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HRA 1984 09 27AGENDA REGULAR MEETING Chanhassen Housing and Redevelopment Authority Thursday, September 27, 1984 Chanhassen City Hall, 690 Coulter Drive City Council Chambers 7:30 p.m. 7:30 p.m. 1. Call to Order. 2. Approve Minutes of August 2, 1984 meeting. 3. Presentation of West 79th Street /Railroad Crossing Traffic Study: BRW, Inc. 4. Approve Leases for space in old Instant Web Building: a. Minnetonka, Inc. b. E.A. Sween Company c. Chanhassen American Legion Post #580 5. Downtown Redevelopment Project: Review Preliminary Draft of Developer "Request for Proposal ". 6. Review Proposed 1985 Operating Budget. 7. Approval of Bills. 8. Old Business. 9. New Business. 10:00 p.m. 10. Adjournment. MINUTES CHANHASSEN HOUSING AND REDEVELOPMENT AUTHORITY REGULAR MEETING AUGUST 2, 1984 Call to Order Chairman Whitehill called the meeting to order at 7:30 p.m. Present were Commissioners Bohn, Horn, Swenson, and Whitehill. Robbins was absent. Executive Director Martin was also present. Oath of Office - James Bohn Commissioner James Bohn took the Oath of Office of HRA Commissioner. Election of Officers Swenson moved, seconded by Whitehill, to elect the following Commissioners to serve as HRA officers during the 1984 -1985 HRA year: Chairman: Commissioner Whitehill Vice - Chairman: Commissioner Horn Secretary: Commissioner Bohn All voted in favor and the motion carried. Approval of Minutes Horn moved, seconded by Bohn, to approve the minutes of the April 19 and May 17, 1984 meeting as presented. All voted in favor and the motion carried. Approval of Old Instant Web Building Leases Bohn moved, seconded by Horn, to approve the following leases for the rental of storage space in the Old Instant Web Building: Minnetonka, Inc.; Gopher Equipment, Inc.; and Dermatone Laboratories, Inc. All voted in favor and the motion carried. Community Recreation Facilities Committee Status Report Don Ashworth, City Manager, presented a brief status report con- cerning the work of the Community Recreation Facilities Committee. He advised the Board of the Committee's continued interest in renovating a part of the Old Instant Web for public recreational use in combination with a privately owned and operated Bowling Center. Ashworth explained that several meetings had been held during the past three months with a prospective Bowling Center operator who has shown a great deal of interest in such a project. He distributed a report prepared by BRW, Inc. which outlines cost estimates and potential design layouts for renovation of the rear portion of the building, as compared to the cost of building a new, freestanding Bowling Center. Chanhassen HRA Minutes August 2, 1984 Page 2 The Board encouraged staff to attempt to negotiate an agreement with the Bowling Center developers as soon as possible and also encouraged the Community Recreation Facilities Committee to move ahead with their plans to determine project feasibility. Downtown Redevelopment Project: Developer Solicitation Alternatives The Board discussed several alternative approaches for soliciting Downtown Redevelopment proposals from developers during the next few months. The Board agreed that a formal "request for propo- sal" (RFP) be prepared that outlines the various elements of the adopted Downtown Redevelopment Program and establishes a time- table for the review of proposals. The RFP should include the entire Downtown Core Area, with special emphasis on the old Instant Web Building and site. The Board also agreed that the RFP should include a statement regarding the City's willingness to clear and prepare Downtown Redevelopment sites (including the Instant Web site) for new retail and office construction. Martin was directed to prepare a preliminary draft of an RFP for review by the Board during the September meeting. Approval of Minutes Horn moved, seconded by Whitehill, to approve the bills for June and July, 1984, as presented. All voted in favor and the motion carried. Old Business Martin reported that the previously authorized traffic study for the Proposed West 79th Street /Downtown Railroad Crossing was currently underway and would be completed by mid September. The consultant's report should be available for presentation during the September meeting. Adjournment Bohn moved, seconded by Swenson to adjourn the meeting at 9:25 p.m. All voted in favor and the motion carried. 3. CHANHASSEN HOUSING & REDEVELOPMENT AUTHORITY 690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317 ,u -• (612) 937 -1900 MEMORANDUM TO: Chanhassen Housing and Redevelopment Authority FROM: Scott A. Martin, Executive Director *A DATE: September 21, 1984 SUBJ: West 79th Street Traffic Study Attached for your review are the preliminary results of the West 79th Street Traffic Study authorized by the Board on May 17, 1984. You may recall that the purpose of this study was to determine the need for a new at -grade railroad crossing between West 79th Street and the Downtown Area. The study concludes that, even with full commercial development along West 79th Street, traffic operations at the TH 101 (Great Plains Blvd.) and West 79th Street intersection will function at an acceptable level of service if turning lanes are added and the intersection is signalized. This finding makes it very difficult to substantiate our case before a MnDOT hearing examiner for a new railroad crossing based upon traffic congestion. The author of the traffic study will be at next week's meeting to make a brief presentation and answer your questions. Attachments 1. Copy of BRW Traffic Analysis Memorandum dated September 20, 1984. 2. HRA Minutes dated May 17, 1984. BENNETT RINGROSE. WOLSFELD. JARVIS. GARDNER. INC. September 20, 1984 PLANNING TRANSPORTATION ENGINEERING ARCHITECTURE THRESHER SQUARE • 700 THIRD STREET SOUTH • MINNEAPOLIS. MN 55415 • PHONE 6121370 -0700 TO: Mr. Scott A. Martin, City of Chanhassen 690 Coulter Drive Chanhassen, MN 55317 FROM: Nancy Heuer, P.E. David M. Warner, P.E. MEMORANDUM Community Development Director '' ;ITY OF CHIANHASSEN SUBJECT: West 79th Street Area Traffic Analysis SEP 211984 O'aR 311 9 GEVELOF�ie�JT O i' The purpose of this study is to analyze the effect of future development on traffic patterns in the West 79th Street and TH 101 area. The proposed link between the Downtown Core Area and the commercial area along West 79th Street is expected to affect traffic west of TH 101, therefore the area east of TH 101 has not been included in this study. DATA COLLECTION Two -way traffic counts were recorded from July 24 to July 26, 1984, on both TH 101 and West 79th Street. P.M. peak hour turning movements were recorded manually, at the intersection of TH 101 and West 79th Street on July 25, 1984. Other information available included 1983 average daily traffic volumes from Mn /DOT and land use data from the City of Chanhassen. TRAFFIC PROJECTION The area which contributes trips to West 79th Street is bounded on the south by TH 5, on the east by TH 101 and on the north and west by the Milwaukee Railroad tracks. Approximately 6.7 acres is currently developed with a mix of commercial uses. Almost 14 acres remains for future development. The daily traffic volume measured on West 79th Street was 5,800 vehicles per day. This is in line with typical trip generation rates for the existing land uses. It was assumed that future development would be similar to the existing development and would generate traffic at the same average rate. MINNEAPOLIS DENVER BRECKENRIDGE PHOENIX r- Mr. Scott A. Martin September 20, 1984 Page 2 Application of the existing generation rate to the undeveloped land resulted in an additional 13,000 vehicles per day, for a total of 18,800 vehicles per day. This represents the projected traffic volume on West 79th Street when the adja- cent area is fully developed. It was assumed that full development would occur in 20 years. An annual growth rate of three percent was assumed for through traffic volume on TH 101. A combination of the two growth patterns results in a projected year 2004 (20 year) average daily traffic volume of 11,700 vehicles per day on TH 101 near the West 79th Street intersection. The measured peak hour turning movements at the intersection of TH 101 and West 79th Street are shown in Figure 1. The West 79th Street volumes were compared to the existing daily volume and the resulting factors applied to the projected daily volume, to distribute the projected peak hour volumes to the intersection approaches. The through movements on TH 101 were again assumed to increase three percent annually. The resulting projected volumes are shown in Figure 2. CAPACITY ANALYSIS The capacity of a street system is usually limited by the capacity of its inter- sections. The intersection capacity at TH 101 and West 79th Street was analyzed using the critical movement method, to determine the level of service which would occur at the intersection under various conditions. The level of service is used as a measure of the ability of the intersection to accommodate the traf- fic flows. Level of service is rated from A to F, 11A11 representing little or no delay to vehicles and 11F11 representing occassional, substantial delay during the peak hour. Level of Service '1D" represents average delay to vehicles and is considered acceptable for peak period urban situations. Capacity analysis conducted for the intersection under the existing volume and geometric conditions, resulted in level of service "A11 on TH 101 and 11811 on West 79th Street. Analysis was then done for various other conditions, including signalization and the addition of right -turn lanes to eastbound West 79th Street and southbound TH 101, and a left -turn lane to northbound TH 101. The following summary shows the progression from the existing Level of Service 1B11 to over capacity operation, due to increased traffic volumes. I L Mr. Scott A. Martin September 20, 1984 Page 3 Level of Service Year Attained Assumed Condition Development Geometry Signalization B Existing Existing Existing No C 1985 Partial Added Turn No Lanes D 1989 Partial Added Turn No Lanes E 1993 Partial Added Turn No Lanes Over Capacity 2000 Partial Added Turn No Lanes A 2004 Full Added Turn Yes Lanes Signal Warrants Although a traffic signal would improve the level of service significantly, a signal should not be installed unless the intersection meets warrants defined by the Federal Highway Administration in the Manual of Uniform Traffic Control Devices. These warrants have also been adopted by the Minnesota Department of Transportation. At the projected traffic volumes, the intersection would meet the minimum vehicular volume warrant in 1991. Storage Requirements Because the intersection of TH 101 with TH 5 is less than 300 feet from its intersection with West 79th Street, it is critical to avoid interference between the two intersections. The signal cycle was adjusted to give more green time to TH 101, shortening the storage length required by vehicles waiting at the signal. This would reduce the average number of vehicles waiting on both south- bound and northbound TH 101. The resulting storage lengths are shown below. TH 101: Northbound Left -Turn Lane - 95 feet Southbound through lane - 85 feet West 79th: Eastbound right turn lane - 340 feet Under these conditions, it is unlikely that vehicles waiting on TH 101 would interfere with operation of the intersection of TH 101 and TH 5 or the railroad crossing. It is likely that driveways located within the 340 foot storage area on West 79th Street would occassionally be restricted by waiting vehicles. r' I Mr. Scott A. Martin September 20, 1984 Page 4 SUMMARY The analysis shows a very high 20 year projected volume on West 79th Street, for a two lane roadway. Because the street ends in a cul -de -sac, the volumes will be lowest at the cul -de -sac and increase to the projected volume at the inter- section with TH 101. Traffic volumes on TH 101, which are now approximately equal to those on West 79th Street, are not expected to increase as quickly. The projected volumes result in very high turning movements to and from West 79th Street and low level of service for the unsignalized intersection. If development occurs as projected over a 20 -year period, the intersection at TH 101 and West 79th Street will operate at an acceptable level of service until 1993 if the recommended turn lanes are added, but the.intersection is not signa- lized. Capacity analysis of the intersection indicates a signal will be required in the future. Although this signal can be installed without inter- fering with the railroad crossing or the TH 5 and TH 101 intersection, the interaction between the three locations will require very delicate signal timing. It has not been determined whether the signal at TH 5 will interfere with the West 79th Street and TH 101 intersection. L JOB / SHEET NO. - MADE BY �,,A DATE .7G'CS �- _ JOB NO.—.. CHECKED BY DATE SEC. SHT. NO. MINNEAPOLIS CHEYENNE DENVER CALCULATIONS FOR��' /�–^ M _�Y %>E41c #6u7Z. N 7r� ¢' n 5 acv rpm Q �8 (TLYJ /9L'f CDUA,TS) 'n m olx: ZH Nc N y � N / > 67 s B N N FI " 7>/RlFC-r/c A,.d(a GRlC.�, b N N G7'Y� Q N1 L i PIV 1CRK HOUR FIUv�E 1 [plilci®y MINNEAPOLIS CHEYENNE DENVER - Q �90 W,'101T4 ST. 545- ZZL° 3zo -y O �T In 9 c� N JOB � ,'r% P < ' G i P I' .Q,, SHEET NO. MADE BY 1,L+ DATE R' ° - =`" JOB NO. 40 CHECKED BV DATE SEC. SHT. NO. CALCULATIONS FOR GFI PM PEAK {OU Z 20 YEA P2oaE T'cL7 \/o _U M E 00, DJ,1L� ?(cam Ec tD Vo'�Ur�c 7, 7. i T It I... M wo II 6Tnil M C= FIGURE 3 -/7 Preliminary Analysis A U)7 J./. 9?Z-/ 64- F-1 lnpwll MINUTES Chanhassen Housing and Redevelopment Authority Regular Meeting May 17, 1984 Vice - Chairman Horn called the meeting to order at 7:30 p.m. Present were Commissioners Bohn, Horn, and Robbins. Commissioners Swenson and Whitehill were absent. Executive Director Martin was also present. Development Incentive Payment: Larry Zamor This item was tabled by the Board on April 19, 1984 in order to give Mr. Zamor an opportunity to obtain a conservation easement from the owner of Lot 2, Zamor Addition (Prairie House Restaurant site). Mr. Zamor was present and explained that he was unsuccessful in his attempt to acquire the easement. The owner of Lot 2 (Ted Korzenowski) said that providing the easement would "entail substantial time and effort on my part because of Small Business Administration and bank financial restrictions." Therefore, Mr. Korzenowski declined to grant the easement to the City. Robbins moved, seconded by Horn, to authorize the Executive Director to make a $7,500 Development Incentive Payment to Lawrence Zamor for construction of the Prairie House Restaurant on Lot 2, Zamor Addition, based upon the Board's previous alloca- tion of funds for this purpose on November 15, 1979. All voted in favor and the motion carried. Downtown Redevelopment Project Status Report: _JLH Associates Jack Henning of JLH Associates was present to advise the Board that little progress had been made on their development proposal, and consequently, they would not seek an extension to the site control and exclusive negotiation rights for the old Instant Web site, which is due to expire on May 25, 1984. He explained that an inability to secure a major supermarket tenant and the uncer- tainty about the future of Industrial Revenue Bonds made it unlikely that a firm development proposal would be forthcoming within the immediate future. The Board thanked Mr. Henning for his efforts in trying to put together a redevelopment proposal, and encouraged him to continue to do so. Proposed West 79th Street /Ringroad Railroad Crossing Martin reported that the Milwaukee Road has rejected the City's request for a new at -grade railroad crossing between W. 79th Street and the proposed Downtown Ringroad. He recommended pursuing this proposal through the State Department of Transportation Hearing process, but only if a traffic study could Chanhassen HRA Minutes May 17, 1984 Page 2 adequately support the City's position that a new crossing was necessary to relieve traffic congestion at W. 79th Street and Great Plains Boulevard. Bohn moved, seconded by Robbins, to authorize the Executive Director to proceed with the necessary steps to have this request formally considered by MnDOT, including the preparation of a traffic study. All voted in favor and the motion carried. Approval of Bills Robbins moved, seconded by Bohn, to approve the bills for May, 1984 as presented. All voted in favor and the motion carried. Adjournment Bohn moved, seconded by Robbins, to adjourn the meeting at 9:00 p.m. All voted in favor and the motion carried. CHANHASSEN HOUSING & REDEVELOPMENT AUTHORITY 690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317 (612) 937 -1900 MEMORANDUM TO: Chanhassen Housing and Redevelopment Authority FROM: Scott A. Martin, Executive Director IVIII►1A DATE: September 25, 1984 SUBJ: Revenue and Operational Expenses for HRA Building (Old Instant Web facility). As we discussed briefly during our last meeting, a decision should be made this month concerning the immediate future use of the HRA building. As you know, since taking possession of this building in January, 1983, our operational costs have exceeded revenues by a two to one ratio. A detail of revenues vs. expenses follows: 1983 1984 1984 Revenues (actual) (actual as of 8/31) (estimated Building Rental $23,961 $15,951 $30,000 Expenses Utilities $26,255 $27,342 $42,000 Insurance 3,529 2,455 3,000 Taxes 4,595 -0- 12,400 Maintenance & Repair 6,434 3,750 5,000 Administration 2,700 1,900 2,800 Total Expenses $43,513 $35,447 $65,200 TOTAL REVENUE UNDER EXPENSES - $19,552 - $19,496 - $35,200 The administrative costs included above are estimates based upon the fact that approximately 3 hours /week of my time is spent overseeing the leasing and continued maintenance and operation of this building. Real estate taxes, according to State Law, are based upon 30% of gross annual rents. 1984 year -end estimates for rental income and utilities have been carefully calculated to represent realistic figures, based upon tenant plans and actual electrical and natural gas usage last year during the first two months of the winter heating season. Chanhassen HRA September 25, 1984 Page 2 Liability insurance costs would likely increase by 258 - 408 if the building was vacated. This 90,200 square foot building is presently leased to ten (10) businesses occupying a total floor area of 26,729 sq. ft. (see attached floor plan). The lease with Dermatone Labs, Inc. expires at the end of this month. Minnetonka, Inc. has decided not to lease the additional 9,200 sq. ft. shown on the plan, and will also move out of the remainder of their leased space by the end of November. E.A. Sween Company will be out by November 1st. The remainder of the tenants have indicated an interest in con- tinuing their.leases for an indefinite period. As you can see, our revenue from building rental falls far short of our operational expenses. Obviously, the winter heating season is the peak demand period for natural gas and electricity. Also, the building cannot be easily or economically subdivided to allow for tenant paid utilities. - Therefore, the Board should seriously consider closing down the building by December lst in order to save an estimated $30,000 - $35,000 in annual operating costs. This will provide the remaining tenants with a sixty day notice to relocate. Should the building be "shut- down" and left unheated, the struc- tural support systems for the roof in the center (concrete block) section of the building may fail, according to two struc- tural engineers who inspected the building following last year's roof collapse. However, this portion of the building has been identified as requiring major reconstruction should the existing building shell be adapted for future retail, office, or recreational use. The City has budgeted $45,000 in Community Development Block Grant funds for demolition and site preparation for all or part of the building. These funds must be expended by June 30, 1985 or returned to Hennepin County for redistribution to other cities. RECOMMENDATION I recommend that the HRA building be closed effective December 1, 1984. The building should be retained by the Authority until its ultimate disposition is determined through redevelopment nego- tiations which will hopefully be concluded by next spring. The status of the building should then be addressed, which may include reopening (for short or long term lease), outright sale for industrial use, demolition, or continued indefinite moth- balling. 1 r 7 3L-1 ftr so •felt Jf.lt �/1 J � I�. L �, ,I• 04 H t 1 Nj i •p l1 ! Kk fI o� r =It A ca cr � LA tmM� � � � ' 1 \ Yl•✓ 1� M .a k Y . � • ]Z'f7i II SN u r J }TA �N� K W� 3n•�, a:.o. _6 M II •y cro.(Ai S'�X+ r T N CHANHASSEN HOUSING & REDEVELOPMENT AUTHORITY 690 COULTER DRIVE • P,O, BOX 147 • CHANHASSEN. MINNESOTA 55317 (612) 937 -1900 MEMORANDUM TO: Chanhassen Housing and Redevelopment Authority FROM: Scott A. Martin, Executive Director DATE: September 18, 1984 SUBJ: Leases in Old Instant Web Building. The following companies have leased space in the Old Instant Web Building since our last meeting. Each lease is for temporary warehouse storage space only, and runs on a month -to -month basis. Approval of the following leases is recommended: 1. Minnetonka, Inc.: 9,200 sq. ft./$1,533.33 per month 2. E.A. Sween Company: 3,000 sq. ft./$437.50 per month Attached for your reference is a floor plan showing the location of all tenants presently leasing space in this building. I have also received the attached request from Chanhassen American Legion Post #580 to utilize the presently vacant office area in the building for a Halloween "Haunted House ". This area has remained vacant since the HRA took possession of the building last year, due primarily to high heating costs and the short term lease period being offered to prospective tenants. Since the Legion wishes to use this space for a one -time, nonprofit, community oriented special event, I recommend approval of the Legion's request at no charge, subject to liability insurance coverage of $1,000,000 and restoration and clean -up of the building and grounds by November 5, 1984. bjM ANV2.�l>`N Fm I.Z �I 1'I a+. I .. � .n +.'[e y• 111. ^A, IT - ...r4 ll�. j � z..�e. ;w � i� III• °_ 'iz-- 1 � � 1 f..+.TC1M,1` 'i�/ r w1 �.° 7 .. 4 � � ,� 1 Oi J.T j -z V? ti I11 a ., a ,w w o-�,� �. I dWW IA N� in I Rid 63 Ln b�Nb IvCa;tl nlf9fli � !w �fl] t� I �• 1 ,�y ICI , - -e a" � 5�"+i- 37•x•.` k ,� n "J i September 19, 1984 Chanhassen H.R.A. Chanhassen, Minnesota 55317 Attn: Scott Martin The Chanhassen Legion Post #580 and the Auxiliary request ! permission to use the Offices in the Old instant Web Building for a HALUM HOUSE from October 27th thru October 31, 1984. i Since this part is vacant, we would like to use it during the tenth of October to set it up. We will clean it up and leave it in its present condition. This event will be adult supervised at all times. The City Park Commission is having a Halloween Party on the 31st which includes a visit to the haunted house. This is a children and Youth Project, and we do not plan on making a profit. Commodities and Personal Services are on a volunteer basis. We request that you provide this space at no cost to us, since this is a non profit cat¢mmity event. We will provide liability insurance coverage. Thank You, - �tYY- C ✓i�`':1 �t2.- Vic:. / Thanas O. Klingeihutz Canmander EEN f k OcIrT 27-31 Saturday, Oct. 27 - 7:00 - 9:00 Sunday, Oct. 28 - 6:00 - 9:00 Monday, Oct. 29 - 6:00 - 9:00 Tuesday, Oct. 30 - 6:00 - 9:00 Wednesday, Oct. 31 - 6:00 - 9:00 OLD INSTANT WEB BUILDING (Downtown Chanhassen) T PUB' IC OPEN 10 L N. J- e t sponsored key char, hasps Mill lep ion auyr; Icr 790 ry X55. "W CHANHASSEN HOUSING & REDEVELOPMENT AUTHORITY 690 COULTER DRIVE • P.O. BOX 147 •CHANHASSEN, MINNESOTA 55317 (61 2) 937-1900 MEMORANDUM TO: Chanhassen Housing and Redevelopment Authority FROM: Scott A. Martin, Executive Director 1W'"1 DATE: September 20, 1984 SUBJ: Downtown Redevelopment Project "Request for Proposals" Attached for your review and approval is the Preliminary Draft of the "Request for Proposals" (RFP) for the Downtown Redevelopment Project Area. The graphics included in the final draft will be in color and larger in size, and the entire Prospectus will be bound for a more professional appearance. I would propose that we review this in detail during the September 27, 1984 meeting. Following your review and modification (if any), the Board should adopt a motion approving this document as representing the goals and objectives of the HRA. I will provide you with a list of prospective developers next week to whom I would recommend the RFP be mailed. If you know of any developer that should specifically be included on our mailing list, please let me know either before or during next week's meeting. CHANHASSEN HOUSING & REDEVELOPMENT AUTHORITY 690 COULTER DRIVE • P.O. BOA 147 • CHANHASSEN, MINNESOTA 55317 (612) 937 -1900 October 1, 1984 v Dear Developer: The Chanhassen Housing and Redevelopment Authority is seeking development proposals from qualified developers for our Downtown Redevelopment Project Area. Enclosed you will find a prospectus outlining the goals and objectives of our redevelopment program, which stem from an analysis of the existing strengths and potentials of our community, combined with the realities of contemporary real estate development. We are extending an invitation to you to join in this agressive effort to revi- talize Downtown Chanhassen and hope that you will give us careful consideration as a desirable investment location. We have a market, we have a location, and we have the mechanisms in place to help convert development potentials into reality. If you are interested, please contact me at Chanhassen City Hall, 690 Coulter Drive, Chanhassen, MN 55317 (Ph. (612) 937 - 1900). The deadline for the submit- tal of your development proposal is 4:00 p.m. on December 1, 1984. We look for- ward to the opportunity to work with you. Sincerely, Scott A. Martin Executive Director SAM:v ` Enclosure TABLE Of CONTENTS TheOpportunity ........................... ............................... 2 ProjectBackground ........................ ............................... 3 Project Area Maps ......................... ............................... 4 -7 ProjectObjectives ........................ ............................... 8 RedevelopmentConcept Plans ............... ............................... 9 -11 DevelopmentMarket Potential .............. ............................... 12 ChanhassenTrade Area ..................... ............................... 13 SiteCharacteristics ...................... ............................... 14 Potential Public Incentives ............... ............................... 15 SubmissionRequirements ................... ............................... 16 DeveloperSelection Process ............... ............................... 17 Evaluationof Developers .................. ............................... 18 :, •\ .......- -. i r.. -1... r 1 I I I 1 I � ! 1 I i I I i 1 I 1 I I I t 011kfi Mezzanine 2.790 of I 1 m ( Concrete Block High Bay - -° 31.]60 61 FL EL 966 _- om.....r. ..sw.w.n.n.....x.o......0 .. m :,..... �....� _... o T (Dock Area Tilt-Up Panel Ho Bay, 4,900'.l 20,600 of i W,. Fl EL 962 n.. non } ........311' -2" Nees 51gwn Mlcela B6M1i Footprint LOWER LEVEL PLAN Wood Frame 30,150 al Concrete Block High Bay 34,550 of Till -Up Panel High Bay 25,500 61 Total 90.200 a1 100'-0" 40.6" 40'0" 1 � I vfir L9 9 l75.51 14.470 at Wood Frame �y 4.300 if Q FL EL 973 1 I •�� °! W Frame ^I A 1000061 1 rLJ FL ] S I5 b t 111---FLTTT .......�...�....�-4 .._ concrale info rr,, l e3061 IIZ 111.E . Woo4 v 500 0 at UPPER LEVEL PLAN I I "I" Y 4i CBI 3 LU H O O u- W w d 0 Z 0 7 m L_ C InL7nI�.JI I 0 20 w 60 ❑ L� L H] 0 n 13 152 IF 28 26 a 135 38 F40 -- 1 ( L I+ j �I' c 44 so 49 46 1 5 —7— Acquisition Plan 14 -19 47 -. 48 6 C REEDEVELLO MENT J IF PROJECT CHANHASSEN, MIIWESOiF �'--'- Loop Road Acquisition aRedevelopment Acquisition 0 courtyard Acquisition r is Kill, PROJECT OBJECTIVES The primary goal of this Prospectus is to facilitate the redevelopment of the Chanhassen Downtown Project Area through the development of a new convenience retail center, anchored by a full -line supermarket, other facilities, such as offices, specialty shops, restaurants, entertainment and recreational uses, and housing, are also encouraged to complement the Central Business District. Three supporting objectives have been adopted to reinforce the primary goal: 1. Chanhassen's downtown should function as the primary retail and service center in the community. Therefore, any new retail and office develop- ment should be of such scale and character as to be an important influence on the City's retail trade area. 2. Development within the Project Area should be designed to complement and reinforce the existing strengths of Downtown Chanhassen. The redevelop- ment project will have to be carefully integrated into the existing downtown, both physically and functionally, to maintain and further establish a unique, imageable downtown area. 3. The net economic benefit of any redevelopment project should be positive to the community as a whole over a reasonable period of time. While the City has a committment to undertake and finish this project, the direct and indirect costs to the community must be reasonable and prudent. 10 FF N 76TH meal r7 �W 1 11 c: I o - Or C.0,mrd M-FTIMUO IMP ------------------ DOWNTOWN REDEVELOPMENT PROJECT Deciduous Trees C ANHASSEN .'NNLSOTA (Ash,Ho.eyIoc.st,MaPI.) Ornamental Trees (Flowering C,ab,Am.r Maple) -- — — - — —Pfp Evergreens (PIne,Spruce,FIr) (::: Proposed Plan D Shrub. (Viburnum,Dogwood,Ninebark) Street Light — Pedestrian Light 00 Goverrrtlsnt/YStieltiorlal Conl*x Bank i I � — -- Parking < W.,9Th.$beet ° p 1 ((00000000 Retail Retai Stagr Market ParkN I i Reta9 RetaiVOttbe w gnstaot Web BMgJ t r 1 n F. \.vrrt 47� aq•PL :. a,{�r: •:.,�k� " -W rr\nrrrrAr\A\n\ r: �r Medium - Daheiry Hous'rlg ' Hotel Stage 2 ,( Hotel Stage Chanhassen Dinner Theatre St. Huberts Church School Parking 100000000000 St. Huberts W Church Parkng O i Cey Hall 10p0pO 0O 'Historical � I 'Historical District O01�- - -� - -- T CHANHASSEN DOWNTOWN REDEVELOPMEP PROJECT .� .. .,.,..�,..,�., ..�,...,�,.�......,�.. rHANHPccrr,l• .rn1NES Bank — — — — Parkig W. 78TK Street Q n A Commercial Commercial Parking Illustrative Core Area Concept Plan Alternative EN Super Market o I Screen/Berm)/ Med'um- Density Housing ' Q v St Huberts iChurch School Parking to ® PHASE 2 Retail Retail p D Retail Q0000000000000� Retail V U o Can _ ,' . . n,.Parking j C old try Hai Chanhassen Dinner Theatre Rated (Frontlet Bldg)' ��OOp OO �2 DO 00� 00 ` Retail/Office Q (Instant Web BklgJ 1 � I Parking Parking v — ol`TL: tiAfi" tr2 Bbomberg Companies Devebpment -11- owp Jr Mnea Churd Historical District CHANHASSEN DOWNTOWN REDEVELOPME PROJECT CHANHASSEN, MINN DEVELOPMENT MARKET POTENTIAL The Chanhassen HRA contracted with the Minneapolis consulting firm of James B. McComb and Associates to conduct a market analysis of the Downtown Chanhassen Trade Area. This study, which was completed in January, 1984, concluded that market support exists for 20,000 - 25,000 square feet of retail and service space in 1985, with demand for an additional 15,000 - 20,000 square feet of retail space by 1990. The study also found that the potential for a conventional, full -line super- market is limited until 1988 -1990, but that a first -phase convenience center development could be anchored by a limited service grocery store of up to 10,000 square feet. The potential for a unique concept specialty center oriented towards the work of Minnesota Artists and Artisans, antique stores, and other specialty shops and restaurants was also identified by the market analyst. A specialty center of this type containing 60,000- 70,000 sq. ft. of floor area is marketable in 1985. Market support also presently exists for 20,000- 30,000 sq. ft. of office space in the Downtown Area, with an additional 50,000 - 75,000 sq. ft. needed by 1990 to meet local demand. The primary market for office space will be small firms engaged in business and professional services, i.e. insurance, attorneys, real estate, manufacturers reps, and medical and dental offices. Finally, the Chanhassen market analysis identified the potential for other uses such as financial institutions and recreational centers (Bowling, Health /Fitness facility) in conjunction with the initial phase of downtown redevelopment. A copy of the Downtown Chanhassen Market Study is available to interested per- sons upon request. -12- DOWNTOWN CHANHASSEN TRADE AREA w (D co 3 u QO rD 0 ry 0 Cn PA Y \ L -L l 0. NAI uoA AI0' .Al SA.d 1j ID, /"NJFACIUS 7-111 L 'A �JOOD Excelsior --SHO el ��Mciznh L I. Red Leg. CIda, Co. 4& I y. Low, H 5 P.w L.A.( L9 :LmA; 01 R I CIZd 1,09 - EDEN CHA Pvm' C." NHASSEN A A v OR Waconla-% ru,,. A 'A ( iw Z"i;� N L.A. o.e it -44. r� .. ........ - — — — — — — - -- Shakopee a k L.A. .. ............. . F A.. 0... A r UA. C H A S K A 169 `JJ )LOGNE- D.h1 ... SHAKOPEE tl L.A. J A C K S Oi N D A IL G R E N'—, N 1V N AR VER. 0 1 2 3 1 A", L u I • S v I L L I.. Sd LAI. RIOR LAKI Scale In Miles Pp SITE CHARACTERISTICS The Downtown Redevelopment Project Area includes approximately 40 acres of developed and undeveloped land, including street rights -of -way. Except for the previously identified 4f acre site acquired by the Chanhassen HRA in 1981, the balance of the lands earmarked for acquisition and clearance are still in pri- vate ownership. However, the City will work closely with the chosen developer to create a project layout within the Project Area that is mutually satisfac- tory. Once there is concurrence on the project plan, a program to secure the balance of the site will be promptly launched. The topography of the Project Area is essentially level, but slopes gradually towards the south to the adjoining railroad tracks. This change in grade may provide the developer with an opportunity to design walk -in entrances at two different levels of the project, if desired. Full utilities are available within the Project Area, but the adopted redevelop- ment plan provides for major upgrading of all public utility systems and local streets serving the Project Area in conjunction with private redevelopment activities. Included in this program is the eventual closing of West 78th Street (which runs through the center of the Project Area) and the construction of a new ringroad around the periphery of the Project Area to provide access to the redevelopment site. A copy of the "Preliminary Feasibility Study and Design Report" showing proposed public improvements is available upon request. Primary access to Downtown Chanhassen from the Twin Cities Metropolitan Area is via State Trunk Highway No. 5. Although Highway 5 is presently a two -lane road- way from I -494 (in Eden Prairie) to Chanhassen (a distance of 42 miles), the State of Minnesota has recently approved funding to upgrade Highway 5 to a four lane controlled access highway beginning in 1986. That segment of Highway 5 which skirts Downtown Chanhassen will be upgraded in 1988 according to the Department of Transportation. -14- POTENTIAL PUBLIC INCENTIVES The Chanhassen Housing and Redevelopment Authority recognizes that financial incentives are a necessary ingredient to any successful downtown redevelopment program. However, the HRA has chosen not to lock itself into any specific package of incentives in order to encourage creativity by prospective developers. The redevelopment incentive tools and techniques which the City will consider utilizing to make the project work include: a. Tax Increment Financing. b. Industrial Development Revenue Bonds. c. Community Development Block Grants (Chanhassen is an entitlement City). d. Public Land Acquisition for Site Assembly (through eminent domain if necessary). e. Sale of Publicly Acquired Redevelopment Sites at a Cost Write -Down. f. Installation of Strategic Public Improvements (streets, utilities, parking, etc.) g. Tax - exempt Municipal Bonds for Public Improvement Special Assessments. h. Demolition and preconstruction preparation of Redevelopment Sites. i. Lease of Publicly Owned Land to Developer. j. Vacation of Certain Public Streets and Alleys. k. Fast -Track City Permit Review Process. The selected Developer will be able to tailor a mix of incentives needed to make the project work. The City will require a cash flow statement for the project which clearly outlines how the requested incentives will fit into the workings of the total development package. Sufficient supporting information shall be supplied to the City so that it can be determined that the requested financial assistance is justifiable. -15- SUBMISSION REQUIREMENTS To be considered for designation as Developer of Record for the Chanhassen Downtown Redevelopment Project Area, a developer must submit all of the following materials: 1. Letter of Interest in participating in Chanhassen's Redevelopment Program. 2. Brief statement of Developer's general development orientation and approach to the Chanhassen Project. 3. Name, address, phone number, contact person, and legal entity (corporation, limited partnership, joint venture, etc.) by which the developer proposes to do business in Chanhassen. 4. Name and address of architectural firm and other professionals antici- pated to be working with the developer as part of the Chanhassen develop- ment team. 5. Identification of the developer's project manager and other key staff persons to be assigned to the project. 6. A description of overall qualifications, including examples of experience with similar projects successfully completed by the principals of the development team. A list of references (by project) must also be provided. 7. A Preliminary Site Plan which identifies the specific sites /parcels pro- posed for redevelopment and which graphically shows the general concept of the proposed project. 8. Evidence to demonstrate the developer's capability to finance a project of this size. 9. Description of the type of financial incentives required from the City to make the proposed project work. 10. Any additional information that will substantiate the development team's capabilities. All developer proposals must be submitted to the Executive Director of the Chanhassen HRA, 690 Coulter Drive, Chanhassen, Minnesota 55317, by the deadline date noted on the cover letter included with this Prospectus. -16- DEVELOPER SELECTION PROCESS Letters of Interest and all other required proposal materials must be sub- mitted to the Chanhassen HRA by the deadline date. Upon receipt of all submittals, the Chanhassen HRA will review them and invite a selected number of development teams to come to Chanhassen for an interview. 3. Following the interviews, the HRA will select a developer to be designated as the "Developer of Record ". Once so designated, that developer shall have the exclusive right to negotiate with the City for the implementation of a mutally satisfactory Downtown Project. The selected Developer of Record must be prepared to promptly enter into an "Agreement for Exclusive Negotiations" with the HRA for the joint develop- ment of a specific proposal for the Downtown Project Area. The exact terms of this Agreement shall be formulated by both the developer and the City. 5. A detailed proposal for the Downtown Project will then be developed under the terms of the Agreement. The developer will be expected to undertake the major efforts, with the City providing support and continuous feedback. The detailed proposal should include, but not be limited to, the following items: a. Basic Project Design b. Required Public Improvements c. Site Acquisition and Conveyance Strategy d. Financing Pro Forma for Public and Private Improvements e. Assignment of Public and Private Sector Responsibilities f. Project Timing A period of 120 days will be provided to the developer for performance under the terms of the Agreement. The City will retain the right, in its sole discretion, to extend the negotiations beyond the original time period if substantial progress has been made and it appears that such an extension is necessary to continue good faith efforts. In the event the City and the developer cannot make adequate progress towards a satisfactory Development Proposal, the Agreement for Exclusive Negotiations shall be terminated in accordance with the terms contained therein. 6. After the City and the Developer have created a mutually agreeable develop- ment plan for the Project Area, both parties will negotiate a formal "Redevelopment Agreement ". This agreement will specify each party's speci- fic roles and obligations in the implementation of the Project. The time frame for these negotiations will be subsequently determined in recognition of the complexities of public /private partnerships and downtown redevelopment projects. -17- EVALUATION OF DEVELOPERS All prospective developers will be evaluated in accordance with the following criteria: Developer Expertise Property will be given to the development team that demonstrates the expertise required to successfully implement a downtown redevelopment project like Chanhassen's. Developer Quality Priority will be given to the developer that demonstrates a track record of high quality development, sensitivity to the needs of the public sector, design excellence, innovative packaging, and the ability to attract quality tenants. Experience With Similar Projects Experience developing similar downtown projects will be considered a definite asset, but is not an absolute prerequisite. Whatever experience credentials are submitted in lieu of downtown redevelopment projects must be relevant and trans- ferable. Organization and Personnel The personnel assigned to the development team and the manner in which they will be organized and managed for the Chanhassen Project will be considered in the evaluation of developers. Financial Capability Due to the magnitude of this project and the period of time over which develop- ment might be staged, the financial capability of the developer will be a major factor in our evaluation. Subsequent submission of detailed financial data may be required prior to designating the Developer of Record. on 67. CHANHASSEN HOUSING & REDEVELOPMENT AUTHORITY Iml 690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317 (612) 937 -1900 MEMORANDUM TO: Chanhassen Housing and Redevelopment Authority A• FROM: Scott A. Martin, Community Development Director �/��U/v1/� DATE: September 21, 1984 SUBJ: Proposed 1985 HRA Operating Budget Attached for your review and approval is the proposed 1985 HRA operating budget. This budget assumes the continued operation, maintenance, and rental of the old Instant Web Building during the next year. A more specific comparison of costs vs. revenue for this building will be available for your review at next week's meeting. I will also have an updated version of the Tax Increment Financing Plan available for distribution at the meeting. 460 460 460 460 460 460 460 460 460 460 KIM' K-111 FUND: 460 H.R.A. SPECIAL REVENUE FUNDS 1985 BUDGET - REVENUE BUDGET 1984 REVENUE GENERAL PROPERTY TAX 3011 Delinquent Property Tax 3012 Tax Increment Receipts 3041 Homestead Credit 3099 TOTAL PROPERTY TAX CHARGES FOR CURRENT SERVICES 3601 Sale of Docmrent 3699 TOTAL CURRENT SERVICES OTHER REVENUE 3801 Interest Earnings 3803 Building Rental 3805 Sale of Properties 3808 Ins., Recover. & Reimb. 3899 TOTAL OTHER REVENUE 3999 TOTAL REVENUE TOTAL EXPENDITURES REVENUE OVER(UYDER)EXPENDITURES Fund Balance Forward Total Resources over (under) Liabilities -65- 611,000 611,000 0 0 1,500 1,500 612,500 690,091 - 77,591 - 230,723 - 308,314 ESTIMATED 1984 17,000 590,000 1,700 608,700 5 5 0 30,000 16,600 8,600 55,200 663,905 670,640 -6,735 - 32,773 - 39,508 BUDGET 1985 10,000 790,000 0 800,000 0 0 0 26,000 0 0 26,000 826,000 � 0 137,320 - 39,508 97,812 y 460 460 460 460 460 460 460 460 460 460 460 460 1460 J 460 460 460 460 460 460 1460 1460 19 ,1.460 FUND # 460 - HOUSING AND REDEVELOPMENT AUTHORITY SPECIAL REVENUE FUNDS 1985 BUDGET PERSONAL SERVICES 4010 Salaries & Wages, Regular 4030 Contrib., Retirement 4040 Contrib., Insurance 4050 Workmen's Camp. 4099 TOTAL PERSONAL SERVICES MATERIALS & SUPPLIES 4110 Supplies, Office 4210 Books & Periodicals 4299 TOTAL MATERIALS & SUPPLIES CONTRACTUAL SERVICES 4300 Fees, Service 4310 Telephone 4320 Utilities 4375 Promotional Expenses 4340 Printing & Publishing 4360 Subscription & Memberships 4370 Travel & Training 4420 Adm. Fees (Overhead) 4480 Official Bonds 4481 Insurance, Building 4509 Remittance to Other Agencies 4510 Rep. & Maint. Bldg & Grnds 4751 Awarded Construction Contracts 4599 TOTAL CONTRACTUAL SERVICES CAPITAL OUTLAY 1460 4701 land Purchase & Improvements 1460 4799 TOTAL CAPITAL OUTLAY BUDGET 1984 37,500 4,700 1,670 600 44,470 300 200 500 30,000 150 40,000 2,000 500 250 750 11,900 0 4,200 22,000 2,500 4,000 118,250 02 A 0 456,568 70,303 526,871 690,091 -66- ESTIMA'T'ED 1984 36,900 4,390 1,620 300 43,210 300 200 500 BUDGET 1985 38,980 4,380 1,780 300 45,440 300 200 500 15,000 DEBT SERVICE 460 4801 Debt Principal 460 4802 Debt Interest 460 1460 4804 S/A Payments 750 4899 TOTAL DEBT SERVICE 1460 4999 TOTAL EXPENDITURES BUDGET 1984 37,500 4,700 1,670 600 44,470 300 200 500 30,000 150 40,000 2,000 500 250 750 11,900 0 4,200 22,000 2,500 4,000 118,250 02 A 0 456,568 70,303 526,871 690,091 -66- ESTIMA'T'ED 1984 36,900 4,390 1,620 300 43,210 300 200 500 BUDGET 1985 38,980 4,380 1,780 300 45,440 300 200 500 15,000 30,000 0 0 36,000 - 3%Q4W1= 200 2,000 500 500 250 250 750 750 11,900 13,090 700 700 3,000 3,500 -7,80 ZogoD �;8ec�i3OIIO 5,000 2,500 4,000 0 �� aD io9a 7,500 0 7,500 0 477,680 480,450 56,650 63,200 534,330 543,650 670,640 - 608,,680 otpol,! I AMJkUQ � a►vt 0641 4. ConnVL IA f DUCLOPAW 6IOCk 9AUr J 4\ PLANNING AREA IV - PROJECT STATUS REPORT J AUGUST 31, 1984 Ij 1 Community: CHANHASSEN Year Appl # Proj # Activity ERS Encumbered Budget Expended Balance VIII 709 HSG NEEDS STUDY /PLANNING CE 428 428 428 -0- VIII 710 COMP PLAN IMPL /PLANNING CE 7172 7172 2669 4,503 IX 805 ADMINISTRATION EX 380 1832 380 1,452 IX 908 Kv SITE CLEARANCE AND PREPARATION AR 0 45000 0 45,000 * IX 909 DT PROJECT MARKETING PLAN EX 20000 20000 8785 11,215'x' IX 910 REHAB PRIVATE PROPERTY CE /EX 37588 37588 0 37,588 X 007 'F LAND ACQ (DT REDEVELOPMENT) AR 0 33000 0 33,000* X 803 ADMINISTRATION EX 300 300 0 300 Subtotal 65,868 145,320 12,262 133,058 I -VII 000 BALANCE YEARS I - VII 9800 9800 9800 0 TOTAL 75,668 155,120 22,062 133,058 Drawdown (Years VIII - X) 8% Drawdown (Cumulative) 14% AMJkUQ � a►vt 0641 4. r MINNEAPOLIS DENVER BRECKENRIDGt PHOENIX City of Chanhassen H.R.A. 7610 Laredo Drive Chanhassen, MN 55317 Attn: Scott Martin RE: Chanhassen C.B.D. Redevelopment District Traffic Analysis for Proposed new railroad crossing Payment #1 Period of July, 1984 Classification Hours Sr. Professional 4.50 Sr. Technician 4.00 Technician 8.00 Salary Cost $ 267.99 2.0 x $267.99 INVOICE DATE: July 31, 1984 JOB NO: 40 -8424 $ 535.98 161984 COMM1UNP DEVELOPMENT DEF BENNETT. RINGROSE, WOLSFELD. JARVIS. GARDNER. INC. • THRESHER SQUARE • ]W THIRD STREET SOUTH • MINNEAPOLIS. MN 55415 • PHONE 612/370 -0700 I -L✓ MINNEAPOLIS DENVER • BRECKENRIDGL • PHOENIX City of Chanhassen H.R.A. 7610 Laredo Drive Chanhassen, MN 55317 Attn: Scott Martin INVOICE DATE: August 31, 1984 JOB NO: 40 -8424 RE: Chanhassen C.B.D. Redevelopment District Traffic Analysis for Proposed new railroad crossing Payment , #2 Period of August, 1984 Classification Hours Sr. Professional 7.00 Professional II 10.00 Salary Cost $ 353.70 2.0 x $353.70 $ 707.40 Mileage 66.96 CITY OF CHANHASSEN M r p 191984 gfzolr¢ 1- rimmUNiTY DE`JELUNME(iT Ccr -4306 BENNETT. RINGROSE. WOLSFELD, JARVIS, GARDNER, INC. • THRESHER SOUARE • 700 THIRD STREET SOUTH • MINNEAPOLIS, MN 55415 • PHONE 612/370 -0700 I