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<br />7. Deadline: Developer requested a response by February 23, 2018. We have <br />requested Friday, March 9. This may need to move to March 16th. <br /> <br />Staff also noted that the offered price was not commiserate with surrounding land sales. <br /> <br />Developer has responded that the issues raised above could be worked through and <br />suggested the EDA make a counter offer with regards to price. <br /> <br />Balancing comparable land sales with the desirability and draw of the proposed user. <br />Staff would suggest a counter offer of 7.50 SF. Grocery users tend to demand a lower <br />square foot price if they are the main anchor. <br /> <br />Requested Council Direction <br /> <br />Discussion only. Staff is requesting the EDA’s direction regarding land price. <br /> <br />Attachments <br /> <br />1. Site Location Map <br />2. Venture Pass Partners draft LOI <br /> <br />