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the city would receive funds to develop the site, the adjacent parcel value should increase because of <br />increased density <br />Cons: Uncertain timing and use, the new owner may not want to partner, may not need a housing density <br />increase <br /> <br /> <br />FISCAL IMPACT: <br />No impact. <br /> <br />OPTIONS: <br />• Demolish the building for green space and retain or eliminate the existing parking lot <br />• Demolish the building and expand parking <br />• Sell the building for a business use (Let people know that it may be available to determine <br />interest). Parking could be located in the back or a new parking lot in the front <br />• Lease the building to a business <br />• Keep the building and revisit the issue next year. <br />• Monitor the school site and partner with future developers. <br /> <br /> <br />RECOMMENDATION: <br />Staff would like input on the different options <br /> <br />ATTACHMENTS: <br />• 2017 Space Needs Study <br />• Site Utility Easements <br />• Site Access Layout <br /> <br />