Consider and take action on Resolution No. 20-048, accepting Bid No. 2020-002 Highway 3 and 25th Avenue North. (City Secretary)

This property was acquired by the City for a debt by the developer for infrastructure owed to the City.  The City originally wanted it to be sold for retail/professional offices.  After several years of only interest in a convenience store or a retail center with a convenience store with a convenience store anchor, the City staff put together covenants that required the convenience store to be a high quality attractive and safe retail activity.  Additional lighting requirement, open, uncluttered windows, stone and masonry on all visible sides, additional landscaping and limited activities in addition to the gateway requirements.  See the attachment for more details. The bidders were made aware of the requirements.  The high bidder has done attractive convenience stores in the past.  The high bid was for $711,786.11.  Staff recommends accepting the high bid.