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would happen regardless and they would use the proceeds from the sale of this to supplement the <br />cost of the fire station. <br />Member Hardin asked if the fire station is moving forward because it is needed or because of this <br />project. <br />Member Riley stated there is a need that is being moved up because of the sale of the land. <br />Member LeTourneau disagreed and stated they need to look at the timeline and the things that <br />have occurred in the last six to twelve months. He felt the Fire Station 2 project has been on a <br />progressive track over the last six to twelve months and escalated in 2014. He indicated there is <br />a cost to this and NIK has given the City an offer and they have structured what it is worth to <br />them. He stated they could trade one for the other and if the City asks for more earnest money, <br />he thought NIK may offer the City less money per acre and they would probably end up with the <br />same deal in the end. <br />Chairperson Steffen indicated he would make the trade of less money and more earnest money. <br />Economic Development Manager /Assistant City Administrator Brama stated this could still be <br />open for negotiation and he did not feel it would hurt to ask NIK for more earnest money and see <br />what their response would be. <br />Member Riley stated if they are concerned about Phase Two, that is a $326,000 purchase so <br />$5,000 is getting closer to their proposed policy. He thought a lot of the contingencies about not <br />closing are on the City's end. <br />Motion by Member LeTourneau, seconded by Member Skaff, to recommend to City Council <br />consider adopting the Purchase Agreement with NIK Management, Inc. with the flexibility of <br />having staff continue to work with NIK to increase the earnest money aspect. <br />Further discussion: Member Riley stated they should also indicated that Option C with the cul- <br />de -sac should be removed and also indicate the type of housing should be the same as what is on <br />either side of this parcel. Development Services Manager Gladhill stated if they are comfortable <br />with what is there their base zoning code will take care of that. If they start asking for that to be <br />a little bit more, it might impact the price range because lots tend to change hands and if they do <br />not deliver what was promised as part of the discussion residents may come back to the planners <br />with their expectations. Chairperson Steffen asked if there was architectural language in the <br />Purchase Agreement. Economic Development Manager /Assistant City Administrator Brama <br />indicated there was not. Development Services Manager Gladhill stated he would prefer no <br />language be included in the Purchase agreement. <br />Motion carried. Voting Yes: Chairperson Steffen, Members LeTourneau, Skaff, Brunt, Hardin, <br />Riley, and Williams. Voting No: None. Absent: None. <br />4.03: Consider Forwarding New Policy for the Sale of City Owned Land to the City <br />Council <br />Economic Development Authority /January 8, 2015 <br />Page 6 of 10 <br />