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Page 2 <br />December 12, 2007 <br />The Durso property was to have been developed by Rottlund in 2006. With Dorso's <br />consent, the property was included 'in a larger condemnation proceeding which was later <br />abandoned after Rottlund withdrew as the redeveloper. The land bas been underutilized since as <br />a semi-trailer parking/storage facility. <br />The GSA was interested in the site, but an agreement to sell the property to the GSA was <br />never reached. Opus Northwest, LLC is now interested in acting as the developer/redeveloper on <br />the site. A condition of the sale is passage by the City of this Resolution. <br />Conclusion <br />Thi's resolution will benefit the City by facilitating the sale and redevelopment of the tract <br />which i's currently being used as a semi-trailer parking lot, The contemplated new development <br />t <br />will result in 180,000 square feet of new office and num erous new jobs. The development is <br />consistent with the comprehensive plan and will, hopefully, serve to jump start the prospects of <br />Twin Lakes as a whole. <br />Your favorable consideration of the resolution s requested. <br />