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City Attorney Goodrich stated the HRA met in Closed Session and held discussion on the purchase offer and the consensus was to reject the offer and not make a counter offer. Commissioner Elvig stated this is a nice project but the dollars offered was not appropriate for this parcel. He supported staff working with the Charter School Fund to find a more appropriate property. Mr. Palmiter stated he is a listing broker, acting for the first time as a buyer's representative, and saw this as a worthy project. He stated he understands the City's vision for The COR and will work to find something that will work as he thinks the City deserves a school such as this. 5.02: Consider. Offer to Purchase Property at Sunwood Drive and Sapphire Street (Portions were to the public) Deputy Executive Director Gladhill stated the HRA had received an offer from MWF Properties for property located in Outlot B, Ramsey Towne Center 11t Addition. City Attorney Goodrich advised that under Minnesota Statutes, Section 13D.05, Subd.3(c), the meeting can move into closed session to discuss confidential or non - public appraisal data and acquisition negotiations. He indicated closed session discussion will relate to property sale of Outlot B, Ramsey Towne Center 11th Addition of about 4 acres in size at Sunwood Drive and Sapphire Street. The closed session will be tape recorded and that tape will be maintained for a period of eight years. Motion by Commissioner Tossey, seconded by Commissioner Riley, to move to Closed Session to discuss acquisition negotiations. Motion carried. Voting Yes: Chairperson Backous, Commissioners Tossey, Riley, Elvig, Kuzma, LeTourneau, and Strommen Voting No: None. The HRA meeting moved into a Closed Session at 8:48 p.m. The HRA reconvened in Open Session at 8:58 p.m. City Attorney Goodrich stated the HRA met in Closed Session to consider an offer and the consensus of the HRA was to not accept the offer or counter offer for Outlot B, Ramsey Town Center 11 Addition, comprised of approximately 4.03 acres and located at the northwest intersection of Sunwood Drive and Sapphire Street and suggest they continue to work with staff to identify other sites. 6. DEVELOPMENT TEAM REPORT HRA Executive Director Ulrich stated March 31, 2013, is the end of the Landform contract to move The COR forward and staff had been asked to provide an update. Housing and Redevelopment Authority / March 26, 2013 Page 3 of 5