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Item # 7. <br />c <br />~11L ~,~~~ <br />River <br />MEMORANDUM <br />TO: Economic Development Authority <br />FROM: Catherine Mehelich, Director of Economic Development <br />DATE: December 10, 2007 <br />SUBJECT: Update on Post Office Property <br />Following the EDA's direction to continue consideration of participating in the bid process <br />for the post office property, staff is awaiting notice from the post office on the <br />advertisement for bids. <br />According to staff's most recent conversations, the post office anticipates advertisement <br />within the next month. Upon notice, staff will request a special EDA executive session <br />meeting be called to discuss and formalize whether or not to bid and establish a bid price. <br />