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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 />