Agenda - Council - 07/28/2015 - Laserfiche WebLink

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Development Services Manager Gladhill stated the plan is more of a snapshot in time and meant to be flexible. It was an estimation of what it could look like. Econ. Dev. Mgr/Assistant City Administrator Brama stated if there is a high level of interest in this project, staff plans on bringing it forward to the Planning Commission to do a full blown land use review, which would eventually make its way to the EDA and City Council. What they are proposing is if there is interest in this project, to move forward with the LOI and as soon as they receive it back they will go through a detailed review with the Planning Commission, the EDA and the City Council. Member Riley stated he appreciated the work staff has done. He stated if the current ask was the final answer, he knew what his answer would be. If Dominium came down to a reasonable ask, then they can have a discussion. He did not want to see the developer try to find out how much the City is willing to subsidize and then have the developer figure out how little they would need to put in. He felt this was a backwards way to approach this. He wanted to figure out what is the most the developer can put into it and then if there is a real funding gap, the City would then consider this. He felt this was where the EDA could help the Council out a lot. He did not like the way Dominium went about doing this. Chairperson Steffen did not think they were opposed to it at the concept level. He did not think they wanted to put a lot of time and effort into researching this but he thought they could go back to Dominium with a counter offer and leave it to staff and Ehlers to come up with the details and then have the Planning and Zoning Commission have a discussion. The EDA Board Agreed. 4.02: Consider Purchase Agreement with WESTCO Properties LLC Econ. Dev. Mgr/Assistant City Administrator Brama presented the staff report and asked the Commission to consider the Purchase Agreement with WESTCO Properties, LLC. He noted this item could be discussed in a Closed Session if the Commission wished. Chairperson Member Steffen felt they should go into a Closed Session if they were going to discuss a counter offer. Motion by Member Skaff, seconded by Member Hardin to move to a Closed Session. Further discussion: Member Riley agreed there should be a discussion about a counter offer but he was not sure it should be discussed at this level because if they discuss it now it will potentially need to be discussed again at the City Council level. Chairperson Steffen asked if Council and staff are just looking for a recommendation from the EDA for the City Council to consider a counter offer. Econ. Dev. Mgr/Assistant City Administrator Brama stated that was up to the Board to decide and if the Board would like to discuss the specifics, staff would take that direction; however, if the Board is comfortable moving forward with that general direction staff would be happy to move it on to the City Council. Commissioner Skaff did not recall that the Board ever developed a counter offer in specific dollar terms. Economic Development Authority/June 4, 2015 Page 5 of 9