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HRA Regular Session <br />Meeting Date: 09/25/2012 <br />By: Darren Lazan, Housing & <br />Redevelopment Authority <br />Title: <br />Consider Offer to Purchase Land - Sunwood Drive and Ramsey Boulevard (Portions may be closed to the public) <br />Background: <br />At an earlier meeting, the HRA considered an offer from KONA Properties to purchase two sites within The COR. <br />Based on consensus direction, a purchase agreement was prepared for the first site at Sunwood and Armstrong, and <br />subsequently approved. <br />The development team has prepared the Purchase Agreement for the second parcel at Ramsey Boulevard and <br />Sunwood Drive, and would like the HRA's approval to execute the agreement. <br />The development team will provide the final agreement via email prior to the meeting, present the terms in detail, <br />and answer any questions the HRA may have. <br />Notification: <br />Observations: <br />Recommendation: <br />The development team recommends the HRA approve the proposed purchase agreement for Lot 1, Block 1, COR <br />FOUR. <br />Funding Source: <br />N/A <br />Council Action: <br />Approve the proposed purchase agreement for Lot 1, Block 1, COR FOUR, located at the southwest quadrant of <br />Sunwood Drive and Ramsey Boulevard. <br />Inbox <br />Kurt Ulrich <br />Form Started By: Darren Lazan <br />Reviewed By <br />Jo Thieling <br />Information <br />Form Review <br />Final Approval Date: 09/20/2012 <br />Date <br />09/20/2012 12:42 PM <br />Started On: 09/20/2012 11:57 AM <br />5. 1. <br />