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EA UPDATE ON POTENTIAL SALE OF ROY MOLITOR PROPERTY <br /> Over the past several years, City staff and officials have met with Roy Molitor, who owns <br /> a home and property along Fenway Blvd. The purpose of those meetings was an interest <br /> of Roy Molitor to sell his property to the City for parkland, which has been an <br /> advertisement in the City's Newsletter for several years. Staff met with Roy a month ago <br /> to discuss his interest, along with the interest of sale of his property to the Schwieter <br /> brothers. Roy visited City Hall on Monday, February 14, 2005, where he announced he <br /> would like to sell his property and would like to get a purchase agreement from the City. <br /> Staff is seeking direction from the EDA regarding the potential purchase of this property. <br /> Additionally, Staff is seeking the direction regarding the interest of the EDA in working <br /> with the developer of the property on the marketing of it; if the City is either unsuccessful <br /> or chooses not to attempt to purchase the property. This opportunity would require the <br /> consent of the developer, but it may provide the EDA with an opportunity to help guide <br /> the development of the property without having to purchase it. City Staff is seeking <br /> direction from the EDA on this matter. <br />