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HRA BUSINESS <br /> Case #1: Update on Flaherty and Collins Financing — The Residence at The COR <br /> Project (Portions may be closed to the public) <br /> Development Manager Lazan reviewed the staff report. He noted a tentative deal structure <br /> would be presented July 19 at the work session. The item will be before the HRA on July 26. <br /> COMMITTEE REPORTS <br /> None. <br /> EXECUTIVE DIRECTOR'S REPORT <br /> Community Development Director Lazan noted the pylon sign along Highway 10 is being <br /> erected. The completion date is no later than August 10. <br /> There has been a concern of landscaping around this site. He questioned whether there is a <br /> budget for landscaping. He noted there was an existing sign in this spot, which is now being <br /> taken advantage of for a new sign. Now that there is an empty lot, it appears the sign is too close <br /> to the road, though it is in the same place the previous sign was. <br /> Consensus was reached to move forward with the sign placement as planned. <br /> Commissioner Tossey asked for the status on the 12 Addition Soil Erosion. <br /> Public Works Director Olson stated it is planned to be finished this week, however the tree <br /> debris from the storm has taken precedence. He said he projects this to be done by the first part <br /> of next week. Mr. Olson gave an update on the Sunwood Drive realignment, stating the <br /> feasibility study has begun. He anticipated the bids would be sent out in January, and a start date <br /> in March. <br /> City Administrator Ulrich reviewed the events schedule, pointing out the business appreciation <br /> golf outing, and the upcoming Game Fair. The City has a booth at the Game Fair, and the same <br /> materials used at ICSC will be utilized. He noted the Concerts at the Draw event series is still <br /> going on. Mr. Ulrich stated staff is considering rescheduling a real estate broker event, which <br /> takes about six months for approval. The State shutdown has pushed this event back. He stated <br /> the Ramsey Raceway is scheduled to open Friday, July 15, for its first official event. This is <br /> small scale racing on a track at Armstrong Boulevard and Highway 10. <br /> COMMISSIONER INPUT <br /> None. <br /> Housing and Redevelopment Authority / July 12, 2011 <br /> Page 2 of 3 <br />