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NA <br />Observations/Alternatives: <br />Questions Received by Saff: <br />(1) Why does Stone Brook want to be located on Site #1 Why is being located near the center of The COR <br />important? Please see attached log for Site #1. Please see feedback from Stone Brook. <br />(2) Is Stone Brook a daycare or a pre-school? Please see attached log for Site #1. Please see feedback from <br />Stone Brook. <br />(3) Why does the pad ready site located north of Coborn's (the McDonald's sites, Site #2), not work for Stone <br />Brook? Please see attached log for Site #2. Please see feedback from Stone Brook. <br />Attached: <br />(1) background information (project, owners, benefits, term sheet). <br />(2) log for Site #1 and Site #2. Both updated (Council & Stone Brook comments added, simplified). <br />(3) MEMOs from CBRE. <br />(4) four site concepts (as requested by Council for PC to review) <br />(5) former Dominium senior apartment complex proposal. 120+ units, first floor parking. This proposal is not <br />allowed via the existing zoning disrict (i.e. COR-2 retail). In 2015, the City indicated they did not want to <br />see this project on this site, as it didn't fit the vision. This was added for reference purposes only. <br />Funding Source: <br />NA <br />Recommendation: <br />Staff is looking for direction to move forward with negotiating a purchase agreement with Stone Brook for Site #1, <br />or not. If the Council is comfortable with Site #1, staff would request any feedback possible, at this time, on the <br />following two items. <br />(1) Will the City require the road connection? The EDA, PC, and staff support a private road connection. <br />(2) Will the City require an internal road connection (as shown on Master Site Layout "B")? The PC supports <br />an internal road connection. <br />NOTE: staff is asking these questions because they will have a direct impact on the land transaction <br />negotiation. <br />Action: <br />Motion to: <br />Direct staff to negotiate a purchase agreement with Stone Brook Academy and Childcare Center for Site #1. <br />-or- <br />Direct staff to continue working with Stone Brook on selecting an alternative site (not Site #1). <br />Attachments <br />SITE 1 <br />Four Master Planned Sites (COR 2 Zoning) <br />Former Dominium Concept 2015 <br />CBRE MEMOS (2) <br />