Laserfiche WebLink
W.-_< pyr <br />On October 28, 2004, the City Council and Housing and Redevelopment Authority (HRA) <br />approved an amendment to the Development Agreement with Apache Redevelopment LLC for <br />an extension on the timeline for redevelopment of Phase 11. The extension date approved for <br />execution ofa contract. addendum was July 1, 2005. <br />As you recall, the Phase II development is comprised of the senior condo/co-op, the high-end <br />town homes and additional stacked flats and were to be located on the properties located along <br />Stinson Boulevard and the existing 39"' Avenue. Due to the extensive time that the Developer <br />has needed to expend on expediting and finalizing all the components of Phase 1. of the <br />development and additional Lime required to obtain appraisals and negotiate acquisition of the <br />Phase II properties, they are requesting an extension of file above-ruentioned tirneli,ne for <br />execution of the contract addendum (Phase 11 contract). <br />The Developer is committed to completing ]'base II of the development and is requesting that <br />the City Council and HRA approve an extension for completion of the Phase II Development <br />Agreement to November 30, 2005. <br />Please contact me at 651-697-8506 with any questions. <br />cc: File <br />LEADERS IN PUBLIC FINANCE <br />3060 Centre Pointe Drive Phone: 651-697-8506 Fax: 651-697-8555 <br />Roseville, MN 55113-1105 skvilvang@ehlers-inc.com <br />t^1�l <br />S <br />f <br />ASSOCIATES INC <br />To: <br />Mike Morrison — <br />City Manager <br />from: <br />Stacie Kvilvang <br />— Associate Financial Advisor <br />Date: <br />June 23, 2005 <br />"Time <br />Subject: <br />Extension of <br />Line for Phase 11 Development — <br />Northwest Quadrant <br />Redevelopment <br />On October 28, 2004, the City Council and Housing and Redevelopment Authority (HRA) <br />approved an amendment to the Development Agreement with Apache Redevelopment LLC for <br />an extension on the timeline for redevelopment of Phase 11. The extension date approved for <br />execution ofa contract. addendum was July 1, 2005. <br />As you recall, the Phase II development is comprised of the senior condo/co-op, the high-end <br />town homes and additional stacked flats and were to be located on the properties located along <br />Stinson Boulevard and the existing 39"' Avenue. Due to the extensive time that the Developer <br />has needed to expend on expediting and finalizing all the components of Phase 1. of the <br />development and additional Lime required to obtain appraisals and negotiate acquisition of the <br />Phase II properties, they are requesting an extension of file above-ruentioned tirneli,ne for <br />execution of the contract addendum (Phase 11 contract). <br />The Developer is committed to completing ]'base II of the development and is requesting that <br />the City Council and HRA approve an extension for completion of the Phase II Development <br />Agreement to November 30, 2005. <br />Please contact me at 651-697-8506 with any questions. <br />cc: File <br />LEADERS IN PUBLIC FINANCE <br />3060 Centre Pointe Drive Phone: 651-697-8506 Fax: 651-697-8555 <br />Roseville, MN 55113-1105 skvilvang@ehlers-inc.com <br />