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Regular City Council Meeting Monday,January 13, 2014 Page 11 Regarding geotechnical issues and the current pond on site, Mr. Nordland noted that the pond had been filled with unsuitable soils from the site; and otherwise would not likely have been deemed environmentally contaminated. Depending on the extent of that contamination, Mr. Nordland noted that the development team may need to consider a geo-pier type of piling system with vapors rerouted versus typical piles driven through the bedrock. If that was a requirement, in ad- dition to making the building aesthetically pleasing for the City and the tenant for their world headquarters facility, Mr. Nordland anticipated an additional $1 mil- lion for extraordinary site costs. Mr. Nordland advised that the lease term was proposed at 12-15 years; and noted the development team's interest in making it look as nice s possible in order to remain competitive with other possible sites and eventually be chosen for the preferred site. Mr. Nordland again apologized for not being able to provide more information at this point; however, he displayed a proposed development site plan, and sought City Council initial feedback at this point. Mr. Nordland advised that the tenant had been provided with more detailed renderings; however, he had chosen not to share them with the City Council at this point to avoid those current more fluid specifics remaining embedded in thought processes. City Council Discussion At the request of Councilmember Willmus expressing typical familiarity with medical device manufactures currently in the metropolitan area, Mr. Nordland confirmed that the building was proposed to be built to suit the tenant. Given the required timeline for the process, Councilmember Willmus questioned when the tenant would be made known. Mr. Nordland advised that, as soon as the tenant made their choice for site and direction known, that information would be made public, and anticipated it would occur within the next two weeks. Councilmember Willmus opined that this was the type of development preferred in this area; and offered his willingness to consider some form of financial assis- tance in helping it happen. Councilmember Willmus advised that his concerns in- cluded the shorter lease longevity for that particular tenant in the context of those financial assistance considerations. Councilmember Willmus advised that a long- er lease term would make him much more comfortable. Mr. Nordland advised that the company was publically traded, and not a new ven- ture; and was in fairly rapid growth mode right now, and very well funded. Mr. Nordland noted that Councilmembers would need to make that financial judgment when the identity of the company was revealed. Having done and reviewed EAW's, Councilmember McGehee stated that initially she had wanted to avoid any precedent of waiving that requirement. Relative to this specific site, as well as others in the Twin Lakes Redevelopment Area, Coun-