2.2.
HRA Work Session
- Meeting Date:
- 07/17/2012
- By:
- Darren Lazan, Housing & Redevelopment Authority
Information
Title:
Consider Offer to Purchase Land - Drive-Thru Restaurant (portions may be closed to the public)
Background:
Over the past several months, the development team has worked with a national fast food user to establish a location in The COR. They had considered a number of locations previously, but were unable to commit to a site until the Sunwood Realignment was finalized and underway. With the certainty of that project, they have come forward and presented a term sheet on the parcel in the SE corner of the new Sunwood/Armstrong intersection.
This deal is now moving quickly, and the regional representative is in town next week to finalize the approvals.
The development team will review the current offer with the HRA and present detailed information at the meeting.
This deal is now moving quickly, and the regional representative is in town next week to finalize the approvals.
The development team will review the current offer with the HRA and present detailed information at the meeting.
Recommendation:
The development team recommends the HRA consider the proposed terms presented at the meeting, and provide consensus direction on proceeding to purchase agreement with this buyer.
When completed, a purchase agreement will be presented for your consideration and approval at a regular meeting of the HRA.
When completed, a purchase agreement will be presented for your consideration and approval at a regular meeting of the HRA.
Funding Source:
N/A
Council Action:
None. Consensus direction only at this time.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 07/12/2012 03:20 PM |
- Form Started By:
- dlazan
- Started On:
- 07/12/2012 08:37 AM
- Final Approval Date:
- 07/12/2012