Loading...
HomeMy WebLinkAboutStrategic Plan - 24-25HEDRA STRATEGIC PLAN ACTION STEPS – 2024/2025 Status – April 11, 2024 Development of Underutilized Sites Project Project Status Strategic Actions Budget Impact Timeline To Complete 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. Seek to acquire EDS by end of 2024 Staff time / Acquisition Budget Ongoing Not Started Develop RFQ / RFP for development partner for the site once land is adequately assembled. Determine developer interest upon EDS acquisition Staff time 1Q 2025 Block 16 Development Ongoing Meet with Met Council to assess willingness to relocate Red Rock Corridor parking lot lease to a different existing parking lot. Initial meeting with Met Council has occurred Staff time 1Q 2025 Ongoing Determine remaining outstanding debt on State bonds used to construct parking lot. Staff time 1Q 2025 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. Property owned by both Murphs Auto and Kwik Trip. Murph’s is currently for sale. Staff has reached out to potential developers for interest in acquiring both properties for a coordinated site redevelopment Staff Time Near Term (<1 year) 317 3rd Street E Redevelopment – Block 15 Redevelopment Completed Staff to continue assisting developer through project entitlements. Entitlements and agreements are valid until 8/1/24. Met with developer in March, 2024. Staff time Near Term (<1 year) Completed Staff to apply for Dakota County CDA RIG Grant. RIG Grant has Staff time expired. Ongoing Staff to coordinate project through Developer closing on property. Staff time 1 year Staff examining temporary uses for 213 Ramsey Street. If Siewert does not move forward examine redevelopment of adding 213-215 Ramsey Street to create larger redevelopment site. Westview Mall Ongoing Support owners in marketing of lease opportunities. Encourage development of new commercial in mall parking lot Staff time Ongoing Downtown Parking Continue to evaluate utilization to determine if changes are needed Waste Water Treatment Plant Site Plant will vacate the site in 2026-27. Site ownership will transfer to City\HEDRA – Determine interest for redevelopment from private market and neighbors. Hastings Creamery Work with property owners to redevelop site 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. Look at downpayment assistance for first time home buyers. 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) Not Started Use of State sales tax funds for housing Maintain Hastings Character & Tourism Attraction Project Project Status Strategic Actions Budget Impact Timeline Ongoing Implementation of Façade Improvement Program. Look at transitioning program into TH 61 assistance during construction $50,000 Ongoing Community Investments & Awareness 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