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1 '.' <br />-2- <br />The H.R.A. decision was to proceed with the Purchase Agreement as long as it was <br />• made contingent upon securing a redeveloper. -Mr. Soth said he perceived that, <br />if the Walbons would accept -that -contingency, they would probably not object too <br />strenuously to the addition of the rezoning of the property and a Redevelopment <br />and Tax Increment Plan as well. <br />Mr. Krier then recommended he and Mr. Childs be authorized to take proposals from <br />developers which could be presented.for H.R.A. consideration at the December 18th <br />meeting. The Executive Director said that would give him time to inform the <br />Planning Commission of the latest developments in the Walbon matter during their <br />December 11th meeting. Mr. Childs also suggested -the acquisition be financed <br />internally by—the City and that the 202 funding be incorporated for bonding when <br />tQ-202 funding is available. Mr. Soth agreed that the property would have to be <br />bought by the City, not the H.R.A. <br />Motion.by Councilman Enrooth and seconded by Councilman Ranallo to adjourn the <br />St. Anthony Housing and Redevelopment Authority at 10:50 P.M. <br />Motion carried unanimously. <br />L <br />0 <br />Respectfully submitted, <br />Helen Crowe, Secretary <br />