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