HomeMy WebLinkAboutIV.D. Strategic Plan MatrixHEDRA STRATEGIC PLAN
ACTION STEPS
June 10, 2021
Development of Underutilized Sites
Project Project
Status
Strategic Actions Budget Impact Timeline
Vermillion/Cty Hwy
47 Intersection
Redevelopment
Not Started Meet with property owners to determine likelihood for
redevelopment and the extent to which HEDRA would play a role.
Staff time
Near
Term
(<1 year)
Not Started Meet with interested redevelopment partners to determine interest
and identify obstacles.
Less than $5,000
Not Started Determine any HEDRA resources to spur redevelopment. Potential
Acquisition Cost.
Assessed value of
properties ~500K.
Hastings Target Site
Ongoing
Establish regular meetings with Target’s real estate broker to
determine private market interest for purchase or site redevelopment.
Staff time
Near Term
(<1 year)
Not Started Work with owner, broker, and Operational Easement Agreement
(OEA) Signatories to expand potential uses for the site
Not Started Review any changes to land use controls with HEDRA and City to
spur development.
Not Started Determine any HEDRA resources to spur redevelopment.
UBC Site
Redevelopment
Ongoing Staff to approach developers to gauge interest in the site and
possibilities for redevelopment.
Staff time
Near Term
(<1 year)
Ongoing
Staff to work internally to locate alternative storage options for the
various pieces of equipment currently stored in the metal UBC
building.
Cost to remove
metal structure
from building.
317 3rd Street E
Redevelopment
Development
In Process
Staff to continue assisting developer through project entitlements
and to construction.
Staff time Near Term
(<1 year)
Wells Fargo Block
Redevelopment
Not Started Meet with property owners to determine price to control
development interest (sales price, right of first refusal, etc)
Staff time / Near Term
1. (<1 year)
Not Started Meet with interested redevelopment partners to determine interest Staff time Mid Term
and identify obstacles. (1-2 year)
Not Started Develop RFQ / RFP for development partner for the site once
assembled
Staff time Long
Term
(3+ years)
Not Started Determine any HEDRA resources to spur redevelopment Staff time Long
Term
(3+ years)
Block 1
Redevelopment
Ongoing
Staff to continue to meet with Spades and assess progress towards
development.
Staff time Near Term
(<1 year)
Not Started Staff to prepare an RFP for a mixed use development on the site.
Project to include both residential and either retail/commercial/office
uses.
Staff time Mid Term
(1–2
years)
Crossroads
Commercial Site
Not Started Meet with property owners to determine likelihood for
redevelopment and the extent to which HEDRA would play a role.
Staff time
Near Term
(<1 year)
Not Started Meet with interested redevelopment partners to determine interest
and identify obstacles
Staff time
Not Started Review any changes to land use controls with HEDRA and City to
spur development.
Staff time
Not Started Determine any HEDRA resources to spur redevelopment. Staff time Mid Term
(1-2 year)
Westview Mall Not Started Meet with Property owner to assess their long term vision for the
property and how the City can assist.
Staff time Near Term
(<1 year)
Marcus Theatre
Ongoing Meet with listing brokers. Staff time 1. Mid Term
(1-2 year) Not Started Review any changes to land use controls with HEDRA and City to
spur development.
Staff time
Maintain Hastings Character & Tourism Attraction
Project Project
Status
Strategic Actions Budget Impact Timeline
Downtown Hastings
Not Started Complete an architectural assessment to include the identification of
necessary repairs to ensure longevity of historic structures.
$50,000 study
1. Near term
(<1 year)
Not Started
Staff to review American Rescue Plan (ARP) to assess the use of
that resource to fund a matching grant program to fund repairs that
are identified by the assessment.
ARP dollars for
matching grant
program to fund
repairs.
Not Started Complete renovation projects on downtown historic structures ARP dollars 2. Mid Term
3. (1-2 year)
Blight Identification
Not Started Staff to proactively identify and pursue code violations in
commercial areas.
Staff time
1.
2. Near term
(<1 year)
Not Started
Staff to review existing Revolving Loan Program and either add to
this program or create a new loan program with the purpose of
funding exterior and structural home repairs for households with an
annual income <60% of Area Median Income. Hastings 2020 AMI
was $66,403.
HEDRA to fund
no interest loan
Improvements To Development Process
Project Project
Status
Strategic Actions Budget Impact Timeline
Assess Entitlement
Process
Not Started Staff to meet with at least 6 commercial/residential developers that
have completed a project in the past 3 years.
Staff time
1. 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
Review Existing
Incentive Programs
Not Started Staff to review all existing program handouts for areas to update. Staff time Near term
(<1 year) Not Started Bring recommended changes to HEDRA for consideration. Staff time
Business Retention and Expansion
Project Project
Status
Strategic Actions Budget Impact Timeline
Business Retention
& Expansion Visits
Ongoing Staff to complete at least 12 BR&E visits annually and provide
BR&E survey report to HEDRA.
Staff time 1. Near term
(<1 year)
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. Near term
(<1 year)