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EDC staff report: Water Street garage demolition begins; EDA grant reimbursement explained; ELS and Parkview projects advancing
Summary
Staff reported site prep and imminent demolition at the Water Street parking garage, described how a $3 million EDA grant reimburses eligible costs at 66%, and gave construction updates on ELS and the Parkview multifamily project.
EDC staff updated the board on several active Dickinson development projects, reporting work at the Water Street parking garage, progress at the ELS site and permitting and mitigation steps for the Parkview multifamily development.
The most immediate update concerned the Water Street parking garage site: staff said site preparation is complete, job‑site trailers and fencing are in place, the demolition contract is being finalized and the project team submitted a pay application for $1,000,000. “As of today, we just received a, $1,000,000 pay application,” staff said. The board’s staff explained how the Economic Development Administration (EDA) grant works: the city pays invoices and submits proof, and the EDA reimburses 66% of eligible expenditures until the city has been reimbursed up to the $3,000,000 grant total.
At the ELS construction site, staff reported recent delivery of structural steel, removal of an interior wall and ongoing work to add a second floor, followed by interior finish‑out work. On Parkview (the multifamily residential site), staff said final permits were expected in one to two weeks pending resolution of detention slope comments and final Water Control and Improvement District (WCID) approval; the builder has a $100,000 check ready to reserve capacity with WCID. Staff said Alliance Residential has secured financing for Parkview and that finishes reviewed at the developer’s Houston office suggested rents may be higher than originally anticipated.
Staff also reported that the city requested using the Illinois Street building for storage to end an off‑site storage lease and save roughly $6,000 a year; the building will not be used for offices but for records storage pending dehumidification work.
No board action was required for these updates; they were provided for information and future agenda planning.
