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Mr. Bona stated Capstone is ready to close and move forward with this project and this project is <br /> good and sound. <br /> Member Riley thought that was important, along with the leap frogging to have an end user that <br /> will utilize this. He stated he was in favor of this. <br /> Chairperson Steffen asked if Capstone has new plans and drawings they will be showing to the <br /> City Council. <br /> Mr. Bona indicated they did and he has discussed this with Mr. Gladhill. <br /> Chairperson Steffen stated this is a great project and he would like to see this move forward. <br /> 4.05: Stone Brook Academy PA <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated the EDA is asked to consider the <br /> purchase agreement with Stone Brook Academy for one acre of land located near the center of <br /> The COR for a children's academy and childcare center. <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated this case was reviewed by the <br /> EDA, Planning Commission and City Council. All parties are generally very supportive of the <br /> use/proposed project. However, the site location has been the focal point of conversations to- <br /> date. The EDA is in general support of Stone Brook's proposed site location, Site #1. The <br /> Planning Commission is in general support of Stone Brook's proposed site location, Site #1. The <br /> Council is in general support of Stone Brook's proposed site location, Site #1. It appears all <br /> boards/commissions have indicated support for a north-to-south road construction (Veteran's to <br /> Sunwood). It appears there is not consensus on whether that road connection be a private drive <br /> or a public road. Additionally, it appears there is general support for Master Plan B which shows <br /> an east-to-west internal connection through the proposed Stone Brook site. <br /> Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br /> Motion by Member Hardin, seconded by Member Burandt, to recommend to City Council <br /> approval of the attached purchase agreement (PA) with Stone Brook Academy for one acre of <br /> land located near the center of The COR for a children's academy and childcare center. <br /> Motion carried. Voting Yes: Chairperson Steffen, Members Burandt, Hardin, and Riley. Voting <br /> No: None. Absent: Brunt, Skaff, and Williams. <br /> 4.06: Lifestyle Property PA Reassignment <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated Bill Gleason of Lifestyle <br /> Construction, desires to reassign the attached purchase agreement (PA) to Morning Sun Homes, <br /> Inc. In order for a reassignment of purchase agreement to occur, the City of Ramsey must <br /> provide written approval to Mr. Gleason and Morning Sun Homes. <br /> Economic Development Authority/March 9,2017 <br /> Page 9 of 11 <br />