HomeMy WebLinkAboutHEDRA Packet - 03-14-2024 - WorkshopHASTINGS ECONOMIC DEVELOPMENT & REDEVELOPMENT AUTHORITY
WORKSHOP
March 14, 2023
Immediately Following Regularly Scheduled 6:00PM HEDRA Meeting
HASTINGS CITY COUNCIL – VOLUNTEER ROOM
I. Quorum
II. 2024-2025 HEDRA Strategic Plan Workshop
III. Adjourn
HEDRA STRATEGIC PLAN ACTION STEPS – 2023/2024
Status – March 14, 2024
Development of Underutilized Sites
Project Project
Status
Strategic Actions Budget
Impact
Timeline
Block 28
Redevelopment
Ongoing
Coordinate with property owners to determine price for acquisition or
development rights. (sales price, right of first refusal, etc). Acquired 114
West 5th Street and Dicks Barber Shop in 2023. EDS and Spiral Pizza
Remain.
Staff time /
Acquisition
Budget
Ongoing
Not
Started
Develop RFQ / RFP for development partner for the site once land is
adequately assembled
Staff time Mid Term
(2-3 year)
Block 16 Development
Not
Started
Meet with Met Council to assess willingness to relocate Red Rock
Corridor parking lot lease to a different existing parking lot.
Staff time Near Term
(<1 year)
Not
Started
Determine remaining outstanding debt on State bonds used to construct
parking lot.
Staff time Near Term
(<1 year)
Not
Started
Pay off state bonds (recoup funds through future TIF proceeds) $100,000+ Mid Term
(1–2 years)
Not
Started
Coordinate with Parks Dept to determine new location for Depot Park
equipment
Staff time Near Term
(<1 year)
Not
Started
Issue RFP for development proposals for the site with importance placed
on first floor commercial along 2nd Street and Ramsey Street.
Staff time Mid Term
(1–2 years)
Block 1 Redevelopment
Not
Started
Staff to develop ideas to activate and make use of the space until
development is feasible.
Staff time Near Term
(<1 year)
Not
Started
Staff to meet with ownership of adjacent parcel (PID 19-32150-03-040)
to assess interest in development of the
Staff time Mid Term
(1–2 years)
Hwy 61 / Cty Hwy 46
Redevelopment
Ongoing City Staff to coordinate with Dakota County on Cty Hwy 47
improvement project and preserving access to the redevelopment site
Staff Time Near Term
(<1 year)
317 3rd Street E
Redevelopment
Completed Staff to continue assisting developer through project entitlements.
Entitlements and agreements are valid until 8/1/24. No updates from
Developer since late 2023.
Staff time Near Term
(<1 year)
Completed Staff to apply for Dakota County CDA RIG Grant. RIG Grant has
expired.
Staff time
Ongoing Staff to coordinate project through Developer closing on property. Staff time 1 year
Westview Mall Ongoing Support owners in marketing of lease opportunities. Staff time Ongoing
Support Hastings Existing Affordable Housing Stock
Project Project
Status
Strategic Actions Budget
Impact
Timeline
Maintain
aging/naturally
occurring affordable
housing stock
Not Started
Explore CDA housing programs for partnership on any existing
programs that could be further funded for added resources towards
Hastings’ housing stock.
Budget allocation
+ Staff time
Near Term
(<1 year)
Not Started If no existing CDA program in place, Staff to research other
communities’ housing stock maintenance programs to craft a
funding program appropriate to aid in maintaining naturally
occurring affordable housing stock in Hastings
Budget allocation
+ Staff time
Near Term
(<1 year)
Maintain Hastings Character & Tourism Attraction
Project Project
Status
Strategic Actions Budget
Impact
Timeline
Community
Investments &
Awareness
Ongoing Implementation of Façade Improvement Program $50,000 Ongoing
Paused
Prepare repositioning plan for 213 Ramsey Street as a small
business incubator and/or coworking space owned/managed by
HEDRA. Research conducted. Price for conversion expensive,
looking at other ways to utilize the space in the interim.
Staff Time +
Construction
Costs
(<1 year)
Ongoing
Implement placemaking initiatives including the summer Makers
Markets (June-August) and Hastings Restaurant Week (January)
Staff Time Ongoing
Improvements To Development Process
Project Project
Status
Strategic Actions Budget
Impact
Timeline
Assess Entitlement
Process
Not Started Staff to conduct survey assessing the City’s current
development/permitting processes.
Staff time
Near term
(<1 year)
Not Started
Staff prepare summary of areas of strength and areas of
improvement. Identify specific alterations to be made to be
considered by HEDRA / Planning Commission / City Council.
Staff time
Business Retention and Expansion
Project Project
Status
Strategic Actions Budget
Impact
Timeline
Business Retention
& Expansion Visits
Ongoing Staff to complete at least 5 BR&E visits annually and provide
BR&E survey report to HEDRA.
Staff time Annual
Business Drop-in
visits
Ongoing Staff to complete at least 100 unique business drops in’s per year
and provide updates to HEDRA in July and January on status of
visits.
Staff time 1. Annual