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HRA Special Session <br />Meeting Date: 09/04/2012 <br />By: Darren Lazan, Housing & <br />Redevelopment Authority <br />Information <br />Title: <br />Approve Purchase Agreement for Lot 5, Block 1, COR TWO (Portions may be closed to the public) <br />Background: <br />The development team has negotiated and prepared a purchase agreement for Lot 5, Block 1, COR TWO. <br />This is the first of two sites within The COR that this buyer will place under contract. The Buyer has expressed an <br />interest in getting under construction this fall, so we are presenting the first site for approval to facilitate an October <br />closing and November Construction. <br />Notification: <br />Observations: <br />Details of the proposed agreement will be sent to HRA members directly prior to the meeting. <br />Recommendation: <br />The development team recommends the HRA approve the proposed purchase agreement and direct the <br />development team to execute the agreement, and prepare all documents necessary to close on the sale. <br />Funding Source: <br />N/A <br />COR TWO Plat <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 08/30/2012 03:12 PM <br />Form Started By: Darren Lazan Started On: 08/30/2012 12:46 PM <br />Final Approval Date: 08/30/2012 <br />5. 1. <br />Council Action: <br />Approve the proposed purchase agreement and direct the development team to execute the agreement, and prepare <br />all documents necessary to close on the sale. <br />