Laserfiche WebLink
on the one-month extensions which would allow for a total of six months, noting that there <br /> would be no benchmarks required during that time. <br /> Member Hardin asked if there are requirements for the developer to keep the City updated on <br /> conversations with tenants. <br /> Economic Development Manager Sullivan stated that the conversations will be ongoing with the <br /> developer but that there are no requirements. He stated that the developer would like to have a <br /> primary tenant known for building one by June of 2019. He stated that the layout and buildings <br /> will go before the Planning Commission for review prior to construction. <br /> Mr. Hardy stated that the proposed tenants would meet with the City staff directly to obtain <br /> additional details. <br /> Member Kuzma asked for additional details on CBRE commission. <br /> Economic Development Manager Sullivan stated that CBRE would be paid commission once <br /> when the purchase of all three lots are sold in one deal. <br /> Acting Chairperson Burandt stated that it is exciting to have a developer with a plan that wants to <br /> take all three lots off the City's hands. <br /> Mr. Hardy stated that even if his project were to fail and not move forward, he would still <br /> provide the City with any of the work product that he has completed on the site such as phase <br /> one environmental plans or any engineering information. <br /> Motion by Member Riley, seconded by Member Hardin, to recommend to City Council approve <br /> the Term Sheet and Purchase Agreement for Lots 1, 2 and 3, Block 1, COR TWO subject to City <br /> Attorney approval. <br /> Motion carried. Voting Yes: Acting Chairperson Burandt, Members Riley, Hardin, Kanaventi, <br /> and Kuzma. Voting No: None. Abstain: Chairperson Steffen. <br /> Chairperson Steffen rejoined the EDA. <br /> 4.02: Listing and Marketing of City Owned Land <br /> Economic Development Manager Sullivan presented the staff report and the recommendation <br /> that the City remove B & A Cylinder (Site 37A) from the CBRE listing agreement and to <br /> schedule a joint worksession between the EDA and City Council to allow for a broader <br /> discussion on City property listings and marketing strategy. <br /> Chairperson Steffen asked for details on the three properties that are currently under contract. <br /> Economic Development Manager Sullivan provided details on those properties. <br /> Brian Pankratz, CBRE, stated that he has a great relationship with City staff, EDA and the City <br /> Council throughout the years. He stated that although B & A Cylinder site is included in the <br /> listing, that site is not being actively marketed. He stated that for some reason that sign gets the <br /> Economic Development Authority/January 10,2019 <br /> Page 3 of 6 <br />