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DRAFT DOCUMENT,INTENDED FOR CONCEPTUAL CONVERSATIONS ONLY,CHANGES WILL OCCUR <br /> (B)City consider purchase of the Pearson Properties parcel. Staff does believe sufficient justification and <br /> funding is available to implement this option. However, if this is something the City has interested in pursuing, <br /> staff would recommend it be discussed in closed session—for the sake of an effective negotiation process. It <br /> is likely the City could lease this property back to Pearson Properties for farming until it is developed—which <br /> would keep it on the tax rolls,and may generate some revenue. <br /> (3) EXPAND BUSINESS PARK ON HAGEMAN ®`�""'' "" '"`-`''�"'' �',1•�I��fIIA®�i� �- �1 <br /> .- A'l•PINEIDR7NW2�;.,_.�_.-.�� � <br /> HOLDINGS PROPERTY <br /> Hageman Holdings owns an 86 acre"school site" - �, ■ <br /> located just north of the proposed business park : ,' '''"id <br /> � ®� <br /> (north side of Bunker Lake Boulevard). Hageman '„- _ Y;_ <;.• <br /> Holdings has indicated they may not need the entire p`4 <br /> 86 acres for a future school campus—there may be <br /> 40-50 acres available to be converted to business park ° <br /> zoning. Although Hageman Holdings has indicated a _ <br /> willingness to pursue this option,they cannot commit <br /> to this option until a deal is signed with a school. That <br /> timeline is highly variable—could be this year(i.e. <br /> PACT),could be 10 years out. Additionally, it's <br /> unknown how much land will be leftover/available <br /> for the business park. l°' uriK k,r+wt:a Vn"° <br /> Staff believes this is a viable and worthwhile option to 1 R <br /> pursue. However,due to the various uncertainties, <br /> especially timing,this option is not available today. <br /> This is an option staff will continue to monitor moving <br /> forward. <br /> (4) SUBDIVIDE PEARSON PROPERTY, PARTIALLY 41 Pip_D4 1i I-J ' <br /> USE FOR BUSINESS PARK <br /> Pearson Properties is willing to subdivide their parcel, 04- donk <br /> 121 <br /> and leave portion for the purpose of a business park. `= <br /> Pearson Properties would be most interested in ; rLN NVI , <br /> letting the southern portion of their property, near IN <br /> the BNSF railroad, remain business park. The r <br /> remaining portion of the Person Properties parcel : :. <br /> would be guided for residential. <br /> This option is an attempt from Pearson Properties to ' <br /> find a reasonable solution that can help both the City <br /> and Pearson Properties achieve their goals. Pearson <br /> Properties has indicated a strong desire to work with :~ <br /> the City. A ► _Sb N t '�' n rn <br /> Staff does not believe this specific option is ideal for Hageman <br /> the City for same reasons outlined in option#1. Staff - <br /> believes the City would be better off pursuing option <br /> #2 or or#3. From a land use perspective,staff would be concerned with setbacks/transitions from industrial to <br /> residential. The original proposal utilized the 300'+natural wetland to separate the competing uses. <br />