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Economic development committee recommends sale of Northeast Business Center parcel to Northland Electric
Summary
The city’s economic development committee recommended approval of an offer to purchase a western parcel in the Northeast Business Center from Northland Electric, including a five-year right of first refusal on the adjacent parcel; the committee carried the motion unanimously.
At its April meeting, the Economic Development Committee reviewed an offer from Northland Electric to purchase a vacant western parcel in the Northeast Business Center. Administrator Hirth told the committee the company plans to construct a building for storage and assembly and to include two business suites the company would release to other businesses.
The offer reflects the city’s ongoing lot-division work in the Northeast Business Center; Northland’s proposed purchase would include a five-year right of first refusal on the second parcel the city is dividing. The committee motion to recommend approval of the offer to purchase carried unanimously.
Why it matters: The potential sale would put a vacant parcel back into productive use and provide space for a local business expansion; the five-year right of first refusal preserves an option for Northland on the adjacent lot. The committee’s recommendation will be forwarded to council for any final action required under city procedures.
