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February 5, 2001 Work Session <br />Page 2 of 2 <br /> <br />Recently, Mr. Johnson received an offer to purchase the property from a group of investors. While <br />Mr. Johnson is considering accepting the offer, he has indicated a willingness to offer the property to <br />the EDA for $150,000. This amount is slightly less than what he is currently being offered. By <br />selling the property to the City, it is hoped that maximum flexibility can be maintained for future <br />redevelopment. The proposed Comprehensive Plan envisions a mixed-use planned unit <br />development in the area. Currently, an appraisal is being done on the property. <br /> <br />Necessary Actions: <br /> <br />Discuss the possibility of acquiring 7980 Groveland Road. <br /> <br /> <br /> <br />______________________________________ <br />Jim Ericson, Community Development Director <br />(763) 717-4021