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Chairperson Steffen asked if the group should go into closed session. <br />Member Riley stated that he does not believe that the EDA would need to go into closed session. <br />Economic Dev. Mgr./Assistant City Administrator Brama stated that he believes the offer to be <br />realistic and reasonable, however he would also think it reasonable for the City to counteroffer. <br />Chairperson Steffen agreed that would be fair. He stated that everyone would like to see that <br />parcel developed as it has remained vacant for quite some time. <br />Member Skaff noted that the additional rooftops will also help the City to accomplish other <br />goals. <br />Member Riley stated that this is exactly the type of development that is planned for that area. He <br />stated that he prefers exhibit C, as it would have homes facing Ramsey Boulevard as well. He <br />agreed that the price seems within the realm and the City should continue negotiations. He <br />stated that this option would be a gain for the City with the additional rooftops and tax base. <br />Chairperson Steffen stated that the developer seems flexible and willing to work with the City. <br />Economic Dev. Mgr./Assistant City Administrator Brama confirmed that the City has experience <br />with this developer that has been positive. He noted that the developer has been great to work <br />with and has been flexible. <br />Motion by Member Skaff, seconded by Member Kanaventi, to direct staff to continue <br />negotiations and recommend to City Council to approve the purchase agreement with Centra <br />Homes for 4.29 acres of City owned land with a preference for exhibit C because of the <br />increased number of rooftops and tax base that would be generated. <br />Further discussion: Member Burandt stated that he prefers exhibit C as well, as that provides the <br />highest number of rooftops and increases the tax base. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Skaff, Kanaventi, Hardin, Burandt, <br />Johns, and Riley. Voting No: None. Absent: Member LeTourneau. <br />4.02: RCP Presentation: Community Center <br />It was noted that the students were not present today and therefore no comments were made on <br />this agenda item. <br />4.03: Inland MOU Infrastructure <br />Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br />Chairperson Steffen asked if it is unique that the developer would pay the costs up front with the <br />City to reimburse. <br />Economic Development Authority/January 11, 2018 <br />Page 3 of 7 <br />