Agenda - Council - 03/14/2017 - Laserfiche WebLink

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CC Regular Session 7. 3. Meeting Date: 03/14/2017 Submitted For: Patrick Brama,Administrative Services By: Patrick Brama,Administrative Services Information Title: Stone Brook Children's Academy&Childcare Center Purchase Agreement [Portions May be Closed to the Public] Purpose/Background: Purpose Consider the attached purchase agreement(PA)with Stone Brook Academy for 1-acre of land located near the center of The COR for a children's academy and childcare center. City Review process This case is being addressed in several separate steps: Step 1:Site Location/Site Concept The purpose of this case is to provide direction from a master developer perspective (site location, concept project layout). Step 2: Real Estate transaction (current case) The purpose of this step will be to consider a formal purchase agreement(i.e. deal terms). Step 3:Entitlement The purpose of this step is to review Plat and Site Plan applications (i.e. site plan/zoning/land use regulations). Review Notes This case was reviewed by the EDA on 12/08/16, 01/12/17, and 03/09/17. This case was reviewed by the Planning Commission on 01/05/17, 02/02/17,and 03/02/17. This case was reviewed by the Council on 01/24/17, 02/14/17, and 03/14/17 (this case). All parties are generally very supportive of the use/proposed project. Originally, site location had been the focal point of conversations RE this project. In February, staff received support from the EDA, Planning Commission, and Council to move forward with a purchase agreement for Site 41. Please see attached Site Location log for details. Now,the focal point of discussion RE this case is the attached purchase agreement. In March,both the EDA and Planning Commission provided general direction to move forward with the attached purchase agreement. Notification: NA Observations/Alternatives: