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P~[INUTF S <br />Ci.ty Council <br />Oct. 2~s, 1.9ti4 <br />Larry Lee P4rs. Sca7.a.e asl~ed if thi., proposal. conY_ai.ned more ~ercenteigr of bl.aclctop <br />(Cont.) than Che other~a o:f. i7r.. Lee's. P~,Ir. idelsh repl.i.ecl that it is within 1% <br />of the ot:her four bui.ldings i.n the i.mmedi.lt:e 7.ocati.on. <br />`irs. Sealze poi.nted. ouC that when T.hi.s lasC build:i_ng i.s btci.lt, the partc <br />charge balance musC be pai.d. h(r.. L,ee sCated t:hat he was agreeable to <br />¢:hi.s. <br />Mrs. Scalze asked i.f Mr. Lee was interested i.n switching park lancl. ~1r, <br />L~ee re~lted that he was i.f soinethi_nz; transpired witki tl.~ie property to <br />the south. Lee al.so sCated that he wi_11. come baci< wi.th 1ot and bl.ocl< <br />numbers for t:he pr.operty. <br />Industria~l Mr. t,ee re~orCed that l~ie wi1.l be using about ~1 million i.n the :indusCr:i.a1 <br />Revenae 73onds revent.~c bonds Chat the City prevously appr.oveci for hi.m. Lee reported <br /> Ch1t: h~ has had con versltion wit:h the two pr;i.nci.pl.es on the 20 acre <br />Agend<i parcel t_o the east. Lee staCed ChaY: they wou~ld like to pursue <br />Additi.on development: of th~is parcel wi.t:h 1 parlc alonh t:he south si.de ot the <br /> property, <br />?-Ir. Lee stated C)iat he would I.itce tl1e. feeli.nr; of the Counc.~il on this <br />before he brin~;s Che matter up to the nei.~;hbors. <br />?~1r. I.,ee stat:ed that: ttie $10 mi1.li.on approval l~ie hras i.n i.ndustri.al. <br />revenue honds is about the only one in tt~e SCate. P4r. I.,ee staCed <br />theiC he would need to get: something started on this 7.0 ~acre parcel <br />f.a:irl.y qtci.clcl.y i.n order to utilize this industri.al. revenue fLmda.n;< <br />Nr, I,ee stated ChaC he has two users f:or the property, one need:ing <br />80,000 square f.`ee~ and the other 7.00,000 square f:eet. <br />~lr. Lee staCed thaC i.f the City f.eel.s :i.t ~i.s caorth pursu:i.n; wi.th the <br />partc lrea as a buffer zone, he w:i7.1. meet with the neighbors, <br />~1rs< Narcli.ni. eislce<1 i_[ the si.te would be large enough f:or bal7.fields, <br />i9r. Lee stated that it would be. Lee statecl tnat the ~arlc would be <br />about 1,000 [cet across f.~rom Jacl:son to Co~~td~ri.t. <br />i~7r.s. Scalze stated that the ne.i.gtiUors would have to be i.n f.avor of the <br />proposal. P4r, }~orsberg stated that the nei.f;hbors mi.ght not want ballfi.eld, <br />witl~ the addit~i_onal. traffic that they ~vould generaCe. <br />Mr. Forsberg stated that the l~arlc i.dea was worth pursui.ng. <br />Mr. Hanson asked what the pr.oposal cooul.d cost the Ci.ty, i~[rs. Scalze <br />st~tecl that t:he proj>osal would cost the City an upzoning< <br />Mr. Lee ;;tated that he woul.d donate Chis land Co the C:i.t:y. <br />Page -6- <br />