Agenda - Economic Development Authority - 01/10/2013

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properties along the north side of Highway 10. One of those properties is 6701 Highway 10, known as Youth First building ("Subject Property"). The Subject Property contains a two small retail spaces (front) and a large cold storage facility (rear). The front of the Subject property is rented by Youth First Community of Promise and Northern Light Church. The rear cold storage portion of the property has remained vacant since October of 2012. A prospect the City was working with to rent the rear of 6701 has recently gone cold. Staff is placing a real estate banner on the Subject Property and updating various online listings. Private Property Purchase (City), 8019 146th Ave The City recently attained a signed purchase agreement for the property located at 8019 146th Ave. Said property is being purchased by the City for the future right of way (ROW) of Armstrong Boulevard. The City Council will be reviewing said purchase agreement in the coming weeks. More updates to come. City Owned Land Sale, Windsorwood As part of the Council's 2011 and 2012 strategic planning process, developing an inventory of surplus City owned land was identified as a priority. A parcel located at 178th Ave and Vicuna St, known as the Windsorwood property, was identified as surplus City owned land ("Subject Property"). With Council direction, Staff has worked with nearby property owners to negotiate a sale of the Subject Property. The Council will be considering an offer of $40,000 from David Pomroy to purchase the Subject Property at the January 8 City Council Meeting. Funding Source: NA Staff Recommendation: NA EDA Action: NA Attachments Business Journal Article Data Centers Windsorwood Sale For Lease Banner 6701 Hwy 10 Profile Form Review Inbox Reviewed By Date Kurt Ulrich Kurt Ulrich 01/03/2013 03:15 PM Form Started By: Patrick Brama Started On: 12/28/2012 Final Approval Date: 01/03/2013