2012.07.09 EDA Packet - Laserfiche WebLink

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MINUTES FOR THE EDA MEETING OF JUNE 11, 2012 Miron called the meeting to order at 8:34 am. PRESENT: Arcand, Bever, Denaway, Granger, Klein, and Miron ABSENT: Puleo STAFF: Bryan Bear, City Administrator Rachel Juba, Planner Liz Hanson, Community Development Intern APPROVAL OF MINUTES FOR THE EDA MEETING OF MAY 14, 2012 Klein made motion, Arcand seconded, to approve minutes for the EDA meeting of May 14, 2012 All ayes. Motion carried. DISCUSSION ON CARPENTER'S PROPERTY The Carpenter's property was destroyed by a fire. Prior to the fire the property owners received approval of a redevelopment plan for the property. The redevelopment did not occur and the buildings were demolished. The property currently has two liens from the builder and architect. These liens are consolidated together to form one that estimates at around $45,000. The total amount owed on the property due to delinquent taxes, assessments, liens and interest is $210,611.90. The liens were foreclosed and a sheriff's sale went to the contractor. Cathy Anderson has the right to buy her property back by June 23rd. After this date she will lose the property completely and will not receive any reimbursement. City staff had a meeting with her to discuss purchasing the property. The City would take care of the back taxes, assessments, and liens that have accumulated on the property, if purchased. City Staff asked the EDA to have a discussion on purchasing the property. The EDA agreed that buying the property would bring many opportunities and benefits for the City. The purchase would provide opportunities for redevelopment and future growth as it abuts the City owned property in downtown Hugo. Denaway made motion, Granger seconded to make a recommendation to the City Council to purchase of Carpenter's property. All ayes. Motion carried. UPDATE ON DOWNTOWN REDEVELOPMENT