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Minutes September 13, 2005A CITY OF DENTON CITY COUNCIL MINUTES September 13, 2005 After determining that a quorum was present, the City Council convened in a Joint Work Session of the City Council and the Downtown Task Force on Tuesday, September 13, 2005 at 3:00 p.m. in the Council Work Session Room at City Hall. PRESENT: Mayor Brock; Mayor Pro Tem McNeill; Council Members Heggins, Kamp, Montgomery, Mulroy, Thomson. ABSENT: None The Mayor called the meeting to order at 3:12 p.m. 1. The Council received a report from RTKL & Associates regarding potential projects relating to the redevelopment of downtown as recommended in the Downtown Master Plan, held a discussion and gave staff direction. Linda Ratliff, Director of Economic Development, stated that the Downtown Task Force had identified some potential projects for review and discussion. Ratliff introduced Paris Rutherford, RTKL & Associates, who presented some strategies to the Council to implement the projects. A market analysis for a 10-year period estimated that over 875,000 square feet of new retail demand was forecast based on the projected trade area. The 10-year trade area growth at projected rates called for almost 7,000 new rental units and 10,442 new for-sale units. Over the next 10 years Denton should see new demand for approximately 300,000 square feet of office space from job growth and another 180,000 square feet from turnover/replacement of older space. Rutherford stated that five areas had been identified as redevelopment zones capable of viable development projects. Project A Î transit-oriented infill development with shared parking garage between McKinney, Bell, Hickory and the Commuter Rail, planned around existing historic structure. Project B Î Mixed-use infill adjacent to the Wells Fargo tower. New shared garage was added as southeastern parking anchor for the Square. Existing garage removed to make way for retail and motor bank with loft space. Project C Î Pocket park with new surrounding development to define northern gateway into Denton. This included adaptive reuse of existing buildings (old city hall) and provided a northwestern parking anchor for the Square. Project D Î Mixed-use office infill between Oak and Hickory along Carroll. Existing restaurants were incorporated into development and shared parking lined with live-work space. Project E Î Residential infill with ground level service uses between McKinney, Oak, Austin and Bell. This provided an Ðurban edgeÑ to contrast the municipal complex and small-scale live-work infill around existing structures on Oak. Rutherford stated that the next steps would be to: Establish a set of criteria for infill and redevelopment projects. City of Denton City Council Minutes September 13, 2005 Page 2 Analyze reduction and/or waiver of development fees and program rewards for past investment. Confirm and grow targeted areas for infill and redevelopment. Prepare menu of public/private funding mechanisms for infrastructure and impact. Identify positions within the city and support organizations where project coordination could occur. Implementation included determining three projects, run economics, package and market, establish TIF district, and streamline the process. Consensus of the Council was to proceed with Projects B, E and C. If another project could be implemented, then Project D. With no further business, the meeting was adjourned at 4:35 p.m. ___________________________________ EULINE BROCK MAYOR CITY OF DENTON, TEXAS ___________________________________ JANE RICHARDSON ASSISTANT CITY SECRETARY CITY OF DENTON, TEXAS