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not under contract and is on the market. He noted that staff could continue to work with the <br /> applicant in the same manner they would any other interested buyer. <br /> Chairperson Cords stated that the recommendation would be to terminate the purchase agreement. <br /> He noted that Member Riley has suggested that be done but let the applicant know that staff would <br /> continue to work with him if he is still interested. He asked if the City has the ability to terminate <br /> the purchase agreement. <br /> Economic Development Manager Sullivan confirmed that the City does have that ability and <br /> reviewed the recommendation from the City Attorney. He stated that the purchase agreement is <br /> not valid as it was not signed by both parties and earnest money was not provided. He confirmed <br /> that staff could continue to work with the applicant and if progress is made, a purchase agreement <br /> could be proposed again in the future. <br /> Motion by Member Cords, seconded by Member Olson, to recommend to City Council to provide <br /> written notice to Windows and Doors USA that the that the purchase agreement drafted on <br /> September 28, 2021 is no longer valid. <br /> Further discussion: Member Johnson commented that if the applicant is not responding to staff, <br /> she feels that is a clear direction that there is no intent by the applicant to proceed. <br /> A roll call vote was performed: <br /> Member Olson aye <br /> Member Johnson aye <br /> Member Steffen aye <br /> Chairperson Cords aye <br /> Member Riley aye <br /> Member Howell aye <br /> Motion carried. <br /> 4.03: West Armstrong Redevelopment Area Update and Approval of Topographic Survey <br /> Economic Development Manager Sullivan presented the staff report. <br /> Chairperson Cords asked if the EDA budget would cover the $8,000 and whether the remaining <br /> would be funding in another manner. <br /> Economic Development Manager Sullivan confirmed that the EDA fund would be used and the <br /> PIR fund would be used for the remainder of the cost. <br /> Chairperson Cords acknowledged that the EDA has discussed completing this project in order to <br /> make the properties more attractive for industrial development. <br /> Economic Development Authority/December 9, 2021 <br /> Page 4 of 6 <br />