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Staff would ask for specific direction on three items: <br />(A) Zoning; move forward with open house, develop zoning proposal <br />(B) Recognized Environmental Conditions; move forward with RFP (request for proposal) <br />(C) Order commercial appraisal on the Subject Property <br />(2) Move forward with pursuing a residential development. <br />Considering the attached cost/benefit analysis, pursing option 2 makes less financial sense for the City, but <br />does not necessarily preclude residential development from a land use perspective. A negative reaction from <br />the public regarding residential development is unlikely. This development does not provide a complete <br />solution to finance the City's new fire station. A residential development would add to the City's tax base, but <br />appears would not to the level of a data center. <br />(3) Alternative direction. <br />Direct Staff to pursue a different direction. <br />NOTE: both options 1 and 2 hold a level of market risk that should be recognized. For example, it could <br />take years to fully develop the Subject Property; or, potentially no developers/buyers may step forward <br />altogether. <br />Action: <br />Motion to direct Staff to move forward with marketing and positioning the Subject Property for a data center user(s). <br />Specifically Including: <br />(A) Zoning; move forward with open house, develop zoning proposal <br />(B) Recognized Environmental Conditions; move forward with RFP (request for proposal) <br />(C) Order commercial appraisal on the Subject Property <br />Cost Benefit Analysis Final <br />Fire Station Funding (UPDATED) 03062013 <br />REF MAP <br />Development Scenarios Sketch Maps <br />Shovel Ready Program Invoice <br />Site Location Map <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 03/06/2013 03:35 PM <br />Form Started By: Patrick Brama Started On: 02/27/2013 <br />Final Approval Date: 03/06/2013 <br />