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Member Williams asked how big the remnant parcel was. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated it was a half -acre. <br />Member Burandt asked of the five sites recommended, is this the preferred site because it seems <br />like there are several challenges. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated this is in The COR Two zoning <br />district so it meets the zoning perspective and from a master plan perspective this is more of a <br />retail area. The issues on this site are going to be issues they will need to deal with regardless of <br />Prestmore. They talked about different areas where this business could be placed but this site <br />was the Johnson's preference. <br />Member Brunt asked what was the size and price of the lot across the street next to the Medical <br />Examiners building <br />Economic Dev. Mgr/Assistant City Administrator Brama stated the lot next to the Medical <br />Examiners site is a PSD lot and they are asking $10 a square foot. PSD is currently considering <br />a multi -tenant building deal and Prestmore wants to be the owner of their own project and are not <br />interested in having a third -party developer. <br />Member Riley stated in regards to the remnant, it appears they are essentially deciding the <br />remnant has to happen or does that issue need to be decided first and then after decide how else <br />they want to proceed because they do not have a remnant yet but he felt a decision might be <br />made where they will be creating it. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated at some level they have already <br />created the remnant parcel regardless of this project and they have set themselves up by selling <br />off the common bond property the way they did, by having the road designed where it is and <br />having the intersection run where it is. With moving forward, they are confirming what has <br />already been decided. <br />City Administrator Ulrich did not think a remnant piece of land is particularly a bad thing. It is <br />an opportunity for a small business to build onto a corner. This is a small parcel, potentially <br />affordable in an urban area. This could be looked at as an opportunity. <br />Community Development Director Gladhill stated this is a very conceptual design. Planning and <br />development has not had a chance to do a full analysis. This could be a part of a broader parking <br />strategy and part of the parking district with surface parking or other parking strategies. There is <br />use for a %2 acre parcel. <br />Chairperson Steffen wondered if a child care facility would fit into that area because he never <br />envisioned something like that being there. <br />Member Skaff thought there was a need for a child care facility in The COR, maybe not on this <br />site. <br />Economic Development Authority/December 8, 2016 <br />Page 4 of 11 <br />