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Economic Development Authority (EDA) 4. 5. <br /> Meeting Date: 03/09/2017 <br /> Submitted For: Patrick Brama,Administrative Services <br /> By: Patrick Brama,Administrative Services <br /> Title: <br /> Stone Brook Children's Academy&Childcare Center Purchase Agreement <br /> Purpose/Background: <br /> Purpose <br /> Consider the attached purchase agreement(PA)with Stone Brook Academy for 1-acre of land located near the <br /> center of The COR for a children's academy and childcare center. <br /> Review <br /> This case was reviewed by the EDA on 12/08/16 and 01/12/17. This case was reviewed by the Planning <br /> Commission on 01/05/17 and 02/02/17. This case was reviewed by the Council on 01/24/17 and 02/14/17. All <br /> parties are generally very supportive of the use/proposed project. However,the site location has been the focal <br /> point of conversations to-date. <br /> The EDA is in general support of Stone Brook's proposed site location, Site#1 (5-1 vote on 01/12/17). The <br /> Planning Commission is in general support of Stone Brook's proposed site location, Site #1 (5-1 vote on 02/02/17). <br /> The Council is in general support of Stone Brook's proposed site location, Site #1 (7-0 vote on 02/14/17). <br /> It appears all boards/commissions have indicated support for a north-to-south road connection (Veteran's to <br /> Sunwood). It appears there is not consensus on whether that road connection be a private drive or a public road. <br /> Additionally, it appears there is general support for the attached master plan "B" which shows an east-to-west <br /> internal connection through the proposed Stone Brook site. Please see attached Site 41 Feedback Log for details. <br /> City Review process <br /> This case is being addressed in several separate steps: <br /> Step 1:Site Location/Site Concept <br /> The purpose of this case is to provide direction from a master developer perspective (site location, concept <br /> project layout). <br /> Step 2: Real Estate transaction (current case) <br /> The purpose of this step will be to consider a formal purchase agreement(i.e. deal terms). <br /> Step 3:Entitlement <br /> The purpose of this step is to review Plat and Site Plan applications (i.e. site plan/zoning/land use <br /> regulations). <br /> Notification: <br /> NA <br /> Observations/Alternatives: <br />