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1 towards each tenant• relocation and what is anticipated would be paid <br />0 later. <br />3 A brief discussion of several items in the consultant's report preceded <br />4 the following: <br />5 H.R.A. Action <br />6 Motion by Ranallo, seconded by Enrooth to accept the recommendations of <br />7 the Relocation Consultant to authorize the payment of $9,342.00 to cover <br />8 the immovable fixtures in the ACS Audio Warehouse Store. <br />V <br />Motion carried unanimously. <br />10 $60.000 Purchase Agreement for Triangular Parcel Approved With Changes <br />11 Mr. Soth indicated there were two changes in the agreement with Osborne <br />12 Properties in the agenda packet which he was recommending the H.R.A. <br />13 accept for the acquisition of the portion of the Town and Country Food <br />14 Store west parking lot which is needed for the Kenzington Apartments of <br />15 St. Anthony project. These were: <br />16 1. that the property owners would not be required to provide an abstract <br />17 for the property because they needed to retain it for the grocery <br />18 store property and the City and the developer would both be covered <br />19 by title insurance; and <br />2. since the deed couldn't be executed in time to meet the County <br />deadline for splitting off property for tax purposes, the property <br />22 owner would pay property taxes on the parcel payable in 1989 and the <br />23 H.R.A. would make an adjustment for that payment at the closing based <br />24 on square footage calculations of the triangular parcel. <br />25 The H.R.A. Attorney said Kraus Anderson was all ready to sign the <br />26 purchase agreement but the operative franchisee was holding up the final <br />27 execution. There was general surprise that a store owner whose business <br />28 would benefit so greatly from having the project up and rented would <br />29 be the one who would be holding up the procedures. Chair Sundland <br />30 indicated his intent to talk to him the following day. <br />31 H.R.A. Action <br />32 Motion by Marks, seconded by Makowske to adopt the resolution which <br />33 would approve the Purchase Agreement with Osborne Properties with the <br />34 changes recommended by the H.R.A. Attorney and to authorize the H.R.A. <br />35 Chairman and Secretary to sign the agreement as soon as Red Owl and the <br />36 Town and Country Store owners have executed their part of the <br />37 agreement. <br />It 2 <br />