Discussion:
This action will begin the disposition process for this large parcel. OPUS is pursing several tenants, including a large office user. Once they make a decision on the ultimate design, they will return to the Planning Commission and City Council for PUD zoning to allow them to maximize the property for the largest number of jobs and investment.
Opus is purchasing almost 16 acres that also include two large storm water basins that the city has constructed. These are covered by drainage and utility easements and are not buildable.
This agreement also allows them to provide additional parking on a portion of the EDA owned out lot. That parcel is considered contaminated but parking on the surface with minimal disturbance would be considered acceptable risk. If they choose to park in that area. they will provide additional landscaping in the area to buffer parking from the entrance.