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MINUTES <br /> -- IDEN HILLS <br /> Traverse Business Center is still waiting on a committed tenant. Mayor Harpstead <br /> anticipates that the developer may request ramp support and road improvements. This is a <br /> running TIF district; we have needs for this funding. This district is a pre-1990 district <br /> which means the funds can be used outside the district. <br /> TCAAP—the GSA negotiations moved forward in January the purchase document <br /> there is an escape clause for the developer and the City statiglut can rescind our <br /> purchase agreement and get our earnest money back#NYphAili.,0000ving the <br /> rescinding date back to give us more protection. ioburied: € ta "' ment is a credit <br /> category mechanism. The GSA has indicated that the:land h n dis s;lbee tit te:d;from$:80 <br /> million but has not provided anyre proof when we uestedit.We purchased it for***OF <br /> million and the $35 million discount was a function:'''»`''<' ` olition and the re Lotion <br /> c�i'tk�ed�xu e pxepa <br /> for development. A confidentiality agreement has beOkagiWboyveen GSA and'' <br /> developer; the City is being left out of this agreement`to keep kedWaffiiikrmation <br /> confidential. If the City is involved all information must be pubnation. There <br /> are 12 categories within this agreement. One categ dry includes the move ent of the <br /> water purification system. Another category s'th cl :.cost of the and, which <br /> contains high levels of metal. This clean u ill'gett <l ;d€hp to standards for <br /> residential homes. They agreed on all 11 st gories<t 1 o`i Y ;xo:negotiating dollar <br /> amounts for each category. The agreement states tat the development cannot start until <br /> all the negotiations are done. Density oftlleproje Thereplenty of space for the <br /> residential demand and the comru ial..density shoul0,he,n r>the original estimates. We <br /> • still have property access issues;:ithijMue can jeopardized'the whole deal. <br /> The City is still searching fora ity Administration. <br /> . . ...........:. <br /> ...................................................... <br /> ...................................................... <br /> ........................... <br /> .......................... <br /> .......................... <br /> .......................... <br /> ...................................................... <br /> ........................... <br /> .......................... <br /> .................................................... <br /> .......................... <br /> ........................... <br /> PTRC is working n t o trails alongalthiggowtyl,Road E and Old Snelling. This has not gone <br /> through r <br /> a�:<t���i'uxc�lx ox�tk�e d::tpa.tkpot adequate funding for this project. <br /> They a:041001g fiirai*ilghoojpg refere d t <br /> Lastl'< t `e B2 district which is width:of the railroad tracks and north of County Road E <br /> fromt nelling to Lexington, a moratorium on all building jeopardized the sale of the old <br /> Hol da` :We don't want an empt buildingthat does not paytaxes. The small group <br /> y:.:::::::.:::: pY g p <br /> plan is gig through a RFP thatwll`probably come back with recommendations as to <br /> what to do itk this whole area<to t pgrade it from a commercial status. The next <br /> potential areaikthokakwyrioy Fox area. It would be to the Cities advantage to have <br /> a plan of what we` tto's0edeveloped in that area as we do not want something <br /> developed that we ca not 64filtrol. <br /> • <br />