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HRA Regular Session <br />Meeting Date: 10/23/2012 <br />By: Darren Lazan, Housing & <br />Redevelopment Authority <br />Information <br />Title: <br />Approve Purchase Agreement - Lot 4, Block 1, COR TWO (Portions may be closed to the public) <br />5. 1. <br />Background: <br />The development team has been working with McDonalds Restaurants over the last year to construct a new <br />corporate facility in the Sunwood Retail area of The COR. <br />The agreement contains a number of concepts that have been coordinated for the COR TWO plan, and with the <br />approval of the documents related to COR TWO at last weeks meeting, this item is prepared to come forward for <br />final approval by the HRA. <br />Notification: <br />Observations: <br />HRA members will be sent the contract and deal summary under separate email prior to the meeting. <br />Recommendation: <br />The development team recommends the HRA approve the proposed purchase agreement subject to final <br />modifications by HRA Counsel, and adapt a resolution authorizing the HRA Chair and Executive Director to <br />execute the agreement, and all other documents necessary to close. <br />Funding Source: <br />N/A <br />Council Action: <br />Approve the proposed purchase agreement subject to final modifications by HRA Counsel, and adapt a resolution <br />authorizing the HRA Chair and Executive Director to execute the agreement, and all other documents necessary to <br />close. <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 10/18/2012 03:25 PNI <br />Form Started By: Darren Lazan Started On: 10/18/2012 12:47 PNI <br />Final Approval Date: 10/18/2012 <br />