HomeMy WebLinkAbout12/27/1983 TENTATIVE AGENDA
JOINT MEETING
CITY COUNCIL AND AD HOC DOWNTOWN COMMITTEE
SHAKOPEE , MINNESOTA
ADJ .REG . SESSION DECEMBER 27, 1983
1] Roll Call at 7 :00 P.M.
2] Council Invites Downtown Committee to the Council Table - Presentation
by Downtown Committee :
a] Downtown Committee call to order
b] Approval of Minutes of December 14, 1983 and December 20, 1983
c] Presentation of Selected Design Alternatives
1] Presentation of Alternative B-1 , revised
2] Comments from Industrial Commercial Commission, Planning
Commission, City Council and Public
d] Discussion of future direction for downtown redevelopment
1] Phase III - Implementation with consultant
2] Steps to be taken to secure Minnesota Department of
Transportation cooperation for Design Alternative B-i , revised
3] List of possible development opportunities
e] Downtown Committee adjournment
3] Continuation of City Council Meeting:
a] Res. No. 2202 , Calling A Public Hearing On A Project Under The
Minnesota Municipal Industrial Development Act - Racetrack
b] Other Business:
4] Adjourn.
John K. Anderson
City Administrator
NOTE : The recording secretary will be taking minutes for both the
Council and Downtown Committee .
PROCEEDINGS OF THE
DOWNTOWN AD HOC COMMITTEE
SHAKOPEE, MINNESOTA
December 14 , 1983
Chrmn . Steil called the meeting to order at 7 : 10 A.M .
Members Present: Steve Clay, Gary Laurent , Joe Topic , Don Martin ,
Mike Sortum, Jim Stillman and Jerry Wampach. Nancy Christensen
arrived later .
Also present were : Lee Stoltzman , Planning Commission ; Gloria
Vierling , City Council ; Jeanne Andre , Community Development Director ;
John Anderson , City Administrator and Consultants , Jack Lynch , Ken
Anderson and Dick Krier .
Members Absent: Bill Wermerskirchen , Jr . , Terry Klinger , Terry Link
and Gene Pearson .
Topic/Clay moved to approve the meeting minutes of November 29 , 1983 as
presented . Motion carried unanimously.
Martin/Wampach moved to nominate Gary Laurent as Chairman for the
Downtown Ad Hoc Committee in 1984 . No other nominations were made .
Wampach/Topic moved to nominate Don Martin as Vice Chairman for the
Downtown Ad Hoc Committee in 1984 . No other nominations were made .
Martin/Wampach moved to nominate Steve Clay as Secretary for the
Downtown Ad Hoc Committee in 1984 . No other nominations were made .
Nancy Christensen arrived at 7 : 15 A.M.
Stillman/Wampach moved to unanimously cast a ballot for the entire
slate of candidates nominated . Motion carried unanimously .
Discussion was held on a time frame for proposed Highway 169/ 101
intersection changes . It was suggested that the Downtown Committee
meet with Bill Crawford of Mn/DOT to establish some type of time
estimate for these changes .
Presentation of the alternatives for Downtown Redevelopment was given
by Design Consultant , Jack Lynch , with focus on new Alternative B-1 .
He explained that this is not an inexpensive option due to the fact that
a significant amount of fill would be needed to implement this plan .
With this plan , Levee Drive would take on more of a pedestrian function
and Fuller Street would become the focus point for crossing 1st Avenue ,
with the possibility of a median to aid senior citizens in crossing .
The possibility of tunneling under 1st Avenue was discussed with Ken
Anderson , Consulting Engineer , counseling against this option due to
the high construction costs and on-going surveillance problems . Mr .
Anderson suggested lengthening the time sequence controlling the
Fuller Street semaphore to aid seniors in crossing 1st Avenue .
Downtown Committee 12/ 14/83
Chrmn . Steil questioned if the traffic light at Sommerville should be
moved to Spencer Street to avoid "boxing" in downtown to the east . The
City Administrator indicated that additional traffic counts have been
and will be taken to determine the best north/south traffic flow.
Councilwoman Vierling asked what improvement in traffic flow would be
provided by Alternative B-1 and what is the estimated time frame to
implement this plan .
Consultant Anderson stated that there is some improvement in the flow ,
but the main advantage is the improved geometries to allow semi-
trailers to flow through more smoothly. He suggested that a 5-year
time frame for implementation might be possible by phasing the project
as two components , bridge and roadway improvements. Each component
could be implemented separately and with attempts made to capture
funds turned back for other highway projects which have been delayed .
Discussion continued on possible bridge improvements . Consultant
Anderson stated that the bridge widening could be applied to any of the
alternatives . He added it would probably involve a 14 foot addition .
Traffic interruptions could be kept to a minimum by using the present
walkway. Fill would be needed in the parking lot , but the existing
buildings on 1st Avenue could be kept at the same grade and still
implement this plan .
Dick Krier stated that in his opinion , the traffic movement must go off
of 1st Avenue in order for this project to be successful .
Chrmn . Steil requested the Committee review the viability of each
design alternative with each given objective , previously established
by the Downtown Ad Hoc Committee , for the Highway 101/ 169/Holmes
Street intersection .
Martin/Wampach moved to eliminate Alternative A and prevent traffic
from running through the downtown area . Motion carried unanimously.
Chrmn . Steil stated that with this action , the Committee had then
concluded to reroute all traffic around downtown .
Discussion was held on renovating the back sides of the buildings as you
approach Shakopee from the north on Highway 169 . Suggestions were
made as to how this could be accomplished .
Chrmn . Steil then asked for the majority of a vote to decide which
alternative then suited Objective No. 1 , "strengthening economic
well-being of the core with increased retail , office and residential
activity" , the best .
Plan B Denied unanimously
Plan B-1 Majority "aye" ; Stillman "no"
Plan C Majority "no" ; Stillman "aye"
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Downtown Committee 12/ 14/83
Chrmn . Steil questioned the Committee as to their thoughts on what was
to be the east/west boundaries of the redevelopment area . Consensus
was from Scott to Spencer Streets with less intensive westerly
boundaries when extending the redevelopment area to the south.
Brief discussion was held on the balance of the 13 objectives and how
they related to each alternative . Dick Krier , consultant , led the
Committee through each objective reminding them that in the
preparation of these alternatives , the consultant ' s kept it in mind
that each alternative would be viable for the City of Shakopee , but it
was the decision of the Committee as to which alternative preferred and
which best met the needs for the retail business in the area .
Mr. Krier suggested that each Committee member take the matrix of
objectives , examine each objective carefully and then individually
determine which alternative best suited that objective , and then
return to the next meeting ready to make motions and take action on
these suggestions and recommendations . Discussion was held as to
whether the paid consultants would be better qualified to make these
decisions for Shakopee than for the Committee to make the decisions .
Consensus was for the Committee to make these decisions since each
member would have to live with the decisions and defend its action .
The consultant would guide the Committee through these decisions.
A meeting date prior to the next scheduled meeting of December 27th was
discussed and the Committee agreed to individually examine each
objective and how it could best be incorporated into Plan B-1 , since
this seemed to be the popular alternative .
Martin/Stillman moved to adjourn to December 20 , 1983 (Tuesday) at
7 : 00 A.M. Motion carried . Meeting adjourned at 9 : 10 A.M.
Don Martin
Secretary
Jane VanMaldeghem/Jeanne Andre
Recording Secretaries
3
PROCEEDINGS OF THE
DOWNTOWN AD HOC COMMITTEE
SHAKOPEE, MINNESOTA
December 20, 1983
Chrmn . Steil called the meeting to order at 7: 10 A.M.
Members Present : Jim Stillman , Joe Topic , Don Martin , Steve Clay,
Jerry Wampach , Nancy Christensen , Mike Sortum , Gary Laurent and Bill
Wermerskirchen , Jr.
Members Absent: Terry Link , Gene Pearson and Terry Klinger.
Also Present were : Lee Stoltzman , Planning Commission liaison ; Frank
Reid , Chamber of Commerce liaison ; Jeanne Andre , Community
Development Director ; John Anderson , City Administrator ; H . R.
Spurrier, City Engineer and Bev Koehnen , Planning Commission member,
and Consultants , Jack Lynch, Ken Anderson and Dick Krier.
Chairman Steil introduced the discussion and suggested that each
member , one-by-one , comment on the elements of Alternative B-1 which
they liked or disliked .
Jim Stillman noted that he likes the fact that Alternative B-1 compacts
the downtown . He is supportive of diagonal parking on 1st Avenue ,
closing Lewis Street and improving 2nd Avenue. He thinks this plan
will accommodate new businesses as suggested in the Market Study.
Joe Topic stated that he thinks Alternative B-1 meets most of the
development objectives . He would like greater emphasis on pedestrian
amenities and suggested making alleys into crosswalks and use of
skyways to allow people to stay inside.
Dick Krier responded that skyways are very expensive , typically
costing $1400 ,000 to $500 ,000 with longer ones costing up to $1 million .
He suggested that skyways also require second level activities which
do not currently exist in Shakopee and are not likely to be developed .
As an alternative , he suggested providing for new shops to have
openings into existing buildings to create an internal mall-type
activity . He also recommended improved grade level pedestrian
crossings .
Discussion was held on possible locations for City Hall and housing in
the plan .
Jerry Wampach stated that he is in favor of placing City Hall close to
the Court House .
Joe Topic indicated he favors leaving the riverfront for recreation.
Downtown Committee 12/20/83
Jeanne Andre questioned whether housing adjacent to 2nd Avenue and the
railroad could ever gain FHA approval , since that was a major factor in
determining the site of the existing elderly housing .
Dick Krier responded that with specially constructed noise barriers ,
FHA approval could be obtained as long as no dangerous chemicals are
carried on this rail route .
Don Martin stated he is strong on Alternative B-1 , although he is
against getting too specific on a plan and would rather provide an
instrument for others to undertake redevelopment . Elements of the
plan which he likes include providing open space , not highway , along
the river to create recreational opportunities; eliminating
structures on the NE corner of 1st and Sommerville and creating a "mall"
effect on 2nd Avenue . He also suggested vacating Lewis between 2nd
and 3rd Avenues to pull together the four block area ( Holmes to
Sommerville ; 1st to 3rd Avenues) that could be circled by a one-way
circulation scheme .
Ken Anderson stated that he is not strong on one-way streets , which are
usually used only when necessary to move a large volume of traffic .
Most people do not like to be inconvenienced by one-way streets and he
does not recommend them unless there are not other reasonable
alternatives .
Nancy Christensen questioned whether 1st Avenue could be closed
completely between Sommerville and Holmes Streets similar to the
situation in Boulder , Colorado , where the whole street is used by
pedestrians .
Dick Krier commented that keeping only two lanes open on 1st Avenue will
provide much greater pedestrian access , but he sees a need to provide
parking on 1st Avenue to keep the structures to the north viable for
retail when rear parking is removed .
Discussion occurred on parking problems in general , including
commuter use of the parking lot at 2nd Avenue and Fuller Street .
Steve Clay stated he likes the idea of a walkway on Holmes and two lanes
of traffic with diagonal parking on 1st Avenue . He added that he would
like to see a loop for "U" turns for cars approaching the 1st Avenue and
Holmes Street intersection from the east .
Discussion was held on traffic in the vicinity of Lewis and Holmes
Streets between 1st and 3rd Avenues . A number of members expressed
feelings against upgrading 2nd Avenue for more traffic and felt it
should be used more as a service road and perhaps improved
asthetically.
Mr . Krier suggested that 2nd Avenue can be made to flow more smoothly
and aesthetically improved , but if it is not upgraded , neither Lewis or
2 •
Downtown Committee 12/20/83
Holmes Streets should be closed . He also stated that going from
parallel to angle parking can provide a 60 percent increase in parking
spaces , although some of that potential might be used instead for
pedestrian amenities . He stated a preference for 90 degree angle
parking as being the most efficient and allowing drivers to pull in from
either direction . This type of design ( 90 degrees) requires only a 2.4
foot two-way raodway surface .
Additional discussion was held on one-way street systems with the
concensus that this was not the wanted for the Shakopee Redevelopment
Project .
Discussion was also held on the making of 1st Avenue between Holmes and
Lewis a parking area . Comments and suggestions were made on various
additional parking facilities to the Downtown area .
Chrmn . Steil commented that Alternative B-1 , in his opinion ,
strengthened the economic well-being of the core with increased
retail , office and residential activity. He also stated that this
alternative preserved the history of the downtown area and utilized
the historic buildings . He commented on how this alternative seemed
to meet all the objectives . He stated that this plan really unified
the downtown area and liked the ideas of turning 1st Avenue between
Holmes and Lewis (or Sommerville) into a parking area .
Discussion was held on redeveloping the riverfront area .
Jerry Wampach stated that he, too, felt Alternative B-1 to be the best
approach and listed the objectives in a type of priority order , as he
saw them:
1 . Strengthen economic well-being of the core with increased
retail , office and residential activity.
2. Develop financial incentive packages.
3 . Compact core area and provide accessible shopping .
4 . Accommodate through traffic without detracting from existing
retail core .
5 . Provide adequate , accessible parking .
Mr. Wampach commented that he would not like to see Shakopee using a
one-way street system. He suggested that 2nd Avenue be used as a
service area with the use of an alleyway or service road . He stated
that parking on 1st Avenue would be a good idea and suggested that
cooperation with downtown employees for utilization of a separate
parking lot near their place of employment would lend more customer
parking accessibility.
Mr . Wampach questioned if the State Highway Department would have any
3
Downtown Committee 12/20/83
objections to the cul-de-sac or a turn around area on Highway 169/ 101
intersection . Ken Anderson , traffic consultant with Westwood
Planning and Engineering , stated he could not see where this would be
objectionable.
Lee Stoltzman stated the source for a downtown redevelopment project
has been obtained with AlternativeB-1 . He stated his opposition with
the closing of Lewis Street but liked the idea of closing 1st Avenue to
through traffic . He stated that economically something must be done
with 1st Avenue in order for the redevelopment project to proceed . He
also voiced his approval of the proposed diagonal parking on Lewis
Street.
Comments were made on the preservation and possible renovating of
historic buildings under Alternative B-1 .
Dick Krier stated that there is a good tax benefit available for
rehabilitating older buildings especially if the buildings were over
40 years of age .
Nancy Christensen stated her interest in the visual aspects of a
Downtown Redevelopment Program and voiced her opinion that a definite
sense of arrival should be included in the design concept. She also
suggested the tying in of some type of recreation use on the riverfront
area with some strong pedestrian crossings over 1st Avenue . She
suggested that further thought should be given to moving the
redevelopment area over to Sommerville . This could be a way of
expanding the downtown area .
Discussion was held . Ken Anderson stated that extension study went
into these alternatives and questioned that by moving another block to
the east , the possibility existed in spreading the downtown
redevelopment area too thin for the additional development
opportunities outlined in the Market Study .
Nancy Christensen urged that 2nd Avenue must be made a thoroughfare of
some sort and something must be done with this area which currently
detracts from the downtown area . If something is not done with 2nd
Avenue , the downtown area is still divided by the railroad .
Discussion was held on different ways to achieve a viable 2nd Avenue
area and create something from the railroad . Mr. Krier stated that
every intersection should be a vehicular crossing. He also stated
there is a definite need for a theme .
Mike Sortum encouraged the retail core to expand to the south and west
to tie in the institutional facilities with the retail core. He was
opposed to the closing of Lewis Street and stated he felt that the sense
of arrival had been created especially from the north, through
Alternative B-1 . He added that the tying of retail and institutions ,
would promote more office facilities.
4
Downtown Committee 12/20/83
Gary Laurent stated his approval of B-1 alternative . He stated the
importance of keeping a core area and had a concern with the committee ' s
apparent focus toward the east. He stated the core area as
established had room for growth. He questioned the possibility of
extending the main intersection coming from the north on Highway 169 to
Atwood , rather than Fuller ; such revision would then guarantee the
inclusion of Fuller Street into the redevelopment area , although he
thinks Fuller Street may be adequately included under the current
plan .
Bill Wermerskirchen stated his approval of Alternative B-1 and spoke
on better access to the riverfront area with a "tunnel" , or something
similar , to the riverfront. Discussion was held on this idea with Mr.
Krier stating that the tunnel idea , or something similar was extremely
expensive and the cost would not be equitable to the benefits.
Discussion continued on ways to promote access to the riverfront area .
Mr. Wermerskirchen gave his opinion as to how he considered the
objectives fitting into the Alternative B-1 plan . He voiced his
opposition to one-way streets. He also agreed that something must be
done to 2nd Avenue and to the railroad area and voiced his opposition to
the closing of Lewis Street but liked the idea of using the street for
parking area .
Discussion was held on designating areas on the design concept for
multi-family residential uses .
Martin moved to accept Alternative B-1 with the modified change of
Lewis Street remaining open .
Discussion was held on the designating of "housing" areas on the
Redevelopment Project Plan . Don Martin stated that he did not feel
qualified in determining any residential designation areas. Dick
Krier stated that multi-family housing is an important part of any
downtown redevelopment project and is just as necessary for this
project .
Motion died for lack of a second . Martin withdrew his motion.
Stillman/Clay moved to accept the concept of the B-1 alternative with
the multi-family housing , retail and institutional/office
designations and keeping Lewis Street open . Motion carried .
Clay/Topic moved to adjourn . Motion carried . Meeting adjourned at
9 : 30 A.M. Next scheduled meeting is for December 27th at 7 : 00 P.M.
with the City Council , Planning Commission and Industrial Commercial
Commission .
The consultants stated they would have the revisions to Alternative B-
1 available by Thursday, December 22nd so that packets could be
provided to all the members on Friday , December 23rd .
5
Downtown Committee 12/20/83
Don Martin
Secretary
Jane VanMaldeghem/Jeanne Andre
Recording Secretaries
6
Ni, WESTWOOD PLANNING & ENGINEERING COMPANY
October 14, 1983
City of Shakopee
Downtown Ad Hoc Committee
RE: Shakopee Downtown Revitalization
Dear
Enclosed are some initial analysis and assessment plans. We will be .
reviewing these in some detail during our Wednesday October 19th
morning meeting. We will also go over the data that was received dur-
ing our interviews with downtown merchants. We will also begin to
explore alternative plans for redevelopment.
Sincerely,
WESTWOOD PLANNING & ENGINEERING COMPANY
Jack Lynch, RLA
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WORK TASK DESCRIPTION
TASK . Prepare a detailed operations plan , land use program, traffic
and parking program, urban design standards and public
improvement plan
PURPOSE :
To graphically portray major development strategies 1
and issue resolutions and provide an operations schedule
ACTIVITIES : that can be implemented
C1 . 1 From the general land use plan , refine chosen overall
development plan which shows :
- building location - type of redevelopment
- parking and urban design theme
- street location
C1 . 2 Prepare redevelopment plan and supporting documents including :
- urban design standards
- objectives in accord with £15 273
- acquisition plan
- relocation plan
- budget
- funding sources , timing and policies
C1 . 3 Recommend changes in policy , regulatory and administrative pro-
cedures and capital improvement program
C1 .4 Review plan with Planning Commission and City Council
PRODUCT : Detailed operations plan , supporting documentation
and written recommendations
?ERSONNEL: Krier , Sullivan , Anderson
3ERSON DAYS :
PROFESSIONAL: 10 . 0
TECHNICIAN: 4 . 0
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C2 .0 WORK TASK DESCRIPTION
TASK • To prepare business promotional and development program .
PURPOSE : To provide a specific action plan and methods to promote
existing businesses and attract new businesses
ACTIVITIES :
C2 . 1 Identify and organize financing programs for new businesses or
existing businesses to expand , provide energy improvements and
business defensive strategies
C2 .2 Formulate a promotional program to attract new businesses to
the downtown
C2 . 3 Develop programs to improve . capacity of businesses to survive
and succeed in the face of vigorous outside competition
C2 . 4 Develop a joint downtown advertising program, including Iden-
tification of resources , timetables and specific action steps
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PRODUCT •
PERSONNEL: Krier , Rivard
PERSON DAYS :
PROFESSIONAL: 5 .0
TECHNICIAN:
29
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7415 WAYZATA BOULEVARD, MINNEAPOLIS, MINNESOTA 55426 (612) 546-0155
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•} • WESTWOOD PLANNING & ENGINEERING COMPANY
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C3 .0 WORK TASK DESCRIPTION
TASK : Prepare private public partnership implementation strategies
PURPOSE o To work with the Ad hoc Downtown Committee formulating
acquisition strategies , marketing strategies for rede-
velopers , public improvement schedule and program
ACTIVITIES :schedule and responsibility
ACTIVITIES :schedule
C3 . 1 Review alternative redeveloper marketing strategies with the
Ad hoc Downtown Committee
C3 .2 Organize chosen specific acquisition strategies into implemen-
tation programs
C3 .3 Review various alternative acquisition strategies and select
the most appropriate for specific sites with city staff
C3 .4 Develop an implementation work program and schedule , including
a critical path and diagram for redevelopment and public
improvement
i1 M
PRODUCT :
PERSONNEL: Krier , Sullivan
PERSON DAYS :
PROFESSIONAL: 3 . 0
TECHNICIAN :
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7415 WAYZ_ATA BOULEVARD, MINNEAPCLI5. MINNESOTA 55426 (6121 5367155 �I
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t '' WESTWOOD PLANNING & ENGINEERING COMPANY
C4 .0
WORK TASK DESCRIPTION
TASK : Provide specific implementation tools
PURPOSE : To provide the necessary documents and policies to
transcend from planning to implementation
ACTIVITIES =
C4 . 1 Prepare required relocation and acquisition policy manuals
C4 . 2 Prepare HRA operating policies for acquisition relocation ,
demolition and property management
C4 . 3 Prepare select redeveloper contact list
C4 .4 Prepare a suggested form of Redeveloper ' s Agreement and soli-
citation information for redeveloper ' s past record , financial
status and plan evaluation
C4 .5 Prepare rehabilitation estimating sheets and contracts
PRODUCT :
PERSONNEL: r
A
PERSON DAYS :
PROFESSIONAL:
TECHNICIAN:
31
7415 WAYZATA BOULEVARD, MINNEAPOLIS, MiNNE5OTA 55426 (812) 5460155
. \J 1
EXCERPT FROM
MARKET ANALYSIS
This market analysis has been completed to indicate the potential demand
of new er rehabilitated space for the following:
. Retail shopping space
. Office space
. Hotel/motel space
. Multi-family housing
Like any market analysis, this report makes judgements and assumptions based
on past trends and existing data. Additional and more detailed market work
should be accomplished for each market segment before construction plans are
finalized.
Summary:
. Household growth is expected to increase by 15% by 1990
. Personal income is expected to increase by $61.5 million dollars by
1990 and retail purchasing power is expected to increase by $26.3 million
dollars. A large portion of this purchasing power will be drawn outside
of Shakopee to the Regional Centers.
. Approximately 112,000 sq. ft. of space generated by the additional
purchasing power can be drawn to the City of Shakopee. The Downtown
(CBD) can compete for all of shoppers goods portion of this new space
and part of the convenience goods space. The primary market potential
rests with shoppers goods (clothing, furniture, general merchandising
goods, etc.) and with eating and drinking establishments.
. Assuming aggressive competition for new space and city policies which
direct new and rehabilitated development to the downtown, 72,500 sq.
ft. of new space, could be added and 21,400 sq. ft. of existing space
improved.
. Employment in the Shakopee area is projected to increase by 1990.
Employment is shifting to the service area. A net gain of 675 new
office employees are expected to be in the area by 1990.
. If parking, amenities, convenience and competitive rents are offered,
the Downtown could capture up to 48,000 sq. ft. of new or rehabilitated
office space. However, a more conservative estimate is between 24,300
sq. ft. and 32,000 sq. ft. of new or rehabilitated space.
. Unless gaming demands increase (race track and bingo) , there is rela-
tively little demand for new motel or hotel space in the city. Those •
gaming changes or a joint venture with the nearby Indian Tribe could
change the 'demand factor.
. Forty to fifty new multi-family housing units could be absorbed into the
Shakopee area in the next five years. The downtown can compete for part
of these new housing starts.
. In addition to new housing starts in place, sales of market rate
housing to existing single family elderly and empty nester residents
add to the potential for downtown housing.
. A target elderly-empty nester housing development of 100 units could
be supported in the downtown area.
. The average price range for housing should be about $73,300.
NOTE: The full report on the Market Analysis was prepared for
the Downtown Ad Hoc Task Force by Barbara Lukermann in November
1983 .
RESOLUTION CALLING FOR A PUBLIC HEARING
ON A PROPOSAL FOR A COMMERCIAL
FACILITIES DEVELOPMENT PROJECT
PURSUANT TO THE MINNESOTA MUNICIPAL
INDUSTRIAL DEVELOPMENT ACT AUTHORIZING
THE PUBLICATION OF A NOTICE OF THE HEARING
WHEREAS,
(a) Chapter 474, Minnesota Statutes,
known as the Minnesota Municipal Industrial
Development Act (the "Act" ) gives muni-
cipalities the power to issue revenue bonds
for the purpose of the encouragement and
development of economically sound industry
and commerce to prevent so far as possible
the emergence of blighted and marginal lands
and areas of chronic unemployment;
(b) The City Council of the City of
Shakopee (the "City" ) has received from
Minnesota Racetrack, Inc. , a corporation
organized under the laws of the State of
Minnesota (the "Company") a proposal that the
City assist in financing a project
hereinafter described, through the issuance
of its industrial revenue bonds (which may be
in the form of a single debt instrument) (the
"Bonds" ) pursuant to the Act;
(c) Before proceeding with consider-
ation of the request of the Company it is
necessary for the City to hold a public
hearing on the proposal pursuant to Section
474.01 , Subdivision 7b, Minnesota Statutes;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Shakopee, Minnesota, as follows:
1. A public hearing on the proposal of the Company
will be held at the time and place set forth in the Notice of
Hearing hereto attached.
V i
2 . The general nature of the proposal and an
estimate of the principal amount of bonds to be issued to
finance the proposal are described in the attached form of
Notice of Hearing.
3 . The City Clerk is authorized to prepare a draft
copy of the proposed application to the Minnesota Energy and
Economic Development Authority, State of Minnesota, for
approval of the project, together with proposed forms of all
attachments and exhibits thereto and to place it on file in his
office.
4. The City Clerk is hereby authorized and directed
to cause notice of the hearing to be given one publication in
the official newspaper and a newspaper of general circulation
available in the City, substantially in the form of the
attached Notice of Public Hearing.
Adopted by the City Council of the City of Shakopee ,
Minnesota, this 27th day of December, 1983 .
Mayor
ATTEST:
City Clerk
NOTICE OF PUBLIC HEARING
ON A PROPOSAL FOR A COMMERCIAL
FACILITIES DEVELOPMENT PROJECT
Notice is hereby given that the City Council of the City of
Shakopee, Minnesota will meet at City Hall in the City of
Shakopee, Minnesota at 7:15 o'clock p.m. on January 17, 1984, to
consider the proposal of Minnesota Racetrack, Inc. , a Minnesota
corporation, that the City assist in financing a project
hereinafter described by the issuance of commercial development
revenue bonds .
Description of Project
Racetrack and related facilities to be located at the
southwest quadrant of the intersection of County Road 83 and 4th
Avenue in the City of Shakopee.
The maximum aggregate estimated principal amount of bonds or
other obligations to be issued to finance this project is
$80, 000, 000. The project will be initially owned and operated by
Minnesota Racetrack, Inc.
The bonds or other obligations if and when issued will not
constitute a charge, lien or encumbrance upon any property of the
City except the project and such bonds or obligations will not be
a charge against the City' s general credit or taxing powers but
will be payable from sums to be paid by Minnesota Racetrack, Inc.
pursuant to a revenue agreement.
A draft copy of the proposed application to the Minnesota
Energy and Economic Development Authority, State of Minnesota, for
approval of the project, together with all attachments and
exhibits thereto, is available for public inspection beginning
December 27, 1983, from 8 :30 o'clock a .m. to 4: 30 o 'clock p.m. ,
Monday through Friday, at the City Hall in Shakopee, Minnesota.
At the time and place fixed for the Public Hearing, the City
Council of the City of Shakopee will give all persons who appear
at the hearing an opportunity to express their views with respect
to the proposal .
Dated this 27th day of December, 1983.
(BY ORDER OF THE CITY COUNCIL)
By/s/ Judith Cox
City Clerk
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