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(3) EDA Feedback <br /> • The EDA did not discuss this site in great detail. <br /> • From a user perspective,the EDA generally appears willing to consider this site. <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 /> 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$6 psf down <br /> to$3psf roughly. <br /> Furthermore,the cost of internal roads/Peridot/Veterans are all unknown at this point,would <br /> likely be significant,and would likely make this site not feasible for Stone Brook. <br /> o Some EDA members felt that was too much of a gap,and the City would be leaving too much <br /> land proceeds on the table. Generally, reducing land costs by said amount would require a <br /> formal business subsidy—which some EDA members voiced opposition. <br /> Page 5 of 6 <br />