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Mr. Mack replied that stores are open from 9 a.m. to 8 p.m. seven days per week. <br />Chairperson MacLennan thanked the applicant for coming to answer questions. He agreed that <br />this would be a great addition to the community. <br />Motion by Member Johnson, seconded by Member Wiyninger, to recommend to City Council to <br />approve the Purchase Agreement, Use Restriction and Right of Re -Entry Agreement for Purchase <br />Agreement for Portion of Lot 1, Lot 2, and Lot 3, Block 1, COR TWO, subject to City Attorney <br />review. <br />Motion carried. Voting Yes: Chairperson MacLennan, Members Johnson, Wiyninger, Olson, <br />Riley, and Stewart. Voting No: None. Absent: None. <br />4.02: Receive Draft West Armstrong Area Street Reconstruction Feasibility Report <br />Economic Development Manager Sullivan presented the staff report. <br />Member Stewart asked where the sports dome would be. <br />Economic Development Manager Sullivan identified the area where the sports dome would be, as <br />well as the related stormwater ponds. <br />Chairperson MacLennan asked if the larger stormwater pond would eliminate any of the smaller <br />ponds. <br />Economic Development Manager Sullivan replied that the larger pond could reduce the need for <br />the smaller ponds on the three southerly parcels, where additional parking could occur. He noted <br />that if offsite ponding was going to be used, the City would expect ARAA to contribute to the cost <br />for the offsite ponding. <br />Chairperson MacLennan asked for details on funding the ponding. <br />Economic Development Manager Sullivan replied that would depend upon the financing that is <br />decided upon for the project. He stated that as this moves forward there would be additional <br />discussion about funding and special assessments for the adjacent property owners. He stated <br />three parcels would benefit from a regional pond, and therefore ARAA would not be the only <br />benefitting property from that type of infrastructure. <br />Chairperson MacLennan stated that he does like the larger stormwater pond. <br />Member Stewart asked if there is a known project for the site across from the ARAA site. <br />Economic Development Manager Sullivan replied that there is not development interest at this <br />time. He stated that there are currently two businesses operating in those locations, as renters, and <br />the anticipation would be for redevelopment in the future. He stated that if the EDA feels that the <br />Economic Development Authority/ February 9. 2023 <br />Page 5 of 9 <br />