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City Administrator Ulrich stated child care facilities are placed in transitional zoning areas in <br /> many cities. <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated in the closed session memo there <br /> is a staff recommendation and if the EDA is comfortable with what staff has put together then <br /> there is no need to go into a closed session at this time. <br /> Chairperson Steffen asked if they are setting a precedent by selling this land at $2.50 and have <br /> they sold anything else for that price and will it establish pricing to the west of this site. <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated the ability for someone to look <br /> up the price they have done deals at is public information. It is possible that the next person that <br /> comes in does some research and finds the City sold a property at a price that was lower than <br /> asking price and asked for the same deal but more than likely they will not get into that. He <br /> stated they can sell this parcel for$2.50 and sell the next parcel for $5 a square foot and the City <br /> gains discretion. There is no legal requirement for the City to continue selling property at $2.50 <br /> a square foot. <br /> Member Williams stated she strongly believed there should be a master developer on this site, <br /> which would alleviate some of the problems that they are dealing with. She stated they should <br /> not discount this remnant parcel. She was really concerned they would end up with another <br /> parcel like the u-shaped parcel where in the end they sit on it for a number of years and end up <br /> giving it away. She stated they would not only be discounting the value of the land to zero but <br /> also the potential of holding a portion of the contribution for construction of that road. When she <br /> looked at this development she not only looked at the discounting of the land, but the value of <br /> the twenty percent contribution to the road. This is an interesting project; however, she has some <br /> real concerns with the location of the project. She felt there are better solutions than what is <br /> being proposed and a master developer would be better suited for this area because there is <br /> potential for retail use. <br /> Chairperson Steffen asked if the City Council has discussed holding out for one sale of the entire <br /> parcel. <br /> Member Riley stated the City Council would not say no to a master plan. <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated if the area was master developed <br /> concerns would still be the intersection on the north side, dealing with the existing storm water <br /> pipe, and dealing with the curb cut. These items would not be huge problems, if master <br /> developed. <br /> The EDA discussed potential master planning of the site and other parcels within the City that <br /> staff could pitch to the prospects for a site rather than the site the Johnson's desired. <br /> The Board directed staff to discuss with the Johnson's other potential sites within the City and <br /> consider having the area master planned. Staff is also ready to propose a counter offer for the <br /> current site. <br /> Economic Development Authority/December 8, 2016 <br /> Page 5 of 11 <br />