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CITY OF CENTERVILLE <br /> REQUEST FOR ACTION <br /> (t e rville <br /> Agenda Item# Department: Requested Meeting Date: <br /> EDA December 5, 2018 <br /> TITLE OF ISSUE: <br /> Downtown Block 7 <br /> BACKGROUND AND SUPPLEMENTAL INFORMATION: <br /> City staff has been working with our Realtor, Mike Brass, trying to sort out how best to approach the positive <br /> problem of having several parties interested in our downtown, Block 7 property, at one time. In talking with <br /> each of them, we've landed on having them each present their concept proposal at a joint meeting of the City's <br /> Planning & Zoning Commission and Economic Development Authority on January 16, 2018. From there, we <br /> will collectively make a decision on which proposer, we would like to continue a relationship with and move <br /> into a Letter of Intent. From there, we can dive deeper into negotiations on purchase price, infrastructure <br /> requirements, and fleshing out more of the development details, including architecture, anticipated valuation, or <br /> rental rates, site layout,phasing, and any zoning modifications, etc. The attached letter has been sent to the <br /> interested parties. <br /> COST AND SOURCE(S) OF FUNDING: <br /> No cost <br /> REQUESTED ACTION: <br /> No action required at this time. <br /> For Clerk's Use: <br /> SUPPORTED DOCUMENTS ATTACHED <br /> Motion By: <br /> Resolution Ordinance Contract Minutes Plan Map <br /> Second By: <br /> Vote Record: Ave Nay <br /> Hanzal Other(specify) Letter to prospective developers. <br /> Spanier <br /> Weatherhead <br /> Paar <br /> King <br /> 0 Refer to: <br /> Consent Tabled Until: <br /> Regular Other: <br /> 67 <br />