creation of a structure. <br />May add design complications <br />City relinquishes the Main Street portion of the parking lot <br />16 <br />