20200804 Regular City Council Meeting - Agenda (3)Exide Site
Development
Options
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City Council Meeting
August 4, 2020
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Agenda
• Background to the Exide site
—Bankruptcy and current sale at auction
• Risks involved with acquisition
—Ongoing liability and mitigation
• Opportunity to develop
—Resolve mitigation issues
— New business partner with the City
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Exile Technologies-
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Site Description and Overview
• Risks and mitigation
—Why should the City get involved?
—Why this property is valuable to a potential
business?
—What type of business might be interested?
• Plan for the site
—Environmental services
—Solid waste transfer station and recycling
Recommendation
• Non -binding letter of intent and interest
— Does not obligate the City
— Poses no risk to the City
• Longer term plan
— Identify ultimate responsible party (State)
—Quantify maximum scope of environmental
impact and remediation
— Partner with a large environmental services
company