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01/11/2017 - City Council Finance CommitteeFINANCE COMMITTEE MEETING WEDNESDAY, JANUARY 11, 2017 1:30 P.M. CITY HALL SECOND FLOOR CONFERENCE AGENDA I. AGENDA ADOPTION II. PURCHASE OFFER - OUTLOT B, CEDAR GROVE REDEVELOPMENT DISTRICT III. MINNESOTA AUTISM CENTER UPDATE IV. OTHER BUSINESS V. ADJOURNMENT Agenda Information Memo Finance Committee Meeting January 11, 2017 II. CEDAR GROVE REDEVELOPMENT DISTRICT— PURCHASE OFFER — OUTLOT B DIRECTION TO BE CONSIDERED: To make a recommendation to the EDA regarding a purchase offer for Outlot B in the Cedar Grove Redevelopment area. FACTS: In consideration of the confidential nature of certain marketing and prospect discussions, the Finance Committee has been assigned the responsibility of monitoring the redevelopment area marketing activities of the master developer/broker team on behalf of the EDA and City Council. • Staff and the Cedar Grove developer have received a letter of intent from a qualified prospect for Outlot B in the Redevelopment District. The Committee will be asked to either provide additional direction for further negotiation or to make a recommendation to the EDA to consider approval of a concept plan and direction to prepare a purchase agreement for the property. ATTACHMENTS: None — Information to be provided at meeting. Agenda Information Memo Finance Committee Meeting January 11, 2017 III. MINNESOTA AUTISM CENTER DIRECTION TO BE CONSIDERED: None. Staff will provide an update on the Minnesota Autism Center ATTACHMENTS: None