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Economic Development Manager Sullivan stated that the only retail interest in recent times has <br />been for the site adjacent to Casey's Gas Station by O'Reilly's, noting that business has not been <br />impacted by COVID in the same manner other businesses have been. <br />Member Cords asked how this project would compare to the strip mall constructed across <br />Armstrong from this location. He asked if that would have similar tenants and whether it would <br />compete for tenants. <br />Economic Development Manager Sullivan replied that rather than a multi -tenant building, which <br />is across Armstrong, this project would have a different structure with three separate owner - <br />occupied buildings. <br />Member Kuzma commented that this is a reasonable request ` i h the challenges of COVID. <br />Motion by Member Kuzma, seconded by Member Cords recommend to City Council to <br />approve the Third Amendment to Purchase Agreement for Lot 1, 2, and 3, Block 1, COR TWO; <br />01141/4. <br />subject to City Attorney review as to legal form. <br />Further discussion: Member Cords agreed that this is a reasonable request based on the current <br />economic and other conditions. <br />Motion carried. Voting Yes: Acting Chairperson Burandt, Members Kuzma, Cords, Heineman, <br />and Riley. Voting No: None. Absent: Chairperson Steffen. <br />Economic Development Authority/ November 12, 2020 <br />Page 2 of 2 <br />