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especially where it's Torrens property. With that in mind, the figure could maybe be more like <br /> $10,000 to $12,000. <br /> Commissioner Ramsey noted it looks like there are 18 votes and we maybe control nine of them. <br /> The four parcels in blue are wild cards. It is not known if a homeowners associations will "pop <br /> up" or not. The title work will take time. We may want to get that started; we want to be in the <br /> position to move forward. <br /> Commissioner McGlone felt it was a stall tactic. We wanted to do everything in our power to <br /> make this clear and marketable. <br /> Commissioner Ramsey stated that the benefit to getting this title work going is a value puts us in <br /> a position to make a declaration later. <br /> Attorney Bray stated he is not sure it is a stall tactic and added it's very hard for him to get a read <br /> on it. He noted he was not trying to pick and raise issues at that meeting. <br /> Chairperson Elvig suggested that if the HRA has half the membership votes, now is a wonderful <br /> time to have this drawn up. We were trying to reach out and not look contentious. It's time to <br /> move forward. He inquired what the goal is for this evening. <br /> Executive Director Nelson stated we just wanted to share this with the HRA and get feedback. <br /> The complaint is prepared, the title work is being done and we can move forward with the <br /> litigation. <br /> Chairperson Elvig inquired who would be funding the title work. <br /> Ms. Nelson responded that we would have the option to try to do that cooperatively. We feel we <br /> are better positioned to try to correct this on our own. <br /> Mr. Bray added that we would spend more time talking about sharing costs and that might be <br /> more contentious than talking about terminating the Master Declaration. <br /> Chairperson Elvig stated he is in favor of going ahead and funding it and getting this moving. <br /> Commissioner Ramsey inquired how long it would take to get the title work done to which Mr. <br /> Bray replied about three weeks. Chairperson Elvig inquired how long might it take for the <br /> judgment to which Mr. Bray responded he did not know for sure but it's at least three to four <br /> months before you get a hearing. <br /> Ms. Nelson reported that we had visited this issue some time ago. There are costs to do the title <br /> work but there is still cost to the litigation piece. <br /> Mr. Bray suggested about a $25,000 to $30,000 cost. <br /> Housing and Redevelopment Authority / November 1, 2011 <br /> Page 3 of 9 <br />