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<br />rCI ----\) <br />( )j <br />tli< <br /> <br /> <br />Item #4.2. & 4.3. <br /> <br />River <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Mayor & City Council <br /> <br />FROM: <br /> <br />Paul T. Steinman, Director of Economic <br />Development <br /> <br />DATE: <br /> <br />November 8,1999 <br /> <br />SUBJECT: Agenda Items 4.2 & 4.3. <br /> <br />4.2. Economic Development Stratel!ic Plan <br /> <br />Attached is a copy of the 2000-2003 modified Economic Development <br />Strategic Plan. <br /> <br />Recommendation <br /> <br />. <br /> <br />Staff recommends the City Council approve the 2000-2003 modified <br />Economic Development Strategic Plan. <br /> <br />4.3. <br /> <br />Holt/Jackson Site - Purchase Al!reement <br /> <br />Issue <br /> <br />A purchase agreement for this site was presented to the City Council at <br />the October 25, 1999, meeting. The proposed use of the site is to <br />construct an office building. The purchase agreement is for the amount <br />of $350,000. <br /> <br />. <br /> <br />The city attorney's office has reviewed the purchase agreement and <br />provided a number of recommendations prior to approval by the City <br />Council. Attached to this memo is a handwritten copy of the <br />recommended changes to the purchase agreement and addendum. Time <br />did not allow for the purchase agreement to be revised to final form for <br />the council packet. Staff is assuming that the buyer will be able to <br />make the recommended changes and provide a final purchase <br />agreement to the council at this November 8, 1999, meeting. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330. TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425 <br />