Agenda - Economic Development Authority - 01/12/2017

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