EDC Packet 02-19-2014 - Laserfiche WebLink

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ECONOMIC DEVELOPMENT COMMISSION Supplemental notes to February 19,2014 EDC Meeting Agenda The following are supplemental notes for the regular meeting agenda. IV. New Brighton Exchange A. Discussion of offer to sell real property generally described as Outlots A and F, New Brighton Exchange 1st Addition * (Feedback Requested) The City, Ryan Co. and Colliers have been in discussions with a corporate user to acquire approximately 10 acres of land on the east side of Old Highway 8 in the area generally referred to as Outlots A and F, New Brighton Exchange, 1st Addition. The company is considering several sites and has requested that it not be identified at this point. This project is on a very fast track and as such the City Council has been involved in some of the negotiations in the last couple of weeks. In fact, the project was discussed in a closed work session on February 11th and a subsequent discussion is scheduled for next Tuesday (February 18th). The City Council cannot make decisions in a closed session, but it can discuss negotiations strategy. Staff believes it would be beneficial to provide the EDC with an update on the talks and solicit feedback (where appropriate) on the negotiations strategy. The most effective way of doing this is to close this portion of the EDC meeting to the public. If the EDC chooses to do so, the process would work as follows: 1. Chair identifies the topic to be discussed(description above would suffice) and solicits a motion to go into closed session to discuss pending offers on the sale of real property pursuant to Minnesota Statutes 13D.05. 2. If motion and second are made; EDC would then hold vote to close the meeting. If motion passes, chair would proceed to the next step. 3. All in attendance must be identified for the record, including commissioners and staff Any outside parties would be asked to step out during the course of the discussion. Chair should note the time when the discussion starts. 4. Closed discussion can occur. 5. Once closed discussion concludes, the Chair needs to entertain a motion to re-open the meeting. EDC would then vote on the motion and return to the regular agenda. Chair should note the time when the open meeting resumes. It is important to keep in mind that both minutes and audio will be kept and anything said in the closed session will be part of the record. The purpose of a closed discussion is to discuss strategy with respect to the offer and possible counter offers that would not otherwise compromise the City's position. If the City makes a deal in this case,the audio and minutes will become public. Virtually everything a public body does in a meeting must be public. This is one of a few exceptions under the open meeting law and is used rarely.