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HomeMy WebLinkAbout7.C. Discussion of Downtown 2015 Budgetary Needs 7. C. S AKOI?F F: TO: Mayor and City Council FROM: Mark McNeill, City Administrator DATE: 08/06/2014 SUBJECT: Discussion of Downtown 2015 Budgetary Needs Introduction The Council will be asked to discuss, and give preliminary direction on budgeting needs for 2015 for downtown improvements. Background Earlier this year, the City hired Hoisington Koegler Group (HKGi) to perform a marketing study of the City's downtown area. As a result, a number of priorities were identified, and were discussed by the EDAC, Planning Commission, and PRAB. Those recommendations were then adopted by the City Council. Note that the HKGi study was not a market demand or absorption study, it is probable that an additional study would need to be performed in order to more completely identify the answers to some of those questions. "Next steps", including budget needs, should be reviewed. At the August 6th meeting, we would like to discuss Council's desire for providing for such things as: 1. Planning--There is a need for follow up from the HKGi Study, including implement strategies. In addition, the Metropolitan Council has recently released a regional housing plan. How should preparation for a wide range of housing--both affordable and market-rate--be incorporated into Shakopee's downtown, 1st Avenue corridor, and the surrounding areas? 2. Infrastructure Needs--Both Shakopee Public Utilities and the City have identified renovations and updates to infrastructure and streetscaping which, in some cases, were last addressed in the 1980s. This would be such things as reconstruction of parking lots and alleys; the replacement of street pavers, disability ramps, tree grates; and utilities. 3. Railroad Quiet Zone--It is felt that addressing train noise will be one of the keys to attracting new development in the First Avenue corridor. A letter from the Council was sent to the Union Pacific in June, asking about the railroad's interest in participating in preparations for establishment of a Quiet Zone. Even with a positive response from the UP, it is likely that the City will still need to make a sizable financial investment in order to establish a quiet zone in the downtown area. 4. Main Street Shakopee--Four Main Street Shakopee sub-committees have been formed, and are just starting to meet. Any recommendations for improvements in downtown resulting from these study committees should be coordinated with the City's plans. City Staff, SPUC, Main Street will be meeting to discuss this concept in more detail prior to the Council meeting. We expect bring forward the results to the Council for further discussion at the August 6th meeting. Attachments: