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Future Alternative#5: Wait out Platinum Properties PA <br /> Continue to work with Platinum Properties to close on a purchase agreement for a 123,000 square foot spec <br /> industrial project located on 9.3 acres of City owned land,just south of Vision Ease Lens. If said purchase <br /> agreement does not close,this land will remain available. Thus,pressure on an immediate solution for a new <br /> business park would be temporary relieved. <br /> Future Alternative#6: Reconsider Big Picture Land Use Plan <br /> Depending on what happens over the next six months(i.e. does the Pearson property sale close,can we get <br /> the Hageman Holdings School site rezoned for business park, etc.),the City may want to take a step back and <br /> reconsider the big-picture land use plan for the several hundred acres of land available for development, <br /> located west of the new Armstrong Interchange, on both the north and south side of U.S.Highway 10. <br /> Perhaps,the City should consider moving the business park to the south side of U.S. Highway 10. <br /> Funding Source: <br /> NA <br /> Recommendation: <br /> Provide the City Council a recommendation. <br /> Action: <br /> Motion to recommend the City Council: <br /> Direct staff to begin the process of purchasing the Pearson Property <br /> --or-- <br /> Don't Purchase Pearson Property,bring this discussion back in the future to consider additional alternatives. <br /> Attachments <br /> Ref Maps <br /> Right of First Refusal to Purchase Real Estate Agreement <br /> Economic Development Analysis <br /> Infrastructure Analysis <br /> Form Review <br /> Inbox Reviewed By Date <br /> Kurt Ulrich Kurt Ulrich 10/31/2016 03:42 PM <br /> Form Started By:Patrick Brama Started On: 10/31/2016 10:16 AM <br /> Final Approval Date:10/31/2016 <br />