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(3) EDA Feedback <br /> • From the perspective of development readiness,the EDA does believe this site is well-suited for this <br /> project. From a development perspective,the EDA is comfortable with this site—they are little/no <br /> issues—the site is ready to go (basically pad ready). <br /> • If Stone Brook would be willing to purchase this site,within the City's acceptable deal range,the EDA <br /> would likely support Stone Brook being located on this site. However,Stone Brook has indicated they <br /> cannot pay full price for this site. <br /> o Generally,some EDA members were concerned with request from Stone Brook to sell this site at <br /> "like cost" in comparison to their preferred site(Site#1). That would be a swing of$12 psf down <br /> to$3psf roughly. Some EDA members felt that was too much of a gap,and the City would be <br /> leaving too much land proceeds on the table. Generally, reducing land costs by said amount <br /> would require a formal business subsidy—which some EDA members voiced opposition. <br /> • Stone Brook only needs 0.9 to 1.0 acres. These sites are 1.23-1.35 acres. Some EDA members voiced <br /> concern about wasted space/land. <br /> Page 5 of 6 <br />