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The development team recommends the HRA consider the above topics and provide direction as to proceeding with <br />this project. <br />If appropriate, direct staff to prepare and execute a 30 day extension to the current purchase agreement to finalize <br />the appropriate documents necessary for the chosen solution. <br />Funding Source: <br />N/A <br />Council Action: <br />Provide consensus direction to the development team as to a potential funding solution for the Flaherty and Collins <br />project, and direct staff to prepare appropriate documents and proceed to renegotiate the existing purchase <br />agreement. <br />Direct staff to prepare and execute an amendment to the existing purchase agreement extending the contingency <br />and closing dates 60 days from their current dates. <br />Inbox Reviewed By <br />Heidi Nelson Heidi Nelson <br />Form Started By: Darren Lazan <br />Form Review <br />Final Approval Date: 05/05/2011 <br />Date <br />05/05/2011 10:51 AM <br />Started On: 05/05/2011 <br />