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HomeMy WebLinkAboutV.C - Downtown Property Study HEDRA Memorandum To: HEDRA Commissioners From: Rusty Fifield, Economic Development Coordinator Date: October 4, 2019 Subject: Scope of Work and Budget Downtown Property Utilization Study Action Requested No action requested. Item presented for information. Background One of the Immediate Action items in the Strategic Plan is to “Work to achieve development on City-owned property that enhances the Downtown”. To that end, we have submitted an application to the Dakota County CDA for a Redevelopment Incentive Grant (RIG) to help fund the study of HEDRA properties in the Downtown area. The proposed project allows HEDRA to obtain the technical expertise needed to assist in evaluating options and creating an effective development strategy for five sites. Each of the five sites has different development considerations. The planning approach will be tailored to fit each site, but will involve the same basic steps: (1) What uses are possible on HEDRA owned parcels? (2) Is the site best used in conjunction with adjacent private parcels and if so what are the alternatives? (3) How do the alternatives fit with existing uses and plans for Downtown? (4) What is the preferred strategy for dealing with the HEDRA owned property? (5) What City/HEDRA actions are needed to implement the preferred strategy? Our application was the only one received by the CDA in September for planning assistance. We are optimistic that our project will receive funding. The $15,000 grant combined with a $15,000 local match will be used to engage a consultant with the appropriate expertise to supplement staff capabilities. The purpose of this agenda item is to explain the project and to get your feedback on the proposed scope of work. Staff will use the scope of work to collect information and conduct initial investigations. Our findings will be used to shape the work to be performed by the consultant. We plan to bring a contract for consulting services to HEDRA in January. Downtown Property Study October 4, 2019 Page 2 The Sites The Study divides HEDRA property into five sites. Site 1 This site consists of two parcels bound by Artspace Lofts, rail line, Mississippi River and Levee Park. The site is subject to purchase option with Panache that expires October 31, 2019. If the property is sold, the project will focus on site development design to integrate development into this unique setting. If the option expires, the project will take the opportunity to evaluate alternative uses for this site and to create site design guidelines. Site 2 Plans for mixed use redevelopment of this site (one of four parcels owned by HEDRA) dates back to the 2003 Heart of Hastings downtown plan. To date, no developer has been able to create a feasible plan. The long- term use of this property requires guidance from HEDRA. We are seeking answers to the following questions:  What use(s) (if any) are possible on the vacant parcels?  Is it possible to redevelop the site and incorporate all or some of the existing structures?  What public actions are required to achieve the desired private development? Downtown Property Study October 4, 2019 Page 3 Site 3 This site was developed as a park-and-ride lot for the future extension of commuter rail or BRT service to Hastings. The project was funded by a grant from the Metropolitan Council. The terms of the grant agreement change in the use of this property without the written consent of the Metropolitan Council. Given the uncertain status of transit service and the importance of this site to the downtown area, the exploration of redevelopment options needs to answer these questions:  How is the parking currently used?  Are there redevelopment options that make better use of all or part of this property?  How can the parking displaced by development be replaced in a way that would be acceptable to the Metropolitan Council? Site 4 HEDRA acquired the former United Building Center (UBC) property in 2005. Initial downtown planning envisioned these parcels as parking. The 2003 Heart of Hastings proposed housing-based redevelopment oriented to downtown and transit. Neither of these ideas have become reality. The City currently uses the buildings for storage. Alternative uses of this site must be considered in concert with the other sites in the study. Downtown Property Study October 4, 2019 Page 4 Site 5 The 2003 Heart of Hastings Plan shows the redevelopment of the south half of the Post Office block. To date, no redevelopment projects have been proposed. The study will consider the use of this property in concert with the overall plan for downtown. Study Scope of Work The scope of work is designed to make effective use of staff capabilities and to maximize the ability of funding to utilize consulting services. Staff will conduct all data collection and stakeholder interviews before the end of the year. We will use what we learned to determine work needed from the consultant. The end result will be a clear understanding of what is possible for a site, a preferred development strategy, and actions needed to achieve the desired outcomes. We have divided the study of the seven tasks. The work to be performed in each task is summarized below: Task 1 - Framing the Study. Staff will collect data and conduct initial discussions with stakeholders. This information will be used to shape the more detailed site analysis that follows. This task may lead to a determination that certain options do not merit investigation. For example, an alternative use of Site #3 is not worth exploring if the Metropolitan Council is not willing to consider it. Task 2 - Define the Steps. The objectives of this task are (1) compile the information collected in Task #1, (2) define the constraints on the investigation of each site, (3) define the work to be performed by the Consultant, (4) engage the Consultant. Part of this task will be to define if the City will take the lead in preparing the Study report and the specific deliverables desired from the Consultant. Task 3 – Kick Off Day. This would be a full working day in Hastings. Consultant team gets to be on the ground at the sites. Staff can follow up with resources at City Hall. Staff will be able to participate as Consultant creates concept(s) for each site. Identify follow up tasks before concluding. Downtown Property Study October 4, 2019 Page 5 Task 4 – Concept Development. Consultant creates one or more concept for each site (with development capacity). Workshop at Consultant office to review concepts. Identify preferred concept, identify modifications, identify additional information needed. Explore actions needed to implement the preferred concepts. Task 5 – Draft Report. Prepare working draft of Study report that contains findings and recommendations. Task 6 – Conduct HEDRA Workshop. Present draft report and obtain feedback Task 7 – Prepare final report. Revise draft based on HEDRA input and finalize action steps. Financial Impacts None at this time. $15,000 upon award and acceptance of the grant. Attachments None