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Economic Development Agenda Memo <br /> January 11, 1999 <br /> Page 4 <br /> • <br /> 8. Other Business <br /> • Update East Business Park/Hohlen Development <br /> Staff and City Attorney Peter Beck are continuing discussions <br /> with Amcon, Brookstone Development, and Associated <br /> Developers to draft the development agreement for <br /> redevelopment of the Earl Hohlen and Vandenberg properties. <br /> Staff is working toward being able to provide a draft <br /> development agreement for EDA review at its February <br /> meeting. <br /> • West Business Park Prospect <br /> The EDA has begun creation of TIF District No. 21 based upon <br /> an application from a Rogers company to locate in the West <br /> Business Park. At the current time it appears that this project <br /> is not going to happen, as the company has determined it is best <br /> to purchase the facility within which they are currently located. <br /> • Staff will determine whether it is best to proceed with creation <br /> of TIF District 21 since we are approximately 90 percent of the <br /> way through the process. Upon approval by the Council, staff <br /> would simply wait to certify this TIF District until the time <br /> when another developer would step forward to propose a West <br /> Business Park project. The remaining TIF District schedule <br /> includes publishing a hearing notice, having the EDA approve <br /> the TIF Plan on February 8, 1999, and subsequently having the <br /> City Council hold a public hearing on February 8, 1999. <br /> No action is required on this issue at this time. <br /> • <br />