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think they should be in the land ownership and development business in The COR but a half mile <br />to the west is a good idea. If it is a push forward for the EDA, it is something the Council would <br />consider. <br />Chairperson Steffen thought options two and three would be the best. <br />Mr. Dobbs stated option four was originally his suggestion and would work for their short-term <br />goals as well, but it would eliminate the land three hundred feet from the railroad tracks. <br />Member Riley stated he understood this was a motivated seller. He thought that pulling out of <br />the deal, and saying they want the business park removed from their land, does not make sense <br />because it does not sound like a win/win to him. He stated he was also not interested in pursuing <br />the City buying this but he would be interested in the City facilitating the purchase of the <br />property and trying to secure a motivated buyer. He indicated he was interested in pursuing the <br />Hageman expansion. The City has the time, but these options are being proposed with a timing <br />issue. <br />Member Hardin asked if staff has looked at option four with expanding to the forty acres north. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated that would be option five and the <br />City could pursue that option and move forward as -is. <br />Chairperson Steffen stated if they could facilitate a developer to purchase and go ahead with <br />option two; that is the win/win and creates a quick sale of the land. <br />Member Williams stated, given the context where they sit today, and the City neighbors and the <br />price the neighboring communities are offering for land in their business parks, she would like to <br />see a discussion on what the price would be and how the EDA would fund that acquisition. <br />RECESS AND RECONVENE <br />Motion by Williams, seconded by Skaff, to recess to Closed Session to discuss price. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Williams, Skaff, Hardin, and <br />Burandt. Voting No: Riley. Absent: Member Brunt. <br />Chairperson Steffen declared a recess at 8:05 a.m. to conduct a Closed Session. <br />Motion by Member Riley, seconded by Member Skaff, to reconvene the Open Session. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Riley, Skaff, Burandt, Hardin, and <br />Williams. Voting No: None. Absent: Member Brunt. <br />Chairperson Steffen reconvened the Open Session at 8:45 a.m. <br />Economic Development Authority/May 5, 2016 <br />Page 4 of 9 <br />