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AGENDA ITEM 6 <br />STAFF ORIGINATOR: Brian Wessel <br />DATE: 2/12/96 <br />TOPIC: Resolution No. 96-03 setting date for the public hearing for the <br />proposed sale of property in the Apollo Business Park <br />BACKGROUND: <br />A public hearing is required when the city is writing down the cost of land owned <br />by the EDA to a business. The EDA has authorized preparation of a modified <br />Plan to provide financial assistance to Progressive Engineering in the city - <br />owned portion of the park, and a public hearing can be scheduled. <br />OPTIONS: <br />1. Adopt Resolution No. 96-03 calling for a public hearing to be held on March <br />25, 1996 at 6:00 p.m. <br />2. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />