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Home My WebLink About2022-11-21 URA Minutes - Special MeetingCALDWELL URBAN RENEWAL AGENCY MINUTES Special Meeting November 21, 2022 5:30 p.m. (ROLL CALL) The special meeting of the Caldwell Urban Renewal Agency convened at 5:30 p.m. in the Caldwell Police Department Community Room with Chairman Porter presiding. The agency secretary called the roll. Present: Commissioner Porter, Commissioner Doty, Commissioner Warwick, Commissioner Moore, and Commissioner Allgood. Staff present: Steve Jenkins (Economic Development Director) and Ofelia Morales (Economic Development Specialist) NEW BUSINESS: (ACTION ITEM: CONSIDER ACCEPTANCE OF THE REQUEST FOR PROPOSALS FOR PROPERTY LOCATED 510 ARTHUR STREET) Steve Jenkins provided an overview of each of the submittals: 1. The Commons at Creek Crossing (TS Development. LLC and Grand Peak Construction): Three-story mixed -use building with multi -tenant retail, lofts, and office space. • The first floor will feature retail along with a proposed connection to an adjacent plaza. This project is asking the City to consider vacating the remainder of Arthur Street to the east to allow for plaza -like improvements and a fountain to be constructed_ There will be street -level parking on the backside (south) of the development towards the alley. • The second story will feature class A office space, along with loft space to create a live?work atmosphere. At this point, the developer is open to leasing or selling the loft space to prospective users. Outdoor patios will be included in the proposed 6-10 lofts. 49 The third story will house a restaurant (Sky Vino has signed a letter of intent (LQl)). There will also be additional loft/flex space available. The building size will be 23,620 SF which equates to a $7m investment at $300 per SF. Page] of 5 Price: This project's investment in the project is their offer, along with a commitment to provide a local management office for the proposed facility. Timellne for t1evelo nient: They would like to begin negotiations immediately, as they have a lawyer and contracting team identified for the project. The groundbreaking construction date is identified for summer 2023. They are aiming a completion date in the late fall of 2023. Commissioner Doty inquired if the rental rates have been determined. Mr. Jenkins reported that the developer has not disclosed that information within the proposals. In response to questions from Chairman Porter, Mr. Jenkins noted that the developer is looking to start construction in 2023 with construction completed in late fall 2023. In response to questions from Commissioner Moore, Mr. Jenkins reported that a letter of credit and a letter of intent from Sky Veno for lease of the third floor of the structure was provided in the packet. The proposal included a full vacation of Arthur Street between 5" & 6" Avenue. 2. Ball Ventures Ahlguist (BVA) Development: ••ry_ 'Ike lY 1♦ O i f �lMI11ARTIPMI' [Awl WWI NMI �II=IFMIl � PROPOSED 47 PARKING STALLS ALLEY — — _ _ • They are proposing ground -floor retail with a restaurant and outdoor dining. The outdoor dining will be adjacent to the creek on the north side of the property. The project will feature a 47-stall parking loft towards the alley on the south side of the property. The restaurant space will have large doors to support an indoor/outdoor ambiance. • The second floor will feature Class -A office space which will be devisable to support smaller users. The two-story building is approximately 20,000 sf (10,000 sf on each floor). Price: they are recommending a re -development appraisal followed by good faith negotiations regarding a purchase price based upon the findings in the appraisal. Tinrelnre for development: negotiable. They are flexible to work with the agency to find a mutually agreeable timeline for development. In response to questions from Commissioner Allgood, Mr. Jenkins reported that all the submittals included a partial vacation of Arthur Street. Page 2 of 5 3. Mussell Construction: Proposal #1 — Food Truck Park Outdoor dining space will be enclosed and gated. They received inspiration from the Magnolia project in downtown Waco, TX (Chip and Joanna Gaines). This is a proposed food truck park that will allow for a variety of food genres to be operated by a litany of local vendors. The food park will showcase outdoor entertainment such as giant checkers and chess, Jenga, and corn hole around a centrally located fire pit. This concept is meant to draw groups of people to engage with the western edge of downtown. The complex will feature secured storage, 24-hour security, year-round utility hook-ups, groomed lawn areas, and landscaping. There will be indoor public restrooms available, along with indoor eating space. There will also be a stationary kiosk available for City or business promotional opportunities. Overall, this concept will help to serve as a small business incubator. Estimated investment for the site is $1 m dollars by Mussell Construction. Discussion followed regarding the impact of the food truck park with the local businesses. Mr. Moore reported on a similar site in Texas he visited. He noted that it would require overview. In response to questions from Commissioner Allgood regarding the allowance of alcohol at the site. Commissioner Doty reported that only one alcohol beverage license would be allowed at the site. Price: $196,460 Ti»ieline Lor develo ment: construction will occur in the fall of 2023. A completion date is set for 2024. 4. Mussell Construction: ProAosal #2 -- New Construction Building Page 3 of 5 The second proposal will feature a two-story new construction building. The building will total 5,000 SF (2,500 SF on each floor). • The first floor will feature restaurant space and retail space (service -oriented focus- salonfspa. Gym, etc.). • The second floor will have Class -A executive office space. Further, Mussel] Construction would like the agency to consider condominium residential space to be constructed on the second floor as an additional option. The building will have a typical downtown architectural style with stucco and brick accents. There will also be a rear parking lot to support the resident ial.?commercial space. Price: $196,460 Tiinelnre for develnpnrenl: construction will occur in the fall of 2023. A completion date is set for 2024. Mr. Jenkins reported on the recommendation from the Economic Development Team was from the Commons at Creek Crossing. Ile noted the aspects of the decision including density, design and the potential allowance of the public purchasing loft space. In response to questions from Commissioner Doty regarding what is under the asphalt at Arthur Street, Mr. MacDonald reported that the water main and storm drain is located in the right -of way. It would require relocation or abandonment of the water line. The Water Department staff could possibly perform this task but the storm drain would require rerouting. There has not been an investigation for environmental issues at the site. Mr. Jenkins responded to questions from Commissioner Allgood regarding access issue to the neighboring church and businesses currently using the alley for access. Discussion followed regarding adequate parking for the proposal. Mr. MacDonald reported that alley improvements could be accomplished by the Street Department crew or contract with the construction contractor for the alleyway asphalt improvements. Chairman Porter asked about who would manage the plaza. Mr. Jenkins reported that the development would provide for a private management team to care for the property including the plaza. Commissioner Moore reported that the paved alleyway from the Commons at Creek Crossing conceptual plan appears to allow more accessibility than the previous business located at 510 Arthur. Discussion was held concerning access to the site by the fire department. MOVED by Doty, SECONDED by Warwick to accept the proposal submitted from TS Development, LLC and Grand Peak Construction - The Commons at Creek Crossing for the location known as 510 Arthur Street. Comments to the Motion: Commissioner Doty commented that the turn -around at 61"...'Arthur must be well planned for access issues along with the vacation of the full street. It was noted that the vacation request for Arthur Street must be approved by City Council. Roll call: Roll call vote: Those voting yes: Doty, Warwick, Moore, Allgood, and Porter. Those voting no: none. Absent or not voting: none. MOTION CARRIED (ACTION ITEM: CONSIDER AUTHORIZING THE CREATION OF A REQUEST FOR PROPOSALS FOR PROPERTY LOCATED AT 6"" & MAIN) Discussion was held concerning the options for development of the site. Mr. Jenkins reported on the approved vacation of the site. Research was conducted by staff regarding the recent vacation and noted that the parcel's ownership was reverted to deChase Development in accordance with vacation procedures. He noted the time limits in conjunction with the sunset date for the Urban Renewal Agency thus not providing sufficient time for the property to be transferred to the Urban Renewal Agency and an RFP to be noticed. He recommended the space be added to the hotel RFP that is being drafted. Commissioner Allgood expressed his concern with having an alleyway between two tall buildings relating to safety concerns. Page 4 of 5 Commission Warwick recommended that the space be used in conjunction of the future hotel or remain as open space. Mr. Jenkins reported that deChase Development in putting together the RFQ for a hotel and could include the additional 154 space within the document. Commissioner Doty reported that one of the conditions of approval in the RFQ should include a buffer between the two spaces. It was recommended that further consideration be given to this subject at the special meeting to be held in December 2022. (ADJOURNMENT) MOVED by Warwick, SECONDED by Doty to adjourn at 6:30 a.m. s 12"' day of December, 2022. MOTION CARRIED A _ Deb ie Geyer, URA I e etary C mission Allgood `�1111111i1111///// iCYOpp /* o iss der Moore•••••••••..yE' • `7 Commissioner ty Page 5 of 5