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MEMORANDUM <br /> s - <br /> DATE: April 22, 1983 <br /> TO: Mayor and Councilmen/H.R.A. <br /> FROM: David Childs, City Manager <br /> SUBJECT: Status of Kenzie Terrace Redevelopment Contract <br /> Negotiations <br /> --------------------------------------------------------------- <br /> Although there are no major problems preventing the completion <br /> and execution of a Kenzie Terrace Redeveloper 's agreement, there <br /> continue to exist several minor items which must be resolved. <br /> These include final cash . flow runs for which finalized data <br /> will not be available until the week of April 25th. <br /> These minor problems are neither the fault of the City nor the <br /> redeveloper but represent an attempt by both parties to construct <br /> the best possible contract document for both parties . <br /> For this reason, I request that a special H.R.A. meeting be <br /> set for 7: 30 P.M. , Tuesday, May 3rd, to consider final adoption <br /> of the redevelopment agreement. We expect to have all issues <br /> resolved at that time to the satisfaction of both parties . <br /> DMC/cjk <br />