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Member Williams stated there are a lot of firms out there that do master development. Kraus <br />Anderson acts as a master developer but they do not own the land. There are other firms like that <br />which come and discuss with the EDA what they would provide and how they would partner <br />with the City. She thought that whatever the City wants that partnership to look like they could <br />find someone that would be able to provide that. They need to think about the partnership and <br />structure the payment for that. She suggested they get people in to talk to the EDA and learn the <br />options before they decide. <br />Member Skaff asked if the new agreement were to start the first of February and is there an <br />interim agreement that could run until a decision is made. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated CBRE is willing to work with <br />the City until a decision is made. <br />Chairperson Steffen thought they needed to discuss this further with the City Council and have <br />some consultants come in to talk to them to provide them options before a decision can be made. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated based on EDA input, what they <br />should do over the next few meetings is to have people come in and discuss the options, and then <br />the EDA can define the scope of expectations and staff can do an RFP. He thought having the <br />first few interviews will give the EDA a better base of knowledge and what is available that will <br />allow the EDA to define the scope that they want for an RFP. <br />The EDA consensus was to bring this back to the February 2017 meeting with various agencies <br />for review and discussion in order to define the scope of what the EDA is looking for a <br />brokerage firm to provide. <br />4.03: Future Business Park: Consider Rezoning Hageman Holdings Site <br />Economic Dev. Mgr/Assistant City Administrator Brama stated the purpose of this item is to <br />consider directing staff to rezone Lot 1 Block 1, and Outlot B, of Alpha Plat, to allow for a <br />business park and quasi -public uses and to consider updating the previously completed Bolton <br />and Menk infrastructure analysis to account for the change to Legacy Christian Academy parcel, <br />and the change to the Pearson parcel. <br />Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br />Chairperson Steffen asked if they have started conversations with Capstone regarding the cost <br />sharing. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated staff met with Capstone recently <br />and they are in the process of completing their first site concept for the ninety acres. He stated a <br />lot of the expectation they have set with Capstone is that the City is not committed to anything <br />now and they are starting from zero and it is a renegotiation process. <br />Economic Development Authority/December 8, 2016 <br />Page 9 of 11 <br />