Memo - February 10, 2009, WS DiscussionPlanning & Economic
Development
MEMORANDUM
TO: Honorable Mayor and H7ro'if ns City Council Members
1
FROM: Kersten Elverum i c Planning & Development
DATE: February 4, 2009
SUBJECT: February 10, 2009, Work Session Discussion
Bill Beard and Ron Mehl, The Beard Group, will be at the upcoming work session to
discuss the status of the Marketplace & Main project. The discussion will focus on the
possibility of changing the project from a condominium project to a rental project. Staff
has asked them to be prepared to discuss unit lease rates, finishes, proposed timeline and
assurances that the project could move forward with this change.
If there is interest in moving forward with the proposed changes, an amended
development agreement would be on the March 3, 2009, HRA agenda.