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2 THIS IS IT NOVEMBER 18-NOVEMBER 22, 1996 <br /> Chuck, Mary and I met with CHS this week. They Auto Central Property: <br /> are very enthusiastic about even a temporary <br /> location for the daycare within the Bel-Rae. If Norwest bank prepared a purchase agreement with <br /> approved on Monday, staff will begin negotiations Ken Clark, bank customer and owner of"Insta- <br /> on a lease arrangement. Mary has arranged for a Lubes", regarding the purchase of the Auto Central <br /> meeting with Fire, Health, City Building, Insurance property. Norwest is waiting for comments and <br /> and CHS to discuss what would be required for a signature from Mr. Clark. If there is no action on <br /> daycare under a temporary situation so that costs the agreement, Norwest will be drafting a purchase <br /> can be identified and rolled back into a lease rate. agreement for review by the City. <br /> We are planning on bringing a draft lease <br /> arrangement to the Council on December 2nd for Cathy <br /> your review. <br /> Also, I did talk to the directors at Sunrise Christian FINANCE <br /> Daycare and Kindercare to get their thoughts On Monday, we received notice from the <br /> regarding having a daycare center at the Bel-Rae. Government Finance Officers Association that the <br /> Sunrise Christian Daycare was very positive in that 1995 Comprehensive Annual Report will again be <br /> they didn't feel there would be an immediate receiving the Association's Certificate of <br /> impact but possibly a longer term impact but they Achievement for Excellence in Financial Reporting. <br /> were confident that they could compete in the Mary, Kitty and Dorothy, along with various other <br /> market place because of their accreditation and staff members, are to be commended for their <br /> reputation. Sunrise used to take a number of sliding effort in putting the 1995 report together, especially <br /> scale clients but do not prefer this option. Sunrise in light of the fact that the finance department was <br /> thanked the City for contacting them and would be short staffed and had little prior experience in <br /> interested in partnering with CHS on overflow and complying the necessary information. <br /> accommodation issues in the future. Kindercare did <br /> not have much to say but will pass the information Marge Norquist is back with us again for 30 hours <br /> along to the regional director for planning purposes. per week until Dorothy returns to work. While its <br /> Kindercare does offer after school daycare. They great to have Marge back with us because of her <br /> said that this in their only program that always has knowledge, skills and personality, we hope that <br /> openings. Franklin has a speedy recovery and that Dorothy <br /> will be back soon. <br /> Silver Lake Pointe Apts Assignment Agreement: The auditors were here for part of the week to <br /> Attorney's are going back and forth on the begin their work for the 1996. We do not expect <br /> assignment agreement that was prepared by any unusual problems. <br /> representatives from MSP Real Estate regarding the In addition to our usual tasks, Mary& myself assisted <br /> financing for Silver Lake Apts. Jim O'Meara just in the election recount on Friday. We have also <br /> received a marked up copy of the agreement late been working with Ramsey County and property <br /> on Wed. and is hoping to review it on Thursday. If owners on the special assessments for the Bronson <br /> there are no more changes the item will be on the Drive project; originally, the County was not going <br /> November 25th EDA agenda. EDA packets may to allow us to charge only '/z year's interest in 1997, <br /> not be available until Friday on this item. however, after several discussion with them and <br />