Approve Purchase Agreement - Lot 4, Block 1, COR TWO (Portions may be closed to the public)

The development team has been working with McDonalds Restaurants over the last year to construct a new corporate facility in the Sunwood Retail area of The COR.

The agreement contains a number of concepts that have been coordinated for the COR TWO plan, and with the approval of the documents related to COR TWO at last weeks meeting, this item is prepared to come forward for final approval by the HRA.

HRA members will be sent the contract and deal summary under separate email prior to the meeting.

The development team recommends the HRA approve the proposed purchase agreement subject to final modifications by HRA Counsel, and adapt a resolution authorizing the HRA Chair and Executive Director to execute the agreement, and all other documents necessary to close.

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Approve the proposed purchase agreement subject to final modifications by HRA Counsel, and adapt a resolution authorizing the HRA Chair and Executive Director to execute the agreement, and all other documents necessary to close.