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ITEM # 5. <br />Kiver <br />MEMORANDUM <br />TO: Economic Development Authority <br />FROM: Jeremy Barnhart, Planning Managef~j <br />DATE: Sep#ember 10, 2007 <br />SUBJECT: Gateway Business Park <br />At its meeting on June 11~, the EDA selected a layout option towards which to focus development. <br />(See attachment.) The EDA also confirmed the desired end land use was commercial in nature, <br />rather than industrial. The EDA, in recognizing the benefits of the property under common <br />ownership, also directed that Staff contact the property owners, to gauge their interest in selling to <br />the Ciry. <br />Over the last several months, Staff has spoken with the three adjacent property owners, Scott Powell, <br />and John Weicht. Both indicated they were interested in buying the City's land, rather than sell. The <br />third, Ebner, indicated that he was negotiating a sale to one of the other properties, and Staff did not <br />feel it appropriate to enter in the middle of those discussions. <br />At this point, staff requests direction on where to proceed. The EDA has several options, including: <br />1. Reevaluate the layout to better recognize property lines between the four principle owners <br />2. Consider selling a portion of the City's land to adjacent property owners to facilitate larger <br />parcel assembly and improve the marketability, <br />3. Proceed with platting the land as outlined with the EDA's chosen layout. This will require <br />their participation as property owners. <br />Staff requests direction. <br />C:\Documents and Settings\jbarnhart\Desktop\Gateway\EDA memo RE Gateway 9-10-07.doc <br />