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