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Chairperson Steffen asked if permanent green space is a possibility or do they need to have <br />flexibility to do something. <br />Mr. Lenhoff stated there is a solution to avoid speculative thought. He stated there is definitely a <br />solution that can work and speaking to the green space side, he would love having green space <br />and thought it would look nice. He stated they will do whatever is the best use for the property <br />and they want to have development there. <br />Member Riley thought a good discussion would involve development on the entire property. He <br />stated there is actually a lot of green space around this property. <br />Member Skaff asked if there is another option to sell them a portion of this parcel with an option <br />for AEON to expand in the future. He stated he would support that. <br />Chairperson Steffen asked if half of the proposed parcel would be ready for development. <br />Mr. Lenhoff stated they would like to have an option on the "green space" are for expansion. <br />Chairperson Steffen stated he loved the mission and the history of the projects previously worked <br />on by Aeon. He indicated he would like the discussion to continue and have staff and Aeon <br />work on some of the contingencies. <br />Motion by Member Skaff, seconded by Member Burandt, to recommend City Council approve <br />the attached purchase agreement between Aeon Portfolio II, LLC and the City of Ramsey for <br />3.38 acres of land located in The COR; subject to changes by the City Attorney with the <br />contingencies discussed. <br />Further discussion: Member Hardin asked if the motion included splitting the lot or some kind <br />of a development plan for the other half of the lot. Chairperson Steffen indicated that was a <br />possibility, or whatever the two parties may come up with. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Skaff, Burandt, Hardin, Riley, and <br />Williams. Voting No: None. Absent: Member Brunt. <br />4.03: Coastal Living Purchase Agreement for OUTLOT A of Ramsey Town Center 8th <br />Addition <br />Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br />Mr. Gleason made a presentation to the EDA. <br />Chairperson Steffen asked if Mr. Gleason is also the builder or does he work with builders. <br />Mr. Gleason stated he is an independent contractor and does not want to be involved in the <br />building but he will be involved and handling the design all the way through the project. He <br />noted he is currently talking with a few different builders for this project. <br />Economic Development Authority/May 5, 2016 <br />Page 7 of 9 <br />