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-3- <br />Motion by Secretary/Treasurer Marks and seconded <br />Brighton Development Corporation $163,390 for the <br />III of the Old Highway 8 Redevelopment Project if <br />Motion carried unanimously. <br />by.Vice Chair Enrooth to charge <br />remaining'land in Phases II and <br />the closing is June 18, 1986. <br />Ms. Donaldson indicated her firm had "40% hard purchase agreements" for the project <br />and what she considered to be "a good mix of people" in that number. She said she <br />was very confident the project would move ahead rapidly now although she had to <br />admit the slowdown of the Kenzington project had created some public relations <br />problems for the townhome project. The developer said, however, she perceived <br />the upbeat comments in the City Newsletter had done a great deal to dispel some of <br />the doubts. Ms. Donaldson promised Vice Chair Enrooth to keep the H.R.A. <br />specifically informed about the project's progress. <br />Motion by Commissioner Ranallo and seconded by Commissioner Enrooth to adjourn the <br />H.R.A. meeting at 9;10 P.M. <br />Motion carried unanimously. <br />• <br />• <br />Respectfully submitted, <br />Helen Crowe, Secretary <br />