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Ells -Wft <br /> _ Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.3 <br /> Agenda Section Meeting Date Prepared by <br /> Consent October 20,2014 Jeremy Barnhart,Deputy Director, COD <br /> Item Description Reviewed by <br /> Convey Lot 1,Block 1,Northstar Business Park to Cal Portner, City Administrator <br /> the Elk River Economic Development Authority Reviewed by <br /> Action Requested <br /> Convey,by motion,Lot 1,Block 1,Northstar Business Park to the Elk River Economic Development <br /> Authority. <br /> Background/Discussion <br /> In finalizing the sale of a portion of Lot 1,Block 1,Northstar Business Park,it appears that both city and <br /> the EDA own a portion of the lot. <br /> The EDA attorney advises to transfer the property to the EDA,in part to establish a consistent sales <br /> procedure with the balance of the business park. This will help logistically with the sale of the balance of <br /> Lot 1,Block 1 in the future. <br /> Financial Impact <br /> ?None <br /> Attachments <br /> ■ Quit Claim Deed <br /> P O w E 8 E U A Y <br /> Template Updated 4/14 INAWR <br />