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ENA for YMCA <br />January 15, 2019 <br />Page 3 <br />Upon City Council approval of this action, staff will begin the development of a draft Exclusive <br />Negotiating Agreement with Caribou Industries and will work to define the business terms of the <br />agreement for future City Council action. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item allows the City to meet Goal #3 (Economic Development), Objective #5 <br />(Leverage private investment that results in tax base expansion and job creation citywide), <br />Strategy A (Identify and market underutilized properties for new development that will create new <br />jobs and expand the City's tax base). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. ' <br />�_ N- V � <br />Steven A. Mendoza <br />Executive Director <br />Community Development Agency <br />Exhibit: 1. Caribou Industries Proposal <br />19C-3 <br />