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AGENDA ITEM #5.2. <br /> REPORT TO COUNCIL <br /> Date: April 6, 2004 <br /> Regarding: Discussion on Industrial Park Lots <br /> Staff has been working with BLADC to put together a marketing plan for the City's <br /> remaining industrial park lots. We are proposing to market the remaining lots at <br /> $30,000 per acre. The lots were originally supposed to sell for $19,358.68 per acre <br /> when the industrial park was developed. The other issue that we need to work on is <br /> extending infrastructure to the lots that do not have water and sewer available. I am <br /> working with Tim Houle and Sid Inman of Ehlers to see if this is financially feasible for <br /> the City. <br /> I would like the Council to consider authorizing staff to form an industrial park <br /> committee. The committee would consist of the following: <br /> City Council — 2 representatives <br /> PLADO — 1 or 2 representatives <br /> Planning Commission 1 representative <br /> Staff— City Clerk and Zoning Administrator <br /> BLADC — 1 liaison <br /> This committee would meet whenever there is a prospect for the industrial park. The <br /> committee would review proposals and make its recommendation to the Council. <br /> Council Action Requested: <br /> 1. Council motion authorizing the sale of industrial park lots at $30,000 per acre. <br /> 2. Council motion authorizing the creation of an industrial park committee. <br /> Report.doc <br />