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quality project, (5) positive momentum in The COR continues; and the development community can see it!, (6) the <br />Council's general goal of selling tax-exempt surplus City owned land will be realized. <br />Generally, staff would recommend moving forward with the New PA as presented. However, it should be noted, <br />the Council may wish to discuss/ negotiate any term/ condition/ contingency. <br />2. Deny proposed PA <br />Unless a specific hardship or concern regarding the New PA can be identified by the Council, staff would not <br />recommend moving forward with this alterative. If the proposed agreement is terminated, the Staff would restart <br />marketing the subject property with CBRE. <br />3. Amend and approve proposed PA <br />The Council may wish to tweak or adjust provisions included in the proposed amendment. Staff would be happy to <br />make adjustments as requested by the Council. PSD, LLC will be present at the January 13 Council meeting to <br />discuss any proposed amendments. <br />Funding Source: <br />NA <br />Recommendation: <br />Approve the attached purchase agreement with PSD, LLC. for 13.97 acres of City owned land located within The <br />COR. <br />Action: <br />Provide the City Council with a general recommendation and comments. The EDA may make a motion. For <br />example: <br />Motion to recommend the City Council approve the attached purchase agreement with PSD, LLC. for 13.97 acres <br />of City owned land located within The COR. <br />Attachments <br />Proposed Project (site plan Oct 2014) <br />Property Profile and Listing <br />New PA (purpose of case 12152014) <br />Original PA (08062014) <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kathy Schmitz 01/02/2015 08:44 AM <br />Form Started By: Patrick Brama Started On: 12/26/2014 09:57 AM <br />Final Approval Date: 01/02/2015 <br />