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that Peridot would eventually have to be developed but noted that at some point in the future a <br /> larger building will go in that area to support that construction. He stated that this additional <br /> medical use would help to create a medical campus in that location because those uses tend to <br /> group together. He referenced the 1.69-acre site and noted that site would leave a lot of open <br /> space around the lot because the building would not require that much land. <br /> Community Development Director Gladhill stated that planning does support this use and <br /> believes that it would fit into the site, noting that he simply wanted the EDA to understand the <br /> complications with traffic and flow. <br /> Member Williams stated that she finds this proposal to be most appealing as she would not <br /> support uneconomical remnants of parcels, especially along Sunwood Drive. She did not want to <br /> see pieces of properties that cannot be developed as development occurs in The COR. <br /> Member LeTourneau asked the viability of a .69-acre parcel, as this user would only require one <br /> acre and that would be the leftover portion of the 1.69 acre. <br /> Mr. Pankratz stated that to build a building of that size would have a very high cost. He noted <br /> that usually a smaller user will go into a multi-tenant building to save on those building costs. <br /> Chairperson Steffen asked and received confirmation that the three acres behind the parcels <br /> would still be available for development and this would not impair the ability to develop that <br /> land. <br /> Chairperson Steffen verified the consensus of the EDA to work with OGA on their desired site. <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated that the terms and conditions <br /> were discussed in closed session and consensus was reached on the location. He noted that this <br /> item will move forward to the Planning Commission tonight and the City Council on Monday. <br /> 4.02: 2017 EDA Workplan <br /> Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. He <br /> highlighted major changes to items seven and four. <br /> Chairperson Steffen stated that this is very well done and thorough. He asked for clarification on <br /> item three on the change log document as two consulting firms are referenced. <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated that is an error, noting that the <br /> City is using Hakanson Anderson to manage and administer the process. He provided an update. <br /> Chairperson Steffen confirmed the consensus of the EDA in agreement with the 2017 EDA <br /> Workplan as proposed. <br /> Economic Development Authority/August 4, 2016 <br /> Page 3 of 6 <br />