11/01/11 Work Session - Laserfiche WebLink

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Commissioner Strommen stated that this makes all the sense in the world — getting the Armstrong project off the ground is huge. She agrees we should get ahead of the game and there is no point in asking if they are willing sellers if we do not know what to offer. Commissioner Ramsey expressed agreement. He mentioned funding in TIF 14. Development Manager Lazan stated that you will create developable remnants when the roadway is done and suggested there may be revenue from that. Director of Public Works Olson stated that the $1.7 million the County would provide for the rail improvements could go toward this as well. HRA Executive Director Nelson stated that once we get down the road with appraisals, we will come back with the funding proposal, which could be a combination of TIF 14 and the sale of the parcel. At that point we should know what the cost estimate for the project is. Consensus was that staff proceed with the appraisals, put together a strategy, and bring back to the HRA for consideration. 5.2 Consider Offer to Purchase Property — Sunwood/Ramsey and Sunwood /Armstrong (Portions may be closed to the public) Development Manager Lazan stated that the development team has received an offer to purchase property at both the southwest corner of Sunwood/Ramsey and the southeast corner of Sunwood/Armstrong. He noted the meeting was advertised as portions closed and he requested the meeting be closed at this time. It was noted that this closed portion of the meeting will be tape- recorded and the recording will be kept for eight years, according to State Statute Motion by Commissioner Ramsey and seconded by Commissioner McGlone to close this portion of the HRA work session. Motion carried. All voted in favor. The HRA work session moved into closed session. The meeting was reopened to the public at 8:37 p.m. Development Manager Lazan reported that the closed session discussion was about pursuing the sale of two parcels and how they might be developed. The direction was to continue negotiations. Executive Director's Report HRA Executive Director Nelson reported on the events scheduled for the month of November: • Veterans Day Festivities which include a Ceremony at PACT Charter School in the a.m. and the grand opening ceremony /event for the Veteran's Clinic in the afternoon. • She noted a COR report was done for QCTV. Housing and Redevelopment Authority / November 1, 2011 Page 8 of 9