Laserfiche WebLink
CM <br /> OF REQUEST FOR COUNCIL CONSIDERATION Agenda Section: 6. <br /> IlliNDS <br /> STAFF REPORT Report Number: 9 6-1 6 9 6 wS <br /> 0 �� AGENDA SESSION DATE March 4 1996; Report Date: <br /> 2-29-96 <br /> • <br /> refs••Partneis�`ps <br /> DISPOSITION <br /> Item Description: <br /> Discussion of Appraisal Report and Legal Opinion for Bel-Rae Ballroom <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMARY; <br /> Per EDA's direction, staff commissioned an appraisal and legal opinion for the potential <br /> purchase of the Bel-Rae Ballroom for your discussion. <br /> Attached is the summary of appraisal, provided by McKensie Metro Appraisers, for the <br /> Bel-Rae Ballroom land and building and legal opinion regarding the use of TIF for the purchase <br /> and renovation of the Bel-Rae prepared by the City's Bond Attorney Jim O'Meara of Briggs and <br /> Morgan. <br /> • I will be available to discuss these items at the work session. <br /> Octs1-km getit , <br /> Cathy Bennett, Economic Development Coordinator <br /> 4110 <br /> RE OMMENDATION; <br />