Agenda

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Item # 5.

Work Session and Regular Meeting

Meeting Date:	12/10/2019
Department:	Development Services

AGENDA CAPTION:

Present and Discuss an Update of the Addison Circle Special Area Study Presentation Made to The Urban Land Institute and Next Steps for the Implementation of the Transit-Oriented Development Adjacent to the Silver Line (Cotton Belt) Commuter Rail Project.

BACKGROUND:

In February of 2019, the City Council formally adopted a vision and guiding principles for the properties adjacent to the Silver Line (Cotton Belt) Regional Rail Line. Following Council's adoption of the vision and guiding principles, Staff presented the vision to the Urban Land Institute at the organization's Fall Conference in Washington DC during a panel advisory session. At this session, a panel of ULI members and development experts provided feedback regarding the adopted vision. While mostly positive feedback was received, the panel did offer suggestions that the Town might consider before finalizing the vision and selecting a development partner. Locally, staff presented to the ULI Transit Oriented Development (TOD) Product Council, a group of local development professionals focused on TOD type development. This group shared similar feedback regarding the plan.

Staff will present an overview of the ULI discussion and request direction from Council regarding the vision. Additionally, staff will discuss next steps in the process for selecting a development partner.

RECOMMENDATION:

Staff requests direction from Council.

Attachments
Presentation - Addison Circle Special Area Study Follow-up Discussion