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�'�_ '� I _: -�,� — c � .-- - - — — --_ -- - - .-. a� __.__ s ,f . __.. <br />Page Two <br />4/22/96 <br />EDA Staff Report <br />In discussion with Chuck, the main purpose of the option is to allow staff to present several <br />scenarios for use and financing of the property. The City is currently in consultation with <br />the Volleyba(I Association and have discussed several structures to an agreement with both <br />Bob Thistle (Springstead) and Jim O'Meara (Briggs 8t Morgan). In addition, we have met <br />with Nicic Temali, Director of Community Education with 621 School District, with <br />regards to their possible participation in the project. We feel the option agreement, <br />expiring on July 31, 1996, will allow us time to put together several options for EDA <br />Board consideration to malce a sound, equitable decision on the City's future participation <br />in the redevelopment of the site. <br />If you have any questions with regard to the option agreement prior to Monday evening <br />please contact me. Bob Long will also be in attendance Monday evening for the adult use <br />ordinance if other questions arise. <br />