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HomeMy WebLinkAboutCAO-09-034 - Centre Block Business Liason CommitteeREPORT REPORT T0: Council DATE OF MEETING: April 15, 2009 SUBMITTED BY: Rod Regier PREPARED BY: Rod Regier' WARD(S) INVOLVED: All DATE OF REPORT: June 5, 2009 REPORT NO.: CAO-09-034 SUBJECT: CENTRE BLOCK BUSINESS LIAISON COMMITTEE RECOMMENDATION: That Council establish a Centre Block Business Liaison Committee under the attached Terms of Reference. BACKGROUND: In May, City of Kitchener staff held consultations with the Downtown Kitchener Business Improvement Area Board, the KBIA's Building Owner Consortium, the Downtown Advisory Committee and the Economic Development Advisory Committee about the Agreement of Purchase and Sale for Centre Block to Andrin Investments Ltd. Feedback from these groups focused on three main themes: 1. Accelerate the redevelopment of the former Mayfair Hotel and 156/158 King 2. Establish a firm date for the installation of the Model Suite and Sales Office 3. Establish a specific inflation index for the control of costs for City parking on Centre Block REPORT: The Agreement of Purchase and Sale has been amended to address each of these issues. Both Andrin and the Kitchener Downtown Business Improvement Area have expressed interest in working together to insure that the timing and marketing of the project are optimized to move the project forward as quickly as possible. Andrin specifically proposed that a liaison committee be established to coordinate communication with the business community and the City of Kitchener on Centre Block matters. A Terms of Reference for the Committee are attached. Staff propose that the Centre Block Business Liaison Committee consist of two representatives from the City of Kitchener -the Executive Director of Economic Development and the Manager of Downtown and Community Development; two representatives from the Downtown Kitchener Business Improvement ArealDowntown Kitchener BIA Building Owner's Consortium and two representatives from Andrin Investments Limited. The Downtown Kitchener Business Improvement Area has suggested that there be two representatives from each of the Downtown Kitchener Business Improvement Area and Downtown Kitchener BIA Building Owner's Consortium. Council input in this regard is being sought. FINANCIAL IMPLICATIONS: None ACKNOWLEDGED BY: Rod Regier City Centre Downtown Liaison Committee Purpose The Committee will coordinate the exchange of information between Andrin, the Downtown business community and the City of Kitchener about the Centre BlocklCity Centre Condominium marketing campaign and the timing of development of the City Centre Sales Office and Model Suite and explore opportunities to accelerate the redevelopment of the heritage buildings on Centre Block either as proposed by Andrin or under alternative scenarios. The objectives of the Committee are to: • Review the marketing of the City Centre project • Review the timing of the installation of the Sales Office and Model Suite to optimize a successful sales strategy • Develop a project plan to expedite the King Street (Heritage buildings} redevelopment. Committee Participants The Committee will consist of: • The Executive Director of Economic Development -City of Kitchener • The Manager of Downtown and Community Development- City of Kitchener • 2 Representatives from the Downtown Kitchener Business Improvement Areal Downtown Kitchener BIA Building Owner's Consortium • 2 Representatives of Andrin Investments Limited. Committee Chair The Committee will be chaired by the Executive Director of Economic Development for the City of Kitchener. Meetings The Committee will meet on a quarterly basis, or more frequently as required, beginning June 2009 and concluding with the commencement of construction of Phase 3 of the project. Committee work will commence immediately on the development of a plan to facilitate the redevelopment of the heritage buildings on Centre Block Committee Support The work of the Committee will be supported by the Executive Assistant to the Executive Director of Economic Development.