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City Attorney Goodrich suggested a work session discussion regarding the City's interest in <br />breaking even with these types of buildings. <br />Councilmember Jeffrey agreed this issue should be discussed further at a work session, including <br />who will bear the costs and how the costs will be covered. <br />Motion by Councilmember Elvig, seconded by Councilmember Jeffrey, to enter into a lease <br />agreement with K & K Sharp, LLC, a Minnesota Limited Liability Company in the attached <br />form contingent on City Attorney approval and the City Attorney further defining the lease. <br /> Further discussion: Councilmember Olson inquired about the square feet of office space in the <br /> building. City Administrator Norman indicated the Council Update will include a market sheet <br /> with information on the building. Councilmember Elvig asked if Economic Development/TIF <br /> Specialist Sullivan will be working on this case. City Administrator Norman replied Mr. <br /> Sullivan will be in charge of coordinating this case. Councilmember Jeffrey stressed that a work <br /> session discussion be scheduled to discuss the larger issues associated with the office space. <br /> Motion carried. Voting Yes: Mayor Gamec, Councilmembers Cook, Elvig, Jeffrey, Olson, <br /> Pearson, and Strommen. Voting No: None. <br /> <br /> Case #5: Consider Authorization of Development/Purchase Agreement with River's <br /> Bend Holdings Co., LLC <br /> <br />City Administrator Norman reviewed that the consideration of this purchase agreement dates <br />back to 1980, in a land exchange agreement between the City and Arthur Raudio and Rick <br />Foster. The Council considered this case on February 8, 2005, and approved the Purchase <br />Agreement at that time. The Purchase Agreement still has not been executed. Rick Foster is <br />now requesting an additional small mount of land that is separated from the park and waiver of <br />the City's trunk storm sewer, sanitary sewer and water fees when he develops the parcel. <br />City Attorney Goodrich advised Mr. Foster has indicated he would like the City to waive the <br />development fees of approximately $70,000 and an additional 2 ½ acres of land. The land would <br />then equal 7 to 7 ½ acres with a waiver of the development fe~s at approximately $10,000 per <br />acre, for a total of an additional $70,000. Mr. Goodrich indicated he has included in the <br />purchase agreement that he wants to be certain this land is not in any way dedicated as park. <br /> Councilmember Strommen requested clarification that since the last agreement Mr. Foster will <br /> be paying the City an additional $10,000, but will be gaining an extra 2.5 acres of land and <br /> $70,000 worth of fee waivers. <br /> <br />City Attorney Goodrich responded in the affirmative. <br />Councilmember Strommen stated she has a serious issue with this proposal. She also had a <br />serious issue with the original proposal and giving the parkland away, even if it is not dedicated <br />as parkland, without working with the Park Board and ~he neighbors. <br /> <br /> City Council / January 10, 2006 <br /> Page 8 of 18 <br />P30 <br /> <br /> <br />