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EDA 07/22/02OFFICIAL FILE COPY CITY OF NEW HOPE EDA MEETING City Hall, 4401 Xylon Avenue North July 22, 2002 President W. Peter Enck Commissioner Sharon Cassen Commissioner Don Collier Commissioner Mary Gwin-Lenth Commissioner Pat LaVine Norby 1. Call to Order 2. Roll Call 3. Approval of Regular Meeting Minutes of May 13, 2002 4. Resolution Approving Letter of Intent to Work Collaboratively with Brookstone, Inc. on Potential Redevelopment of City Center Area and Authorizing Executive Director to Execute Agreement 5. Adjournment CITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 Approved EDA Minutes Regular Meeting CALL TO ORDER ROLL CALL APPROVE MINUTES IMP. PROJECT 707 Item 4 RESOLUTION 02-02 Item 4 May 13, 2002 City Hall President Enck called the meeting of the Economic Development Authority to order at 8:30 p.m. Present: W. Peter Enck, President Don Collier, Commissioner Mary Gwin-Lenth, Commissioner Sharon Cassen, Commissioner Pat LaVine Norby, Commissioner Motion was made by Commissioner Gwin-Lenth, seconded by Commissioner Cassen, to approve the Regular Meeting Minutes of April 8, 2002. All present voted in favor. Motion carried. President Enck introduced for discussion Item 4, Resolution Authorizing the President and Executive Director to Enter into a Redevelopment and Loan Agreement with Project for Pride in Living, Inc. for Funding of 7610 Bass Lake Road Redevelopment Project (Improvement Project No. 707). Mr. Kirk McDonald, Director of Community Development, stated the renovation of the 11-unit apartment complex will include exterior and interior improvements as well as site improvements. The building exterior will be completely renovated, including painting, the repair or replacement of the soffits, fascia, gutters and downspouts, brick and mortar repair, and the repair or replacement of the windows and exterior doors. The interior work will include updating the existing units in their present configuration. New cabinets, counters and appliances will be provided in the kitchens. The plumbing and electrical will be updated. The existing boiler will be inspected and replaced, if necessary. The walls will be repaired and painted and new carpeting will be installed throughout. The site improvements will include improved landscaping, the addition of a playground, resurfacing and expansion of the driveway, repair of walkways and the addition of garages. Mr. McDonald pointed out that the garages can be added without requiring a variance. Mayor Enck noted agenda items 4 and 5 both relate to this project. Mr. McDonald called attention to the funding sources for the $1.32 million project. Commissioner Collier introduced the following resolution and moved its adoption "RESOLUTION AUTHORIZING THE PRESIDENT AND EXECUTIVE DIRECTOR TO ENTER INTO A REDEVELOPMENT AND LOAN AGREEMENT WITH PROJECT FOR PRIDE IN LIVING, INC. FOR FUNDING OF 7610 BASS LAKE ROAD REDEVELOPMENT PROJECT (IMPROVEMENT PROJECT NO. 707)". The motion for the adoption of the foregoing resolution was seconded by Commissioner Cassen, and upon vote being taken thereon, the following voted in favor thereof: Enck, Cassen, Collier, Gwin- Lenth, Norby, and the following voted against the same: None; Abstained: None; Absent: None; whereupon the resolution was declared duly passed and adopted~ signed by the president which was attested to by the executive director. New Hope EDA Page 1 May 13, 2002 IMP. PROJECT 707 Item 5 RESOLUTION 02-03 Item 5 ADJOURNMENT President Enck introduced for discussion Item 5, Resolution Approving Financial Participation of the Heunepin County Housing and Redevelopment. Authority Affordable Housing Incentive Fund Program in the 7610 Bass Lake Road Redevelopment Project (Improvement Project No. 707). Commissioner Norby introduced the following resolution and moved its adoption "RESOLUTION APPROVING FINANCIAL PARTICIPATION OF THE HENNEPIN COUNTY HOUSING AND REDEVELOPMENT AUTHORITY AFFORDABLE HOUSING INCENTIVE FUND PROGRAM IN THE 7610 BASS LAKE ROAD REDEVELOPMENT PROJECT (IMPROVEMENT PROJECT NO. 707)'. The motion for the adoption of the foregoing resolution was seconded by Commissioner Cassen, and upon vote being taken thereon, the following voted in favor thereof: Enck, Cassen, Collier, Gwin-Lenth, Norby, and the following voted against the same: None; Abstained: None; Absent: None; whereupon the resolution was declared duly passed and adopted, signed by the president which was attested to by the executive director. Motion was made by Commissioner Collier, seconded by Commissioner Gwin- Lenth, to adjourn the meeting. All present voted in favor. Motion carried. The New Hope EDA adjourned at 8:37 p.m. Respectfully submitted, Valerie Leone City Clerk New Hope EDA Page 1 May13,2002 EDA REQUEST FOR ACTION Originating Department Approved for Agenda Agenda Section Community Development .~ 7-22-02 EDA Item No. By: Kirk McDonald By: 4 RESOLUTION APPROVING LETTER .~INTENT TO WORK COLLABORATIVELY WITH BROOKSTONE, INC. ON POTENTIAL REDEVELOPMENT OF CITY CENTER AREA AND AUTHORIZING EXECUTIVE DIRECTOR TO EXECUTE AGREEMENT REQUESTED ACTION Staff requests that the Economic DeveloPment Authority approve the attached resolution, which approved the enclosed Letter of Intent to work collaboratively with Brookstone, Inc. on the potential redevelopment of the City Center area. Staff has been coordinating with representatives from Brookstone over the past six months and desires to formalize the working relationship between Brookstone, Inc. and the City. POLICY/PAST PRACTICE In the past, the Economic Development Authority has approved Letters of Agreement to coordinate with specific developers on specific sites. For example, the City recently approved a non-binding resolution to coordinate with LivingWorks Ventures on the 5501 Boone Avenue site and is currently working with Navarre Corporation and Ahrens Trucking on the 9200 49th Avenue site. BACKGROUND City staff and several members of the City Council have met with several developers over the past year in an effort to generate interest in and to pursue the potential redevelopment of the City Center area. The developer that has met with staff on the most frequent and consistent basis over the past six months has been Richard Martens from Brookstone, Inc., the developer of the Golden Valley Town Square project. Staff is recommending that the Economic Development Authority now take steps to formalize this working partnership by approving the attached resolution and Letter of Intent. The steps that the City Council and EDA have recently taken on the potential redevelopment of the City Center area include the following: April 15 Council Work Session: Discussed outline of issues with staff, provided direction on formation of task force, discussed drafting of goals and discussed developers. May 13 Council Meeting: Approved submission of Opportunities Grant to Met Council for funding to assist with a Cit~ Center plannin~ stud},. / Request for Action Page 2 .. 7-22-02 May 20 Council Work Session: Reviewed/approved goal statements for City Center Task Force, authorized taking applications for task force and reviewed Opportunities Grant goals, timeline and costs. June/July: Task force applications being taken, continued meetings with financial and relocation consultants, continued meetings with developer and ongoing communications with major property owners in area. Although staff recently received word from the Met Council that the City Center Opportunities Grant was not funded, staff anticipates that the EDA will want to move forward with the task force and planning study and possibly reduce the cost of study and/or utilize EDA funds to cover the costs of the study. The attached Letter of Intent from Brookstone, Inc. requires no payment from the City to the developer and simply states that the two parties agree to work together over the next 12 months to develop plans, in conjunction with a task force, for the potential redevelopment of the City Center area. Key points of the agreement state that: · The New Hope Economic Development Authority hereby grants Brookstone, Inc. an exclusive right to negotiate with the City for the redevelopment of all or a portion of the City Center area for a period of 12 months, based upon moving forward collaboratively on the attached timeline and work program. · It is understood that if the parties are reasonably satisfied at the end of one year that the Letter of Intent may be extended or a formal agreement entered into, if appropriate. · The specific goal for redevelopment will be a broadly based mixed use project, including a variety of housing types and mixed use commercial, and to establish an inviting pedestrian friendly, village environment that has a strong gathering place attraction. · Both parties agree that they will work together in a collaborative manner, but have distinct responsibilities within the joint venture effort. · It is understood and agreed that the City will take financial responsibility to initiate the items included in the workplan. · It is understood that Brookstone will be responsible for providing input on planning and financial matters, will have no direct financial responsibility and will be paid no fees for their effort. Richard Martens from Brookstone, Inc. will be in attendance at the EDA meeting and will be available to answer questions. Staff recommends approval of the resolution approving the Letter of Intent and authorizing the Executive director to execute the agreement ATTACHMENTS · Resolution · Letter of Intent · Opportunity GrantJTimeline · City Center Redevelopment Goals · Developer Qualifications EDA RESOLUTION NO. 2002- RESOLUTION APPROVING LETTER OF INTENT TO WORK COLLABORATIVELY WITH BROOKSTONE, INC. ON POTENTIAL REDEVELOPMENT OF CITY CENTER AREA AND AUTHORIZING EXECUTIVE DIRECTOR TO EXECUTE AGREEMENT WHEREAS, the City has been coordinating over the past six months on an informal basis with Brookstone, Inc. regarding the potential redevelopment of the City Center area; and WHEREAS, the City desires to formalize this working relationship with Brookstone, Inc. as it moves forward to create a citizen's task force to study redevelopment options at 42nd and Winnetka Avenues; and ' WHEREAS, Brookstone, Inc. has successfully coordinated with other nearby cities in the past to accomplish mixed use redevelopment, such as the Golden Valley Town Square project in Golden Valley; and WHEREAS, WHEREAS, the New Hope Economic Development Authority hereby grants Brookstone, Inc. an exclusive right to negotiate with the City for the redevelopment of all or a portion of the City Center area for a period of 12 months, based upon moving forward collaboratively on the attached timeline and work program; and it is understood that if the parties are reasonably satisfied at the end of one year, that the Letter of Intent may be extended or a formal agreement entered into, if appropriate; and WHEREAS, the specific goal for redevelopment will be a broadly based mixed use project, including a variety of housing types and mixed use commercial, and to establish an inviting, pedestrian friendly, village environment that has a strong gathering place attraction; and WHEREAS, WHEREAS, WHEREAS, both parties agree that they will work together in a collaborative manner, but have distinct responsibilities within the joint venture effort; and it is understood and agreed that the City will take financial responsibility to initiate the items included in the workplan; and it is understood that Brookstone will be responsible for providing input on planning and financial matters, will have no direct financial responsibility and will be paid no fees for their effort. NOW, THEREFORE, BE IT RESOLVED by the New Hope Economic Development Authority that the Letter of Intent to coordinate with Brookstone, Inc. on a potential City Center redevelopment is hereby approved and the Executive Director is authorized to execute the agreement. Adopted by the Economic Development Authority of the City of New Hope, Hennepin County, Minnesota, this 22nd day of July, 2002. President Executive Director June 7, 2002 Mr. Kirk McDonald Community Development Director City of New Hope 4401 Xylon Avenue North NewHope, MN 55428 BROOKSTONE. INC. f .-'x.../' : , '- t:", ' : ; ' ;;' 7400 Metro Blvd.. Suite 212 Edina, Minnesota 55439 612,837.9167 phone 612,837.8010 fax Dear Kirk: I am very pleased to have the opportunity to work with the City of New Hope on the potential re- development of42n~ and Winnetka. While redevelopment of this type, in it's very nature, is extremely complex, I believe that the location, attributes of the area, and timing make this a potentially strong opportunity. This letter is being written to serve as a letter of intent between the City of New Hope and Brookstone, Inc. to collaboratively work together to bring this redevelopment to fruition. From our discussions, the salient issues I believe we should agree'upon are outlined below: 1. Project area - As shown on the attached plan, this includes both the northwest and southeast comers 42na and Winnetka. We recognize that the city is in discussion with a potential developer for the southeast comer, and it our clear understanding that the southeast parcel will be taken out of the letter of intent, if another developer moves ahead. 2. Letter of Intent Terms - The City of New Hope hereby grants Brookstone, Inc. an exclusive right to negotiate with the city for the redevelopment of this area for a period of twelve months from the date that both parties have entered into the letter of intent. It is our understanding that this will be based upon the parties collaborately moving forward on the established timeline, and that if both parties are reasonably satisfied at the end of one year, and the timelines have been reasonably met, the letter of intent will be extended or a formal agreement entered into if appropriate. 3..Goals - It is our goal to achieve the items listed in the timeline within the one year time period, and prior to the expiration of the one year, to establish other items that will be necessary to move forward with development and construction. While a master plan is part of the one year timeline, the vision we will be working encompasses a broadly based mixed use project including for sale and rental housing of medium to high density with mixed use commercial involving both for rent retail and office space, and some free standing retail uses, particularly in the retail food area. The goal will be to establish an inviting, pedestrian friendly, village environment, creating a gathering place that will put this comer on the Twin Cities map and be a strong attraction both for area and regional residents. REAL ESTATE ADVISORY SERVICES, INVESTMENT AND DEVELOPMENT During the ensuing year, both parties acknowledge that they will work together in a very collaborative manner, but that each will have separate and distinct responsibilities within that joint venture effort: a. City of New Hope i. Take financial responsibility and to initiate all items under the timeline. ii. Negotiate with the potential developer on the southeast comer. b. Developer i. The Developer will be responsible for providing input during the master planning, further financial analysis, tenant relocation efforts, etc. and to selectively participate in direct efforts such as meeting with tenant groups with regard to relocation matters. The Developer will have no direct financial responsibilities, but will be paid no fees for their effort. Again, we are excited about the opportunity to work together with the City of New Hope on this project. We would appreciate each party signing a copy of this letter below to serve as our agreement. Yours very truly, Richard Martens President By: (Sign hcrc) Date: Mr. Daniel J. Donahue ~ By: Richard Martens For the City of New Hope Brookstone, Inc. Date: Livable Communities Demonstration Account of the Metropolitan Livable Communities Fund OPPORTUNITY GRANT APPLICATION - 2002 COVER SHEET Project Name Applicant Project Location (city) Address (street boundaries) Project Size (acres) Contact Person NAME ADDRESS PHONE FAX E-MAIL City Center Redevelopment Project City of New Hope New Hope ~ mile radius around the intersection of 42nd and Winnetka Avenue Kirk McDonald, Community Development Director Erin Seeman, Community Development Intern 4401 Xylon Avenue North 763/531-5196 763/531-5136 eseeman@ci, new-hope, mn. us PROJECT SUMMARY New Hope is proposing a redevelopment effort for the areas surrounding the 42nd and Winnetka intersection. This project will include a mixed use design integrating life cycle housing with commercial development. Grant funds will be used to prepare a master plan and redevelopment strategy for this cdtical area of New Hope. 1. THE SITE a. Land Use Map 1 illustrates the City Center study area. May 2 illustrates the current land uses within the City Center. The shopping centers and several of the freestanding commercial sites within the City Center area display declining conditions including poor building appearance, vacancies, incompatible tenant' mix, and erratic commercial land use patterns. The School District administrative offices are being vacated due to building environmental issues and their existing bus garage is an industrial use out of place with the City Center area. These characteristics detract from the City's identity and do little to draw people to the City Center. Past market studies suggest that New Hope's retail trade areas are being reduced in size due to new commercial growth in Plymouth, Crystal, and Maple Grove. The changing market conditions have resulted in the loss of four grocery stores since 1990 and numerous vacancies. The market studies suggest an over supply of retail floor space. b. Transit The City Center is served by Metro Transit (see Map 2). This area has access to both express commuter lines and local bus service. c. Anticipated Changes In light of current conditions, the City anticipates a mixed land use redevelopment concept that will reduce the scale and modernize the City's commercial areas and will integrate medium and high density housing to support the new commercial areas. The City Center redevelopment efforts will incorporate both mass transit and trail components into the master plan to de- emphasize the reliance on automobile traffic and to reduce parking demands in the area. 2. PROJECT DESCRIPTION a. Project Goals The New Hope Comprehensive Plan identifies the City Center area for redevelopment. Current events surrounding several of the City Center key properties suggest that the timing is dght to undertake aggressive redevelopment efforts now. The events include: Kmart bankruptcy and potential store closing. Wells Fargo purchase of Marquette Bank will close the main Marquette Bank office in the Winnetka Shopping Center. School District administration office will be vacated due to building environmental issues. The aforementioned events may provide a window of opportunity to acquire and assemble these key properties for redevelopment. A delay in City action will result in lost opportunity or subsequent higher redevelopment costs in the future. The project goal is the creation c~f a mixed use redevelopment master plan and redevelopment strategy will re-establish and revitalize the New Hope City Center as the City's focal point for community services and activities. This plan will reduce the scale and modernize the City Center's commercial areas and introduce urban housing options to the area that will support the new commercial development while addressing community-wide housing needs. The plan must recognize the financial implications of redevelopment, and produce an urban density and design that will make the project financial practical b. Tasks and Outcomes In the past, the City has addressed redevelopment on a site-by-site basis as the result of limited resources. This grant award would allow the City to focus on the entire City Center area. It will allow the City to coordinate and integrate many planning efforts within the area. Specifically, a few products of a grant award include: Development of a cohesive master plan for the City Center redevelopment area. Design and preparation of redevelopment site plans for targeted areas, including the 32 acre City Center site and the 17 acre Robbinsdale School District site. Financial feasibility analyses that will indicate to the City the costs of redevelopment and types of financing needed to complete the project. Establishment of neighborhood redevelopment plans that will address housing redevelopment, transit improvements, streetscapes, and other items identified by the residents and business owners to improve the livability of their neighborhoods. Update City zoning standards to establish performance standards for urban densities necessary to make redevelopment feasible. c. Timeline Task Start Date End Date Completed by Whom? * Task Force Appointment 8/1/2002 8/13/2002 City Council Start Up Task Force 8 or 9/2002 8 or 9/2002 Task Force, City staff, Gourlay, NAC Meeting Financial Analysis 8/1/2002 10/31/2002 Krass Monroe, City staff, NAC, Brookstone, Evergreen Study Area Issue 9/1/2002 10/31/2002 City staff, NAC, BRA, Brookstone Identification Task Force Meeting 11/2002 11/2002 Task Force, City staff, Gourlay, NAC Meeting with Property 11/1/2002 12/31/2002 City staff, NAC, Evergreen Owners Task Force Meeting 1/2003 1/2003 Task Force, City staff, Gourlay, NAC, Brookstone Master Planning 1/1/2003 3/31/2003 Task Force, Brookstone, NAC, BRA (4 Task Force meetings) Open House 4/2003 4/2003 Master planning consultant, City staff, NAC, Brookstone Final Plan ~ 4/2003 4/2003 Ci~Council Implementation Strategy 4/1/2003 6/30/2003 Krass Monroe, NAC, Brookstone Ordinance, TIF District * The project team members are identified in Section 3.6 of this grant application. .3. PROCESS AND PARTNERSHIPS a. Local Involvement Community Officials and Staff. City staff will guide the planning and redevelopment studies, and work in cooperation with the Mayor and City Council to accomplish the goals set out in this proposal. Staff will use consultants to complete a majority of the tasks and provide professional assistance with the technical aspects of the planning. Public Involvement. The City Council and staff believe broad citizen input and support is essential as the City begins to explore redevelopment of the City Center area. The public participation is envisioned to include a task force of about 15 individuals to study the area and formulate broad concepts for redevelopment. A primary goal of any redevelopment in the area will be to retain as many existing businesses as possible. The work program anticipates at least one task force meeting every two months of the redevelopment process. These meetings may occur more frequently once the master planning begins. The work program includes meetings with the property owners to solicit interesting the redevelopment process. At the conclusion of the master plan, an open house will be conducted to present the plan for public review. When the redevelopment plan moves to implementation, public hearings will be required to amend the Comprehensive Plan, zoning map, and the Zoning Ordinance text. b. Project Team The City has had good experience working with the following consultants and would propose to use their services with the City Center planning and redevelopment studies: Krass Monroe (financial, tax increment plan) Evergreen Land Services (acquisition, relocation) Amy Gourlay Center of Dispute Resolution at Hamlin University (facilitator) Northwest Associated Consultants, Inc. (meeting facilitator) Bonestroo, Rosene, Anderlik and Associates (engineering) Brookstone Inc. (developer) Master Planner (to be named) Jensen, Swanson, and Sondrall PA (legal) These firms have worked with the City before on a wide variety of projects, a few of which include the Hope Village Redevelopment Study, Comprehensive Plan Update, Housing Action Plan, and Transportation Plan. These plans have all been reviewed and approved by the Metropolitan Council. c. Partnerships The City will work in partnership with the Robbinsdale School District, particularly with the planning efforts for its property within the City Center redevelopment area. It is expected the City will work in partnership with other private and non-profit developers to determine the feasibility of development concepts and seek recommendations on how to proceed. In the development stages, these partnerships would be further developed to implement the goals and plans for the City Center redevelopment area. The City will seek a private/public sector partnership's agreement with Brookstone Inc. and/or other developers a private land development company as a means of having a tested firm available to participate in the redevelopment planning process with the ability to implement the ultimate redevelopment plan. 4. FUNDING REQUEST a. Total Amount Requested $38,250.00 b. If fewer dollars are available than requested, components in your request. how would you prioritize the Activities listed for priodty funding: Master Planning/Design Guideline Financial Feasibility / TIF District Creation Process and Meeting Facilitation Zoning Ordinance Amendment Issue Identification / Study Area Inventory c. How would a smaller grant affect your ability to move the project forward? The City will need to reduce the scope of the project perhaps focusing on just the immediate target sites and foregoing the design and redevelopment option for the balance of the City Center area. The City may also need to investigate options that reduce the scope of public participation in the project. d. What could not be accomplished in the project but for receipt of an Opportunity Grant? The project has a current window of opportunity due to current conditions affecting a number of key properties. The City does not have the funds to immediately undertake the range of tasks necessary to facilitate redevelopment in this critical area of the City. Without some funding from the Opportunity Grant, the project may be delayed, losing opportunities to act when conditions are right. This may jeopardize the project feasibility and increase redevelopment costs in the future. ATTACHMENT A OPPORTUNITY GRANT APPLICATION FINANCIAL SUMMARY - SOURCES AND USES Total Amount Requested: $38,250.00 Task or Activity Opportun. ity Amount of Source Grant Funds Local Requested Funds Process and Meeting Facilitation $4,500.00 $2,250.00 EDA Funds / General Fund Planning Dollars Financial Analysis/TIF District $30,000.00 $15,000.00 EDA Funds / General Fund Planning Dollars Issue Identification/Study Area Inventory $4,000.00 $2,000.00 EDA Funds / General Fund Planning Dollars Meeting with Property Owners $2,000.00 $1,000.00 EDA Funds / General Fund Planning Dollars Master Planning/Design Guidelines/ $32,000.00 $16,000.00 EDA Funds / General Including Land Surveying Fund Planning Dollars Zoning Ordinance Amendments $4,000.00 $2,000.00 EDA Funds / General Fund Planning Dollars PROJECT TOTALS $76,500.00 $38,250.00 NEW HOPE CITY CENTER REDEVELOPMENT GOALS BACKGROUND The 42~ Avenue / Winnetka Avenue intersection and the commercial land use area extending east along 42~ Avenue is identified by the Comprehensive Plan as the City Center. The focal point of the community for government services, community retail, and commercial services. The New Hope City Center is intended to contribute to New Hope's identity and sense of place. However, some of the shopping centers and freestanding commercial sites within the City Center area display a declining image due to building appearance, vacancies, incompatible tenant mix, and erratic commercial land use patterns. These characteristics detract from the City's desired identity and provide little contiguity or business interchange between the local businesses. As demonstrated through a number of market studies, the decline in New Hope commercial areas is reflective of changing retail market conditions. These studies indicate that New Hope retail trade areas are being reduced in size with the development of new commercial space in Crystal, Plymouth and Maple Grove. Due to these changing market trends, the City lost each of its four grocery stores since 1990 and is experiencing vacancies in many of its commercial facilities. The market studies suggest an over supply of commercial floor space. The New Hope Comprehensive Plan recognizes these existing conditions and outlines the policies and recommendations for the redevelopment of the New Hope City Center. In light of current market conditions, the bankruptcy of K-Mart and conditions surrounding the School District administrative offices, the New Hope City Council has determined that the time is right for aggressive efforts to be taken in order to facilitate a positive change in the City Center. In this respect, the City Council will pursue a public sector/private sector partnership to facilitate redevelopment within the New Hope City Center. REDEVELOPMENT GOALS In examining the City Center, the City recognizes the need for large scale mix land use redevelopment that accomplishes the following goals: General Goals 1. Establish a sense of place and a unifying theme that connects and inter-relates the entire City Center. Streetscape. Architectural guidelines. Sidewalk and pedestrian trail corridors. Complementary land use patterns. An attractive and exciting mix of businesses that will draw community residents to the City Center. A village focal point for the community. The City Center redevelopment shall be integrated with the surrounding neighborhoods to encourage community residents to patronize the City Center: Design theme. Pedestrian/bicycle connections. User friendly parking. Business interchange. Exciting retail/service businesses. City Center Designs shall take advantage of in place amenities that contribute to the City Center sense of place: ao City Center Park, City Hall, swimming pool. YMCA. Gethsemane Cemetery, perpetual green space. Area wetlands and ponds. Pursue land use densities and values that make redevelopment financially feasible. This will require flexibility from current zoning standards related to setbacks, density, parking, green space, and building height. Retain or pursue commercial and residential products that are needed and/or lacking within the City of New Hope. Commercial Reduce the volume of retail commercial space to a scale that is supportable within local retail markets. Retain existing local businesses that will contribute to the commercial accumulative attraction of the City Center. Add businesses that contribute to the drawing power of the City Center. New commercial retail and service development shall be designed in a concentrated and interrelated manner that economizes on land area, shares parking, provides easy access and promotes a high level of business interchange. o o New Hope will require commercial architectural performance standards that will assure an attractive, functional, and durable commercial buildings. The commercial area will be designed to provide safe and convenient pedestrian movement, including access to persons with disabilities into and throughout the City Center. The City Center designs shall provide accommodation for transit stops that makes the City Center more accessible to the non-motorists. The commercial development shall be of a quality and quantity to make the redevelopment concepts financially feasible. Residential Provide market rate life cycle housing alternatives, townhomes, condominiums, and apartments. Examine the necessary densities to make the project financially feasible. Establish high urban housing densities along with performance standards to provide quality housing products and a variety of housing types. The City will provide flexibility from current housing zoning standards related to setbacks, density, parking, and building height to produce housing densities that will make the redevelopment financially feasible. The City will require redevelopment deigns that create attractive urban neighborhoods that include housing amenities such as decks, open space, gathering areas, recreational amenities, pedestrian ways, landscaping, and green space. The new neighborhoods shall be integrated with the older established neighborhoods and new commercial redevelopment. Transportation Implement strategies that reduce parking requirements including reduced parking ratios, shared parking, mass transit accommodation, trails and sidewalks in order to economize in buildable land area and reduce the scale of office street parking lots. Coordinate City Center redevelopment plans with regional mass transit. Utilize streetscape improvements as a unifying design theme throughout the City Center. Integrate sidewalks, transit stops, and rest areas into the streetscape design. Require pedestrian connections between the streetscape trails and the new commercial and housing areas. RICHARD V. MARTENS PERSONAL Bom College Degrees Family July 26, 1946, Winnipeg, Manitoba, Canada B.A. (Honors Economics)- 1969 M.A. (Economics)- 1970 Wife, Carole and two children, Richelle and Joel; two grandchildren, Jordan and J,~smine CAREER HISTORY 19.70-1971 1971-1972 1972-1973 Economist, Bank of Montreal, Montreal Economist, Manitoba Government, Winnipeg Marketing Coordinator, Bank of Nova Scotia, Winnipeg Regional Office 1973-1975 1975-1976 1976-1978 1978-1987 1987-1995 1995-1997 Currently Property Manager & Leasing Agent, Winfield Developments, Ltd., Winnipeg Development Coordinator, Winfield Developments, Ltd., Winnipeg Saskatchewan Regional Manager, Winfield Developments, Ltd., Winnipeg Executive Vice President (Senior Local Officer), Winfield Developments, Inc., Minneapolis President, Marcor Properties, Inc., Minneapolis President, Brookstone Real Estate Services, Minneapolis Vice President of Development, United Properties, Minneapolis President, Brookstone, Inc., Minneapolis REAL ESTATE EXPERIENCF Development: Personally directed the development of 50 buildings in 30 retail, industrial and office projects over the past 28 years. Acquisition: This has involved the acquisition of several buildings totaling over 100,000 square feet, and the creation of related partnerships. In addition to commercial projects this has also included one major apartment complex. Financing: Responsibilities in this area have involved permanent and construction loans in excess of $100,000,000 and equity capital of approximately $20,000,000. _Acc~uisition: This has involved the acquisition of several buildings totaling over 100,000 square feet, and the creation of related partnerships. In addition to commercial projects this has also included one major apartment complex. Financing: Responsibilities in this area have involved permanent and construction loans in excess of $100,000,000 and equity capital of approximately $20,000,000. Construction: This has involved the direct construction of or supervision of construction personnel on approximately 2,000,000 square feet. Lea'sing and Property Manager: Over the'past 29 years, four to five years involved direct responsibilities for managing and leasing all new and existing space. Direct leasing experience involved approximately 500,000 square feet. During other times, this has involved supervision of leasing and management personnel. ~: Experience includes extemal land sales, and overseeing investment sales. .Consulting: This has involved contracts with cities, private land and building owners and investor groups. .Edinborou.qh Proiect and Award: Directed, together with several other developers, the creation of the $80,000,000 Edinborough mixed-use, public/private joint venture. Personally received the Minnesota Real Estate Journal 1986 "Success Story of the Year" Award for this effort. Public Sector Financing: Through personal investment, significant public sector tax increment financing has been secured through the negotiation of related development agreements. _Asset Management: As the president of several corporations that act in a general partner capacity and a consulting basis. Extensive experience has been accumulated overseeing the daily affairs and ongoing strategies of a number of Partnerships owning office, retail and industrial projects in the Twin Cities and other markets. Considerable experience has also been gained in managing land assets, involving valuation, govemmental negotiations and planning, marketing, environmental and other site issues. CURRENT ACTIVITY Recently completed three new developments: a 40,000 square foot mixed-use project, Golden Valley Town Square; a 50,000 square foot multi-tenant industrial project in Elk River; and Golden Valley Professional Center, a 30,000 square foot multi-tenant office facility. Golden Valley Town Square, which combines retail, office and production space in one 3-story building, is a part of a broader mixed- use project that also includes 130 for sale residential units and 25 affordable rental units. Elk River Business Center is the first phase of a new 40-acre business park. In addition, several development and other commercial real estate tasks are currently underway for third-party clients. We also recently completed a 75,000 square foot build-to-suit project for Associated Wood Products. National Association of Industrial and Office Parks (NAIOP) NAIOP is an active national group of real, estate developers and associated companies. The Minnesota Chapter is comprised of almost 200 companies and over 400 individuals. Extensive education and personal recognition has been gained both through active attendance over the past 15 years and through active participation, serving as president in 1984. Minnesota Shopl3in~ Center Association (MSCA) MSCA is a similar group with professionals serving the shopping center industry. Served as president in 1994. PROFESSIONAL AND FINANCIAL REFERENCES Valerie Trudeau Vice President Premier Banking Wells Fargo Bank, MN 6th and Marquette Minneapolis, MN 55479 612-667-6550 Edward Schoenecker Vice President Commercial Real Estate Wells Fargo Bank MN Old St. Anthony Office 425 East Hennepin Avenue MAC grN9345-011 Minneapolis, MN 55414-2060 612-667-2654 Jane McCrossan Vice President C.S. McCrossan, Inc. Box 1240 Maple Grove, Mn 55311-6240 763-425-4167