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Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Economic Development Authority 6.1 <br />Agenda Section Meeting Date Prepared by <br />Public Hearings July 18, 2022 Brent O’Neil, Economic Development Director <br />Item Description Reviewed by <br />Sale of Property at 17610 Tyler Street NW Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Open the public hearing, receive comments, and continue the public hearing until the August 15, 2022, regular <br />meeting of the EDA. <br /> <br />Background/Discussion <br />The EDA has received an offer to purchase property at 17610 Tyler Street NW from Onyx Strategic Partners, <br />LLC. Staff and legal counsel continue to negotiate all terms of a purchase agreement with the buyer, and are <br />requesting the hearing and consideration of a purchase agreement be continued to the August 15 meeting. <br /> <br />Financial Impact <br />The financial impacts of the proposed sale will be determined upon final negotiation. <br /> <br />Mission/Policy/Goal <br />Attract new business development to Elk River to build the City’s economic vibrancy, job offerings and tax base. <br /> <br />Attachments <br /> Draft Site Concept Plan <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />