Laserfiche WebLink
Motion carried. Voting Yes: Chairperson Steffen, Members Riley, Hardin, Burandt, Skaff, and <br /> Williams. Voting No: None. Absent: Member Brunt. <br /> 4. EDA BUSINESS <br /> 4.01: Future Business Park Update (Portions may be closed to the public) <br /> Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br /> Mr. John Dobbs indicated Mr. Brama presented the case well. <br /> Mr. Pearson stated he would like to work with the City in exploring different options. <br /> Chairperson Steffen asked if Mr. Pearson was in favor of a commercial use for the property. <br /> Mr. Pearson stated they would be in favor of any sale that would work for everyone involved. <br /> Mr. Dobbs stated they want this to be a win-win situation for both parties. <br /> Economic Dev. Mgr/Assistant City Administrator Brama reviewed with the Board the five <br /> different options available for the business park land. <br /> Member Riley stated the letter from Mr. Pearson indicates they would like to go ahead with <br /> residential and requests the City to stop pursuing the business park on the property and he <br /> wondered if that is what they wanted because it is not what he heard them just state. <br /> Mr. Pearson stated this is not what he wants but he has to sell some land and cannot wait for five <br /> to ten years and he knew the housing market was hot right now and has been told to sell for <br /> housing; however, this is not what he wants. <br /> Mr. Dobbs stated there is underlying high density but their preference would be to move the <br /> business park over to Hageman. Those are things they would like to explore and thought it <br /> would be a win/win situation. He stated he wrote the letter and discussed it with the family but <br /> would like to work with the City on what is best for everyone. He indicated he would like to <br /> explore all options for the Pearson family. <br /> Member Riley thought, based on the letter, the family felt the property was worth more as <br /> residential without the City as a partner then as a business park with the City as a partner. <br /> Mr. Dobbs stated it is a timing issue and what is selling right now is higher density, residential. <br /> Chairperson Steffen asked if there has been any interest from residential developers yet. <br /> Mr. Dobbs stated this is something he has done for a long time and there is always interest but it <br /> is a matter of time and value. He noted he wants to make the property as marketable as possible. <br /> Economic Development Authority/May 5, 2016 <br /> Page 2 of 9 <br />