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The EDA recommended approval of the attached Purchase Agreement and Structure of Tax Increment Financing <br />Deal Structure at the January 9, 2020 meeting. The draft EDA minutes are attached. <br />Assuming that the City Council is comfortable with the structure of the payment for the land, the EDA recommends <br />approval of Resolution #20-022 Approving Purchase Agreement and Preliminary TIF Financing Deal Structure for <br />Part of Outlot A, COR Stone Brook Academy; subject to City Attorney approval as to legal form. <br />Action: <br />Motion to adopt Resolution #20-022 approving Purchase Agreement and Preliminary TIF Financing Deal Structure <br />for Part of Outlot A, COR Stone Brook Academy, subject to City Attorney approval as to legal form. <br />Attachments <br />Site Location Map <br />Resolution #20-022 <br />Term Sheet <br />Business Assistance Application <br />Ehlers Analysis Memo <br />PA Cobblestone Hotel 1.2.20 <br />Ordinance #15-05 <br />DRAFT EDA Minutes dated January 09, 2020 <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan (Originator) Sean Sullivan 01/22/2020 12:22 PM <br />Tim Gladhill Tim Gladhill 01/22/2020 08:46 PM <br />Kurt Ulrich Kurt Ulrich 01/23/2020 02:23 PM <br />Form Started By: Sean Sullivan Started On: 01/13/2020 03:30 PM <br />Final Approval Date: 01/23/2020 <br />