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The Special HRA meeting moved into a closed session at 7:24 p.m. <br /> Update on Offer to Purchase Land—West 30 Retail <br /> The discussion related to property acquisitions at the southwest quadrant of Armstrong and Bunker <br /> Lake Boulevards. <br /> The consensus of the HRA was to direct staff to continue negotiations, prepare a LOI <br /> memorandum, and develop a sale price for the HRA's consideration. <br /> ADJOURNMENT <br /> Motion by commissioner Elvig, seconded by Commissioner Backous, to adjourn the Closed <br /> Session meeting of the Housing and redevelopment Authority. <br /> Motion carried. <br /> The Closed Session of the Housing and Redevelopment Authority adjourned at 7;42 p.m. <br /> Respectfully submitted, <br /> /Heidi Nelson <br /> Heidi A. Nelson <br /> HRA Executive Director <br /> ATTEST: <br /> Jo Ann M. Thieling f <br /> City Clerk <br /> Drafted by Carla Wirth <br /> TimeSaver Off Site Secretarial, Inc. <br /> HRA—March 20, 2012 —Closed Portion <br /> 2 pages <br />