Title
Water Street Redevelopment Area (WSRA) Update
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Receive the update and provide guidance. Briefing only; no action requested.
Report
Issue:
Whether to receive a brief update of the Water Street Redevelopment Area (WSRA) scope of work and recent activity specific to Water Street and the surrounding area. WSRA partner, Walker John, Urban Olympia will review plans for the former Les Schwab property and discuss possibilities for next steps specific to the redevelopment of the WSRA. Staff seeks direction on possible next steps for the WSRA process.
Staff Contact:
Ren?e Sunde, Economic Development Director, Community Planning & Development Department, 360.753.8591
Presenter(s):
Ren?e Sunde, Economic Development Director
Keith Stahley, Director Community Planning and Development Department
Walker John, CEO Urban Olympia
Background and Analysis:
March 22, 2016 Council approved the Agreement and Scope of Work for Urban Design and Planning Services for the Water Street Redevelopment Area.
Below are the Key Components from the original Scope of Work:
1. Property Acquisition - Developer will begin dialogue with property owners to understand opportunities for possible assemblage.
2. Area Plan - Phase 1 will provide up to three alternatives and will include all properties in the WSRA. Phase II will include a "preferred alternative" for any property that Urban Olympia 5 controls or for which it intends to pursue through an Exclusive Negotiation Agreement (ENA)
3. Development Pro-Forma - The preferred alternative will include the preparation of a Predevelopment Cost Estimate.
4. Participation in Downtown Strategy will be ongoing through the pre-development phase.
5. City Review and Public participation to include regular meetings with Urban Olympia 5 team and to review on-going progress and deliverables and (3) Public Meetings.
On October 24, 20...
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