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<br />Chairperson Steffen asked if that space has been leased to anyone else prior to this spring. <br /> <br />Economic Development Manager Sullivan stated that perhaps PACT used that space when they <br />were in the area but could not recall any official lease of that space aside from the temporary one <br />by Mille Lacs Motor Sports in the Spring. He confirmed that the total amount for the three <br />different periods would be paid up front. <br /> <br />Chairperson Steffen asked if it is unusual for a lease of three time periods to be done without <br />leasing the space for the entire year. <br /> <br />Economic Development Manager Sullivan replied that this space is not being used for another <br />purpose and therefore did not see a reason this space should not be allowed to be used for this <br />purpose. <br /> <br />Chairperson Steffen asked if the Highway 10 project would impact this property. <br /> <br />Economic Development Manager Sullivan stated that the alignment for Highway 10 has changed <br />from previous plan iterations and it will remain in its current alignment. The building will remain <br />but some of the parcel might be needed for a future frontage road. He said some of these properties <br />were acquired through the RALF program, and with the uncertainty of the Hwy 10 plan, the City <br />is holding all properties acquired with those funds until the Highway 10 project moves forward. <br /> <br />Deputy City Administrator Gladhill stated that this is the third rendition of the Highway 10 project <br />and therefore it does not seem prudent to sell the property at this time. <br /> <br />Motion by Member Cords, seconded by Member Riley, to recommend to City Council to approve <br />the Lease of 6701 Highway 10 NW to Mille Lacs Motor Sports II: subject to final lease area <br />calculation and review by the City Attorney. <br /> <br />Motion carried. Voting Yes: Chairperson Steffen, Members Cords, Riley, Heineman, and <br />Kuzma. Voting No: None. Absent: Member Burandt. <br /> <br />nd <br />4.02: Consider Purchase Agreement for Outlot B, Alpha Development 2 Addition; Case <br />of U.S. Home Corporation (Portions of the meeting may be closed to the public) <br /> <br />Economic Development Manager Sullivan presented the staff report. Sullivan noted that this <br />Purchase Agreement did not include a Right of Re-Entry Agreement provision. <br /> <br />Motion by Chairperson Steffen, seconded by Member Cords, to recommend to City Council to <br />nd <br />approve the Purchase Agreement for Outlot B, Alpha Development 2 Addition, subject to City <br />Attorney approval. <br /> <br />Motion carried. Voting Yes: Chairperson Steffen, Members Cords, Heineman, Kuzma, and <br />Riley. Voting No: None. Absent: Member Burandt. <br /> <br />Economic Development Authority/ October 8, 2020 <br />Page 2 of 7 <br /> <br />