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� ��� '_' ' .. _i ��_. ; -' �u:_�� � , . . �'�,:_. -� ` 1��= .� . G :t_ -__'_— ":..: _..� - __ _. .�.. ��= .�__. �.. _ __.�,.. <br />M�UNDS VIEW ECONOMIC DEVE�.OPIV�ENT AUTH4RI'i'Y <br />REQUEST FOR EDA CONSIDE�2ATiON <br />STAFF 1�EPORT <br />EDA MLLTING DAT� June 27, 1994 <br />EDA Action: <br />❑ Special Order of Business Agenda Sectiou: �• A <br />❑ Public Hearings Report Number:EDA-94-16 <br />❑ Cunsent Agcncla Rcpurt Datc: 6-23-94 <br />� CDA Busiucss <br />Itent Dc:scriptiou: Consideration of EDA Resolution No. 94—EDA10 Approving and Authorizing the <br />Execution of a Revised Development Agreement with the Everest Group, Ltd, Regarding <br />Executive Director's Review/Recommenda[ion: <br />- Nc� comments to supplement tliis report <br />- Cotuiiicuts attaclie� <br />L.X�J�II118IIOl1�SUIIlIlltlry (allach supplcnicul shec[s ;u nca;ssary) <br />SII1�Yi�WRY: <br />At th� .lun� 6, 1994 w�>rk ti�stiion th�re was a CIItiCUtitilO❑ I'C�tll'(�lll�� Multi-Tech's a��reement with Gverest for I�urchase of the <br />remainin�� so-�allael "Wast�" ��roperty. 1'hiti ��ro��erty is ad.jacent to Multi-Te�h's curr�nt facility ancl has he�n referred to, hy <br />EVCI'CtiI, as tlic; sit�. 1�c�r huilclin�� K. This aclditional property consist of a����roximatlCy 5. 13 acres xnd ��otentially will hc: used <br />ti>r x thircl-�hase fa�ility r;x��ansion by Multi-Te;ch in th� future. <br />The rctiolution ti�r your con�icleration notes fllt. CCV(ti1011ti �)LICSLICiIt IO t�1C �ifJdl'CCIIlCI7C ahove. Thosc; r�veisions are as tollows: <br />I. Noteti the sale to Multi-Tech of approximatley 507,31G syuare feet of real prc���erty as opposed to the 279,409 square f�et <br />� UIl(ICf IIIC �)CIOI' VG:tiIOIl Ut tI1C x��reement. , � <br />2. ns a I'CtiUII O� IIIC Clllll'C �)LII'Cll�ltiC, there is no rexson for re��latting c>r tiubdivision of the prorerty and therefore no park <br />cl�clication t���s xrc reyuirecl until such time as Multi-Tech d�t�rmines to ��lat thc ��re>��Crty. Therefore, the contingency <br />with re��arcls to the ��ark cleclications fees has been r�solved by the acloption of the rcvis�el resolution. <br />All othcr conditions of Ihe el�velo��ment a�!reement remain thr. same as presentecl on May 23, 1994. <br />Cathy Bcnn , �onomic Dd���Ic���mCnt Coorclinator <br />RI?COi�Ii�tEND�TIO�l: <br />Mc>ticm to �vaivu thr. rraclin � an�l a����rovc/�lisa����rc>ve Resc�lution No. 94-EDA10 A����rc�vin�� xncl Authorizing the Execution <br />i�l �i Rcvitir.�l Drvclo��m�nt A��reCment �vith thr. Gverc;tit Grou��, Ltcl, <br />Rc�s�r�lin�r Multi-T�r.h Ex���uision. <br />