Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />The EDA has expressed interest in purchasing part of the Brown property <br />(south of the Vandenberg property) for business park development. The land <br />which the EDA would purchase would be the balance of the property which is <br />not needed for the street or surface water improvements. Mter we receive <br />approval to spend federal funds for the street part of this project, we will <br />then finalize negotiations for acquisition of the entire Brown property and <br />the EDA will then make a determination on whether or not it can afford and <br />desires to acquire the balance of this property for future business park <br />development. <br /> <br />Everything discussed by the City Council last November and December <br />regarding the east Elk River project is slowly but surely moving forward. In <br />the very near future the City Council will be presented with the issue of <br />whether or not to award bids for the large or a smaller version of the east Elk <br />River project. It is important for the City Council to have a good <br />understanding of the finances associated with this project, both in terms of <br />shortages and cash flow concerns, before any decision is made regarding <br />awarding of bids. A worksession on this project seems appropriate and the <br />scheduling of such a worksession should be discussed by the City Council. <br />