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Performance <br />City to require construction of a minimum 12,000 SF building and obtain a Certificate of <br />Occupancy one year after Closing. If this is not done, the City may exercise the Right of <br />Re -Entry. <br />Alternatives: <br />1. Adopt Resolution #20-244 Approving Purchase Agreement for Outlot B, COR Stone Brook Academy - <br />Stories Foundation as presented; subject to City Attorney review (Staff/EDA recommendation) <br />2. Adopt Resolution #20-244 Approving Purchase Agreement for Outlot B, COR Stone Brook Academy - <br />Stories Foundation with changes; subject to City Attorney review <br />3. Something else. <br />Funding Source: <br />This case is being handled as part of normal Staff duties. <br />Recommendation: <br />The EDA reviewed this item at the October 8, 2020 and recommended approval of the attached Purchase <br />Agreement for Outlot B, COR Stone Brook Academy as presented, subject to City Attorney review. <br />Action: <br />Motion to adopt Resolution #20-244 approving Purchase Agreement for Outlot B, COR Stone Brook Academy - <br />Stories Foundation, subject to City Attorney review. <br />Site Location Map - Stories Foundation <br />ACTION - Resolution #20-244 <br />ACTION PA Stories Foundation <br />Term Sheet <br />Concept Plan <br />Excerpt from Draft EDA Minutes 10.8.20 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan (Originator) Sean Sullivan 10/20/2020 12:42 PM <br />Tim Gladhill Tim Gladhill 10/22/2020 09:56 AM <br />Kurt Ulrich Kurt Ulrich 10/22/2020 01:28 PM <br />Form Started By: Sean Sullivan Started On: 10/16/2020 05:08 PM <br />Final Approval Date: 10/22/2020 <br />