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<br />Mr. Eaton commented that they are motivated from both a financial standpoint and increased <br />traffic point of view. He stated that his retail broker has had initial discussions with some groups, <br />and he has spoken with developers related to food, coffee, and dental users. <br /> <br />Economic Development Manager Sullivan commented that there is already a dental user in that <br />area and therefore a dental user would not be preferred I such close proximity. <br /> <br />Mr. Eaton replied that would also not be their preference for users. <br /> <br />Member MacLennan asked if the business would be building and leasing the space. <br /> <br />Mr. Eaton commented that their preference would not be to sell, but there are different options to <br />consider. He stated that they do have the capability to build for another user. <br /> <br />Member Riley referenced the requirement for the parking lot and asked where that would be <br />located. <br /> <br />Economic Development Manager Sullivan identified the parking stalls that would be built as part <br />of the requirement the City would have upon development of that area. He stated that the idea was <br />to provide additional parking for the employees and/or customers of the building south of that area. <br /> <br />Member Riley commented that he is supportive of this use and would like to see the lots connected <br />as proposed. <br /> <br />Member MacLennan commented that he was in that southern building, and it can be tough to get <br />in and out. He wanted to ensure that the parking is available to all users and that there is a good <br />flow for traffic. He commented that this is an odd shape lot, and it is great to see a proposed use. <br /> <br />Motion by Member Stewart, seconded by Member Johnson, to recommend to City Council to <br />approve Purchase Agreement and Right of Re-Entry Agreement with Garage RE LLC (Take 5); <br />subject to City Attorney review. <br /> <br />Motion carried. Voting Yes: Chairperson Wiyninger, Members Stewart, Johnson, Howell, <br />Lindahl, MacLennan, and Riley. Voting No: None. Absent: None. <br /> <br />4.03: Consider Refund of Earnest Money and Project Costs to COR Trust Bank N.A. <br /> <br />Economic Development Manager Sullivan presented the staff report. <br /> <br />Dean Suchy, COR Trust Bank, commented that he worked with City staff throughout the process <br />noting that the purchase agreement was completed in August of 2022 and with the <br />recommendations from staff the business redesigned their plans to match that input. He stated that <br />the Planning Commission provided a recommendation of support, but the City Council ultimately <br />did not approve the project. He explained that they redesigned their plans based on the input of <br />City staff which had an additional cost, and yet the project was still denied. <br /> <br />Economic Development Authority/ February 8, 2024 <br />Page 6 of 9 <br /> <br />