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nF!=L�LAR �"i1��;vCIi. 1�=ETI:vi, <br /> 3 PAGE. 8 <br /> 4 <br /> 5 <br /> 6 He also suggested that the "halo" effect of the Cub Stare <br /> 7 would attract other businesses into Apache Plaza thereby <br /> 8 benefitting all the other businesses . He also suggested <br /> 9 since the City does not own the site, it does not control <br /> 10 it . <br /> 11 <br /> 12 8 . PUBLIC HEARING . <br /> 13 <br /> 14 A. Approve St Anthony Housing and Redevelopment Authoritv <br /> 15 Plan and Financing for 3112 Silver Lake Road (Resolution <br /> 16 No. 93-007 ) . <br /> 17 <br /> 18 The Public Hearing was opened at 8 : 00 p.m. <br /> 19 <br /> 20 The City Manager had been authorized by the City Council <br /> 21 to purchase this, property for a maximum of $42 , 000 . He <br /> 22 negotiated the price with the owners and they settled on <br /> 23 a purchase price of $42 , 000 . The City Manager felt this <br /> 24 price was reasonable . <br /> 0 Mayor Ranallo noted that the property has been vacant for <br /> the last year . It would be beneficial for the City to <br /> 28 demolish the house and offer the property for sale to a <br /> 29 developer who would build a home on it . <br /> 30 <br /> 31 Motion by Enrooth, second by Marks to close the Public <br /> 32 Hearing at 8 :02 p.m. <br /> 33 <br /> 34 Motion carried unani-mously <br /> 35 <br /> 36 <br /> 37 Motion by Fleming, second by Marks to approve Resolution <br /> 38 No. 93-007 being a resolution approving the S.t . Anthony <br /> -39 Housing and Redevelopment Authority Plan for 3112 Silver <br /> 40 Lake Road and authorizing the use of H. R.A. financing. <br /> 41 <br /> 42 <br /> 43 Motion carried unan1mously <br /> 44 <br /> 45 9. ' NEW BUSINESS <br /> 46 . . <br /> 47 A. Final Plat for Tires Plus , 3800 Silver Lake Road <br /> 48 An easement will be needed by this -firm as there presently <br /> 49 <br /> 50 is., no., access. It. is•.owned by-- the owners. of Apache Plaza. <br />