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<br /> <br /> <br /> <br /> <br /> <br />333 South 7th Street <br />Suite 1370 <br />Minneapolis, MN 55402 <br />United States <br /> <br />T 612.913.5654 <br />C 651.231.0728 <br /> <br />avisonyoung.com <br /> <br />Date: December 21, 2016 <br /> <br /> <br />To: Mayor & City Council <br /> <br />From: Bruce Bahneman & Matt Angleson <br /> <br /> <br />Re: Redevelopment of Owasso/Woodlyn Area <br /> <br /> <br />Our primary approach on the South Owasso project will be to identify qualified local industrial <br />developers who have previous experience in developing parcels of this size and also have wishes to <br />acquire the city-owned and privately-owned parcels. Avison Young feels that the most likely buyer <br />will be of this scenario. The developer will be responsible for assembling the private properties to <br />meet the objectives of the overall redevelopment. The City of Little Canada will retain control of <br />this process by not entering in to a purchase agreement for its properties until it approves the <br />overall development concept and has the appropriate guarantees to ensure performance. <br />Should this approach prove to be unacceptable to the market or the city, Avison Young will focus <br />on disposition of the city-owned parcels only. <br />