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Development Manager Lazan clarified that the HRA is precluded from selling land for <br />speculative purposes. The plans would be viewed and discussed in the public arena and <br />opportunity provided to comment and express concern as sales come forward. Development <br />Manager Lazan stated the HRA has an obligation to see the plans and precisely what will be <br />constructed. <br />Mr. Gleekel asked if this is the case even if there is no public financing. <br />Development Manager Lazan answered in the affirmative. <br />Councilmember McGlone stated the public are the stakeholders of this property but the City <br />cannot control what happens on the other side of Armstrong Boulevard so, theoretically, a <br />grocery store could be closer to Coborn's than The COR property could provide. He stated he <br />was hesitant to consider a grocery restriction, noting the City has already demonstrated its intent <br />in the past to be good neighbors and gone to extraordinary measures to help Solomon's <br />development. <br />Mr. Gleekel stated it sounds like there is some protection but the secondary sale may be a <br />concern, even if there are City requirements. He stated that the exclusivity has a lot of <br />connotation and Solomon Group understands that asking for this from the City who has <br />supported it takes a lot of "guts," but Solomon Group wants to say it is here for the "long haul." <br />Solomon Group wants its center to remain economically viable. <br />Councilmember Tossey questioned who is being asked to hold the restriction. <br />Mr. Gleekel stated if approved, the concept is that the restriction would be a covenant on the <br />land. He noted the tenant does not have a fee ownership but the restriction could be drafted to <br />provide protection to Coborn's so when the time comes, they will renew. <br />Councilmember Elvig commented on the history of this property and noted that Coborn's has <br />become a destination and is doing well. With regard to the realignment, he stated he does not see <br />that sight lines are being varied and believed the overpass will be a plus for Coborn's. He noted <br />that having a restrictive covenant in The COR means the use will go across from Armstrong <br />Boulevard or Highway 10. He believed the City had done an outstanding job of "playing <br />partner" and while there is an adjustment, he does not think the "sky is falling on it." <br />Councilmember Strommen stated she agrees with Councilmember McGlone that the HRA only <br />controls a small part and it does not make sense to restrict one small piece because it does not <br />solve the problem Solomon Group is expressing as a concern. She stated she understands the <br />concern about visibility but there are other Coborn's locations with lower visibility and access <br />that are still successful. <br />Councilmember McGlone commented on the downside of restrictive covenants that can result. <br />City Council Work Session / May 1, 2012 <br />Page 3 of 15 <br />