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HRA Special Session <br />Meeting Date: 07/31/2012 <br />By: Darren Lazan, Housing & <br />Redevelopment Authority <br />Information <br />5. 1. <br />Title: <br />Consider Offer to Purchase Property - Sunwood Drive/Armstrong/Ramsey (Portions may be closed to the public) <br />Background: <br />The development team has received an offer to purchase two parcels within The COR. A developer who represents <br />a national convenience store corporation is interested in developing both the site on Sunwood Drive and Ramsey <br />Boulevard, as well as the site on Sunwood Drive and Armstrong Boulevard. <br />Notification: <br />Observations: <br />The Development team will provide the proposed offer, and summary to the HRA via separate email. <br />Recommendation: <br />The development team recommends the HRA consider the proposed offer, and based on discussion provide <br />direction to either respond or proceed to purchase agreement. <br />Funding Source: <br />N/A <br />Council Action: <br />Approve the proposed offer, and direct the development team to prepare purchase agreement documents and <br />present for final approval. <br />Attachments <br />Site Location Map <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Darren Lazan 07/26/2012 02:47 PM <br />Darren Lazan (Originator) Darren Lazan 07/26/2012 03:19 PM <br />Kurt Ulrich Kurt Ulrich 07/26/2012 03:33 PM <br />Form Started By: Darren Lazan Started On: 07/26/2012 12:48 PM <br />Final Approval Date: 07/26/2012 <br />