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HRA Regular Session <br />Meeting Date: 09/11/2012 <br />By: Darren Lazan, Housing & <br />Redevelopment Authority <br />Information <br />Title: <br />Approve Amendment Number 1 to Purchase Agreement - KONA Properties, LLC <br />5. 2. <br />Background: <br />On September 4th, 2012, the HRA approved and executed the purchase agreement for Lot 5, Block 1, COR TWO <br />with KONA Properties, LLC. <br />The development team continues to work on a potential Special Service District (SSD) for this area. Preliminary <br />language has been discussed with the buyer, and they are agreeable to the concept. Mr. Bray has drafted updated <br />language related to this item and we would like to include this in the purchase agreement through an Amendment <br />attached for your review. <br />Notification: <br />Observations: <br />Recommendation: <br />The development team recommends the HRA approve Amendment Number 1 to the Purchase agreement for Lot 5, <br />Block 1, COR TWO. <br />Funding Source: <br />N/A <br />Council Action: <br />Approve Amendment Number 1 to the Purchase agreement for Lot 5, Block 1, COR TWO. <br />Amendment # 1 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 09/06/2012 04:46 PM <br />Form Started By: Darren Lazan Started On: 09/06/2012 02:28 PM <br />Final Approval Date: 09/06/2012 <br />