Agenda - Economic Development Authority - 09/01/2016

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Motion carried. Voting Yes: Chairperson Steffen, Members Burandt, Skaff, Burandt, LeTourneau, and Williams. Voting No: None. Absent: Members Brunt, Hardin, and Riley. 4. EDA BUSINESS 4.01: OGA Purchase Agreement Member Brunt arrived at 7:33 a.m. Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. He stated that staff recommends that the EDA go into closed session when prepared to discuss the terms of the deal. Motion by Member Skaff, seconded by Member Burandt, that the EDA go into closed session discussion to discuss the proposed OGA Purchase Agreement at 7:37 a.m. Motion carried. Voting Yes: Chairperson Steffen, Members Skaff, Burandt, Brunt, LeTourneau, Skaff, and Williams. Voting No: None. Absent: Members Hardin and Riley. The EDA returned to open session at 8:22 a.m. Economic Dev. Mgr/Assistant City Administrator Brama stated that they have struggled with finding the best location for the OGA site, noting that three options were outlined in the staff report. He stated that the best fit appeared to be the first location, to the south of Casey's. Community Development Director Gladhill stated that the site selected has the most challenges in terms of planning and zoning and would rely on a private road that has challenges on its own because the property is landlocked. He stated that at some point, Peridot Street would need to be constructed and noted that perhaps the revenue from the sale of properties in this area be reserved for construction of that roadway. Member Skaff asked if Casey's would ask for reimbursement as they constructed that private road. Community Development Director Gladhill explained that although Casey's constructed that roadway, the City owns it. Economic Dev. Mgr/Assistant City Administrator Brama stated that this agreement would place the remaining construction of the private drive from Casey's to this property on the developer. He stated that staff is attempting to accomplish a policy that would make it easier to review requests rather than reviewing elements on a case by case basis. Chairperson Steffen stated that the proposed location would seem to be the major issue. Brian Pankratz, Vice President of Land Services with CBRE stated that from a traffic standpoint, the location may not be ideal but this would fit into where development has started. He agreed Economic Development Authority/August 4, 2016 Page 2 of 6