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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 PSD's acceptable price range,the EDA would <br /> likely support Stone Brook being located on this site. However,Stone Brook has indicated they cannot <br /> pay full price for this site. <br /> o Generally,some EDA members were concerned with the request from Stone Brook to purchase <br /> this site at"like cost" in comparison to their preferred site(Site#1). That would be a swing of <br /> $12 psf down to$3psf roughly. Some EDA members felt that was too much of a gap,and that <br /> the City would be required to provide a formal business subsidy to cover the gap—which some <br /> EDA members voiced opposition. <br /> Page 5 of 6 <br />