5.5.
Economic Development Authority (EDA)
- Meeting Date:
- 04/13/2017
- Submitted For:
- Patrick Brama
- By:
- Patrick Brama, Administrative Services
Title:
Update: Platinum Properties PA
Purpose/Background:
Attached is former PA with Platinum Properties (it has been terminated).
Staff has been told by Platinum Properties that they intend to bring back a new PA this week. The new PA will be very similar, if not identical, to the existing PA (as indicated by Platinum Properties). However, with that said, staff has not received a final/ formal request. This situation is fluid. Staff will likely have more updates come the EDA meeting on 04/13.
If this project is to move forward, it will need to move fast (this building needs to be constructed before January 1, 2018). If the PA that comes back to the City is the same as originally proposed, staff doesn't intend to bring said PA back through the EDA (due to timing). However, if the PA that comes back, has substantial changes, staff will bring it back through the EDA for review. In that situation, staff anticipates a request for a special EDA meeting.
Staff has been told by Platinum Properties that they intend to bring back a new PA this week. The new PA will be very similar, if not identical, to the existing PA (as indicated by Platinum Properties). However, with that said, staff has not received a final/ formal request. This situation is fluid. Staff will likely have more updates come the EDA meeting on 04/13.
If this project is to move forward, it will need to move fast (this building needs to be constructed before January 1, 2018). If the PA that comes back to the City is the same as originally proposed, staff doesn't intend to bring said PA back through the EDA (due to timing). However, if the PA that comes back, has substantial changes, staff will bring it back through the EDA for review. In that situation, staff anticipates a request for a special EDA meeting.
Notification:
Observations/Alternatives:
Funding Source:
Recommendation:
Action:
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kathy Schmitz | 04/10/2017 10:04 AM |
- Form Started By:
- Patrick Brama
- Started On:
- 04/03/2017 12:47 PM
- Final Approval Date:
- 04/10/2017