Laserfiche WebLink
®2 <br /> Housing and Redevelopment Authority Meeting Minutes <br /> May 25, 2004 <br /> Page 2 <br /> 1 <br /> 2 Commissioner Faust noted the LaNel project was discussed at the last meeting and'he felt the <br /> 3 City was at a point where it should start pressing that issue. Mr. Mornson stated he agreed. <br /> 4 <br /> 5 Commissioner Faust suggested the timing as it related to the tax-exempt status of the property <br /> 6 should be discussed and some leverage should be used to keep the process moving forward or the <br /> 7 City should refocus on a different project. Mr. Mornson responded he agreed and asked for a <br /> 8 motion from the HRA. <br /> 9 <br /> 10 Motion by Commissioner Faust, seconded by Commissioner Thuesen, to approve placement of <br /> 11 said property back on the market if not closed by June 30, 2004. <br /> 12 <br /> 13 Discussion: <br /> 14 <br /> 15 Commissioner Stille stated the City could negotiate if LaNel wanted to retain control of the <br /> 16 property. Mr. Mornson responded LaNel could ask for a 30-day extension and the City would <br /> 17 then "have a hammer over them," noting the City did want to be accommodating if it knew <br /> 18 something was going to happen. <br /> 19 <br /> 20 Commissioner Faust suggested the City could enter into a Purchase Agreement with earnest <br /> 21 money, at which time there would be honest brokerage on both sides. <br /> 22 <br /> 23 Motion carried unanimously. <br /> 24 <br /> 25 VII. INFORMATION AND ANNOUNCEMENTS. <br /> 26 None. <br /> 27 <br /> 28 VIII. ADJOURNMENT. <br /> 29 Chair Hodson adjourned the meeting at 8:04 p.m. <br /> 30 <br /> 31 <br /> 32 Respectfully submitted, <br /> 33 <br /> 34 Marjorie R. Jenkins <br /> 35 Timesaver Off Site Secretarial, Inc. <br />