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2 • 1 businesses in the St. Anthony Village Shopping Center for the Kenzie 2 Terrace Redevelopment Project. 3 Motion carried unanimously. 4 Redevelopers Refusal to Take Possession of Project Property Before 5 Vacated Delays Closing Until January 10th 6 Mr. Childs reported Lang/Nelson was refusing to take title to property 7 with tenants still present in the buildings unless the City totally 8 indemnified them against any expense incurred should the tenants not be 9 out when title is transferred. He said the H.R.A. Attorney would not 10 recommend a total indemnification and had been concerned that if, for 11 example, the City had to wait 10 days for an Unlawful Detailer to go 12 into effect and there should be a cold snap which prevented the 13 redevelopers from proceeding with demolishing the property, the 14 developer may claim losses because they have fallen behind in the 15 construction schedule. Such litigation could be very hard to defend 16 against. The Executive Director said by delaying the closing to the 17 tenth of January, three days after the Alternative is vacated, the City 18 would be protecting itself from that happening. 19 The Executive Director reported the owners of the .adjacent shopping 20 center had signed off on the additional parcel near the Town and Country 21 Store which was needed for the apartment project and all other issues • 22 except the premise vacancy seemed to have been resolved. 23 There was a brief discussion of the necessity for restriction of traffic 24 through the project area during construction as well as explanatory 25 signage to that effect. 26 ADJOURNMENT 27 Motion by Enrooth, seconded by Marks to adjourn the St. Anthony Housing 28 and Redevelopment Authority meeting at 8:30 P.M. 29 Motion carried unanimously. 30 Respectfully submitted, 31 Helen Crowe, Secretary 32 •