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