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Consider Proposals for EDA Brown Property Development <br /> March 14,2005 EDA Meeting <br /> Page 2 of 2 <br /> • Timing of Public Improvements/Buildable Lots <br /> In the past several months the EDA has indicated an interest in initiating the public <br /> improvement project as soon as possible in order to have buildable lots available by fall <br /> 2005. This schedule was driven in part by a proposed 100,000sf industrial expansion project <br /> which has since been delayed for 18-months. The City Engineer,Terry Maurer has indicated <br /> that in order to have lots buildable by fall the public improvement process would need to <br /> begin in March, commencing with an EDA recommendation to City Council to authorize a <br /> feasibility study be completed for the EDA Brown property. <br /> Since the delay of the large industrial project and the proposed new concept design included <br /> in at least one of the development proposals, staff requests the EDA's direction regarding <br /> the desired timing of public improvements. The concept design would dictate the results of <br /> the feasibility study. However, completing the feasibility study would not require the <br /> EDA/City to proceed with the public improvement project. <br /> Ehlers and staff will discuss with the EDA the options for the public improvement project. <br /> • <br /> 410 <br />