Agenda

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City Council Regular Meeting

Meeting Date:

07/28/2020

BACKGROUND

As part of the City's effort to revitalize Main Street, the City has been encouraging redevelopment of the area including through the use of grant programs and proposed infrastructure improvements. Many of the properties along Main Street were initially developed as single family homes and there is little room to allow for on site parking as those properties convert to commercial uses. Additionally, many of the properties initially developed for commercial uses are too small to accommodate parking at the current UDC standards in terms of number of parking spaces and size of spaces.

The City was approached about purchasing property to provide for additional public parking. Rather than the City buying the property and constructing the parking lot, the current owner, PKM Venture LLC would enter into an agreement with the City to buy the property and then build the parking lot. The individual is seeking to get confirmation from City that they will purchase the property before starting construction the parking lot. The lot will have approximately 22 parking spaces. The property is approximately 0.23 acres.

This resolution authorizes the City to enter into an agreement that obligates the City to purchase the property after the owner constructs the parking lot as shown on the attached resolution.

GOAL

Support the City's efforts to redevelop Main Street by providing for additional public parking.

COMMUNITY BENEFIT

Given the challenges in redeveloping properties along Main Street for commercial uses, in accordance with the City's vision of Main Street as established in the City's Comprehensive Plan, due to a lack of parking, this authorization will provide a cost effective way to support the redevelopment and revitalization of the City's historic Main Street Area.

SUMMARY OF RECOMMENDED ACTION

Approval of Resolution 20-R-85 which authorizes the City Manager to enter into a Purchase and Sale Agreement, to purchase the property at 536 Main Street for $210,000 after a parking lot is constructed on it,

FISCAL IMPACT

$210,000 for the purchase.

RECOMMENDATION

Approval of Resolution 20-R-85.

Attachments
20-R-85
Parking Layout