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Elk Request for Action <br /> River <br /> To Item Number <br /> Economic Development Authority 6.5 <br /> Agenda Section Meeting Date Prepared by <br /> General Business September 15, 2014 Jeremy Barnhart, Deputy Director, COD <br /> Item Description Reviewed by <br /> Yale Court update <br /> Reviewed by <br /> Action Requested <br /> Receive information related to the sale of Lot 4,Block 1, Mississippi Ridge 2nd addition <br /> Background/Discussion <br /> At the direction of the EDA, staff met with the representative of Elk River Ford, the owner of the vacant <br /> lot at the southern end of Yale Court. <br /> The representative's price remains firm at$300,000. The appraised value was for$68,000. Staff will <br /> discuss options for the EDA's consideration,including mutually agreeing on an appraiser to do a second <br /> appraisal. <br /> Financial Impact <br /> None <br /> Attachments <br /> • <br /> l <br /> P O W E R E D 8 Y <br /> Template Updated 4/14 NATURE <br />