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Funding Source: <br />No funding is required. <br />Recommendation: <br />Staff believes the attached Purchase Agreement is consistent with city's polices for selling city owned land and the <br />proposed sales price is within the acceptable price range. The proposed use is an acceptable use that will add to the <br />City's tax base and be a benefit to the Highway 10 business corridor. Staff would note: that city staff (and attorney) <br />are still finalizing some details in the PA with the developer. The attached PA may be updated before the EDA <br />meeting. <br />Action: <br />Motion to recommend the City Council: <br />Approve the attached purchase agreement with PDKP Properties, LLC for roughly 1.23 acres of city owned land. <br />PA (draft) <br />Letter of Intent <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Katie Schmidt 07/03/2018 12:48 PM <br />Tim Gladhill Tim Gladhill 07/05/2018 08:40 AM <br />Kurt Ulrich Kurt Ulrich 07/05/2018 02:19 PM <br />Form Started By: Katie Schmidt Started On: 06/15/2018 12:59 PM <br />Final Approval Date: 07/05/2018 <br />