HRA MINUTES 02121985 - Laserfiche WebLink

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• U -4 - The Attorney told Commissioner Ranallo the Redevelopment Agreement had to be signed before the City executes the purchase agreement with the Walbons who have had to wait six weeks for that to happen and have indicated they can wait no longer. The Commissioner responded by saying he personally would have no problem with having an H.R.A. meeting called Thursday, if staff believes they need further guidance on the Redevelopment Agreement. Motion by Secretary/Treasurer Marks and seconded by Chairman Sundland to authorize the Executive Director, Attorney, and Consultant to finalize the Redevelopment Agreement with Brighton Development Corporation to develop the Old -Highway Eight Redevelopment Project in accordance with the guidelines provided by the H.R.A. members February 12, 1985, and to further authorize the Executive Director and Chairman to sign that agreement. Motion carried unanimously. Mr. Soth then advised the H.R.A. that Brighton Development had asked that they be permitted to erect a sign and sales office on Phase I property and gain construction access off 33rd Avenue N.E. to that site before they take title in May. When she was convinced that the City would be adequately protected by the Letter of Credit and threat of lawsuit from having the redevelopers pull out of their agreement if initial sales weren't up to their expectations, Commissioner Makowske joined the other H.R.A. members in agreeing.,with that request. The H.R.A. perception was that the sooner the sales efforts are initiated, the better the chances would be the project would succeed, withhe tKeniington project cited as an example of y the reverse where sales efforts were delayed too long, according to some of the H.R.A. Motion by Chairman Sundland and seconded by Vice Chair Enrooth to adjourn the Housing and Redevelopment Authority meeting at 10:15 P.M. Motion carried unanimously. Respectfully submitted, Helen Crowe, Secretary