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CCDA Minutes - 09/01/2015 City of Tigard City Center Development Agency CCDA Meeting Minutes September 1, 2015 6:30 p.m. 1. CITY CENTER DEVELOPMENT AGENCY BOARD A. Chair Cook called the meeting to order at 6:37 p.m. B. Deputy City Recorder Alley called the roll: Name Present Absent Chair Cook ✓ Director Goodhouse ✓ Director Henderson ✓ Director Snider ✓ Director Woodard ✓ C. Call to CCDA and Staff for Non Agenda Items—None stated. 2. APPROVE CITY CENTER DEVELOPMENT AGENCY MINUTES Director Woodard motioned to approve the June 2,2015 CCDA Minutes.Director Goodhouse seconded the motion.Motion passed by unanimous vote of the board. Name Yes No Chair Cook ✓ Chair Goodhouse ✓ Chair Henderson ✓ Chair President Snider ✓ Chair Woodard ✓ 3. BRIEFING ON THE SOUTHWEST CORRIDOR/DOWNTOWN ZOOM-IN Community Development Director Asher and Metro Representatives Brian Harper summarized the staff report accompanied by a PowerPoint presentation which was entered into the record.Mr.Asher reported the most dramatic change has been around stations.Tigard is fortunate to have the project swing through the Triangle and go to downtown;this is where the city wants the most change. It is not pre-proposed that there will be High Capacity Transit(HTC)in Tigard.The SW Corridor has a long way to go before it becomes a reality.The SW Corridor is about transportation,land use,walkability and livability. Mr. Harper introduced Metro Representative Matt Bihn and TriMet Director of Project Development David Unsworth.Mr. Harper stated the SW Corridor is about providing opportunities for Tigard's downtown and The Triangle.There has not been much change since the last briefing.There will be oversight committee meetings in October and November with dates to be announced soon. Mr. Harper reviewed the alignment options still being considered. He highlighted examples from around the area that have livability with HCT and are transit oriented development(TOD).He noted the importance of partnerships,especially at the city TIGARD CITY CENTER DEVELOPMENT AGENCY MEETING MINUTES—SEPTEMBER 1,2015 City of Tigard 1 13125 SW Hall Blvd.,Tigard,OR 97223 1 www.figard-or.gov I Page 1 of 3 level,to make these types of projects successful.These TOD projects are unique because they are being built from the ground up using transit dollars. Director Henderson asked how much of the $500 million in private investment was TOD funded. Mr. Harper answered he estimates$1-1.5 million each budget year. Mayor Cook stated he wished for the line on Ash Avenue to be completed.Mr.Asher commented to get that done the city will need to work with TriMet which is aware of the city's desires. If the city goes in with other jurisdictions that line will have a better shot at being completed. Mr. Unsworth said TriMet was working with Portland Western Railroad,but it is going to take a long time. Chair Cook shared his concern that the map in the packet only shows an overpass on 217 carrying HCT and not other transit options like autos. It was confusing not having all intended use options on the map. Mr. Asher said the reason the map attached was chosen is because it is the staff's recommended option.The auto conversation is confusing because it likely will not be funded by the FDA. As it is decided where the HCT alignment can go it is going to get confusing where some of the bridges can or cannot carry cars. Mr. Unsworth said without the FDA, funding sources are more competitive and would rely more on shared investment. Chair Cook asked what the future goal was for transit connections. Mr. Unsworth replied it is for light rail to extend to downtown Portland all the way to Bridgeport,but conversation is still needed about the bus transit to Tualatin and Sherwood. Chair Cook thanked staff,Metro and TriMet for the presentation. 4. UPDATE ON THE BURNHAM AND ASH REDEVELOPMENT Community Development Director Asher,SERA Architects Developer Sackett and SERA Architects Principal Shultz presented the staff report accompanied by a PowerPoint presentation which was entered into the record. Mr.Asher said staff has been working on this urban mixed use project for years and all are excited to see the project underway.The city had not yet conveyed the property to the partner but it is well on its way. Mr. Sackett said the project had been through the land use review by staff and was approved and is most of the way through plan check.There were title issues on the property outlined in the development agreement with all issues being removed successfully,demolition is done,the roadway easement will be insurable,all signatures have been collected to transfer the property and the filing fee is the only remaining task to be done. There is strong interest with six lenders with a short list of three with a final decision by the end of this week. The project is about six weeks away from closing at which time the construction can start.All things are lining up to begin right away. Director Woodard asked if there had been any barriers to change the financing.Mr.Sackett replied there were changes to the design making the four story building a three and a half story building due to the calculations being about the floor area instead of the number of stories.Also the calculations get rounded down affecting the loan/debt financing.We are going to get less tax exemption than expected affecting operating expenses. Mr.Shultz stated the city of Tigard and Capstone have been great partners and is looking forward to breaking ground in October if all continues to go well. Chair Cook thanked staff and SERA staff for their presentation and shared his appreciation for the accommodations made to meet the desires of the community. TIGARD CITY CENTER DEVELOPMENT AGENCY MEETING MINUTES—SEPTEMBER 1,2015 City of'Tigard 1 13125 SW Hall Blvd.,Tigard,OR 97223 1 www.6prd-or.gov I Page 2 of 3 5. NON AGENDA ITEMS—None 6. EXECUTIVE SESSION—None 7. ADJOURNMENT At 7:41 p.m.Director Goodhouse motioned to adjourn the meeting.Director Snider seconded the motion and all voted in favor. Name Yes No Chair Cook ✓ Director Goodhouse ✓ Director Henderson ✓ Director Snider ✓ Director Woodard ✓ z Norma I.Alley,Deputy C6 ecorder Attest: w_a Chair 6 ity Center Development Agency Date:L +6I0JLJ J/= TIGARD CITY CENTER DEVELOPMENT AGENCY MEETING MINUTES—SEPTEMBER 1,2015 City of Tigard 1 13125 SW Hao Blvd.,Tigard,OR 97223 1 www.figard-or.gov I Page 3 of 3 a