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Economic Development Authority Minutes October 1Q 2011 Page 2 Commissioner Zerwas stated that he is not in favor of splitting the lots as he would like the large lot utilized by one business. He added that it doesn't make sense for the EDA to split the lots and have to market the smaller parcel. President Touchette indicated he appreciates CDI's presence in the community and that staff and the EDA need to fmd a way to make this work. He noted that if a right in, right out turn isn't an option, the lot may need to remain unsplit but that there should still be a way to make it work for CDI. Commissioner Motin explained he is not interested in marketing the second lot. He believes CDI should purchase the entire lot and split and market the second lot ox keep the entire lot fox future expansion. He added that he will not agree to a right in, right out tum off of Twin Lakes Road. Commissioner Gumphxey indicated that he is in favor of splitting the lot now because CDI should not be required to purchase more than they need for their expansion. Commissioner Tveite stated if the frontage road issues can be resolved, he would be in favor of splitting the lot and allowing CDI to purchase only the parcel they need. He noted drat he would look fox CDI to cover many of the costs associated with the lot split and required infrastructure to make the second lot viable. Commissioner Westgaard explained that access off of Twin Lakes Road should be limited so access fox these lots would have to come off of Tyler Street. He stated he is not opposed to a split but wants to make sure the parcel remaining afrer the split is a buildable, marketable piece. Commissioner Morin questioned why the sale options include $2 per square foot versus fair market value. Ms. Deckert explained that there has been discussion on whether or not the parcel is worth $2 per square foot. Consensus of the EDA was fox staff to explore options, costs, and viability of splitting the lots and for staff to obtain an appraisal on the property as a whole and the split with access for the northern piece from Tyler. Dave Link, general contractor for CDI -indicated that CDI would be willing to work with staff to provide improved access to the second pazcel. He stated that it is not financially possible fox CDI to expand if they have to purchase the entire pazcel. He added that CDI will accept reasonable costs associated with in&astmctuxe for the second parcel if the lots are split. 6. Bxanding_Uudate Mr. Wilfahrt provided a branding update as outlined in his staff report. Mazketing Update Mr. WIlfahrt provided a mazketing update as outlined in his staff report.