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Commissioner Look stated if the second party is higher he would advocate going back and talking to them. Why are we picking and choosing which ones we are doing free market for we are not subsidizing one against the other. He stated he did not want any exclusivity unless someone wants to pay for it. There is nothing like letting people know others are interested — it builds an incentive. Discussion ensued relating to ability to pick and choose and what has been said to one or the other - Commissioner Wise cautioned that our word is gold. Commissioner Elvig stated to be careful about saying pick and choose. He agreed at times we will pick and choose but he did not feel we want to start that precedent. We can pick and choose by money only. He asked if there was a consensus that we send Mr. Lazan to say we are not interested unless they substantially increase the price. Commissioner Wise stated we are going with the original. Commissioner Ramsey asked if the consensus is we are not interested at this time and we will let them know if anything changes Commissioner Elvig and Chairperson Dehen stated we could say we are not interested unless they raise their offer significantly and there are no subsidies. Commissioner Look stated we did not go through a bidding process. We need something in the ground. This is a live one and we should get going on it. In the future when we have less land, let's start playing ball. Consensus was to cut them lose and contact them if something changes. Case #3: Consider Proposed Development at NE Quadrant of Ramsey Boulevard and BNSF Railroad Development Manager Lazan stated this site was the subject of efforts in the past to locate a gun range and pro shop facility. After discussions back and forth, the Development Team reached out to the proposed business owner in an effort to structure a deal within The COR for this user and several sites were explored. After considerable discussion, it appeared the use may best be suited for the original property. If this is acceptable to everyone, he would bring an offer back to the next HRA meeting. The user can move forward with the project on the piece of land on the east side of Ramsey Boulevard outside The COR. He talked about some of the concerns with areas inside The COR for this type of business. We reworked that site plan to get three pads on that site plus we are working on parking configurements. He stated this is outside The COR so he is asking the HRA to extend his contract outside The COR. He noted that a considerable amount of time had been spent on this and he would like to close the deal. He proposed a scaled - down version of his agreement in The COR and he would like to fine -tune this and bring it back. Commissioner Ramsey stated he is not confident in this site plan as we need to know the on and off ramps; however, he is fine with the project. Housing and Redevelopment Authority / October 5, 2010 Page 6 of 11