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6.0 EDSR 02-12-2007ITEM # 6. of ntver MEMORANDUM TO: Economic Development Authority FROM: Scott Clark, Community Development Director ~~ DATE: February 9, 2007 SUBJECT: Request for Purchase of Portion of EDA Land Located on County Road I Attachments • Aerial Map highlighting EDA property Issue Over the past several months, staff has been in discussions with representatives of Abiding Savior Lutheran Church, who had expressed interest in purchasing or an exchange of land between their church and the EDA property as shown on the aerial attachment. Several weeks ago, the church's board met and has elected to discontinue any further negotiations. However, the Ciry's Parks and Recreation Commission has expressed an interest in securing this property from the EDA, and is of the opinion that it is valuable as passive open space and a future pedestrian trail development, as highlighted on the attachment It would be The Commission's intent to secure the property and place a trail development line item in the 2008 Parks Capital Improvement Budget, with abuild-out potentially in 3-4 years, as funds become available. Recommendation Staff recommends that the Economic Development Authority initiate the transfer of the subject property to the Ciry for park purposes. S:ACommunity Development\Scott Clark\2007 EDA memos\Co Rd 1 pack property.doe 055E7aP~el ~olO~dH'Wtl 00~60~TT LOOZ/6/Z '6mp~aseg\I /3~~I~eE y~ny~\s~~ed\~S