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Member Riley commented that it is clear as to why nothing has happened in the last year but is <br />optimistic for the future. He stated that the fact the developer is willing to put in another $10,000 <br />is great and he supports this action. <br />Member MacLennan commented that he also supports this as the developer is interested, is willing <br />to put up more money and is putting in the effort. <br />Acting Chairperson Cords commented that this has been ongoing for two years by the end of the <br />proposed term and it sounds like the $50,000 that will have been put into this by the developer <br />would be equal to payment of the property taxes. He stated that he also likes that there is someone <br />that is willing to continue to put money and effort into this. <br />Motion by Acting Chairperson Cords, seconded by Member MacLennan, to recommend approval <br />of Fourth Amendment to Purchase Agreement for Lots 1, 2, and 3, Block 1, COR TWO, subject <br />to City Attorney review. <br />A roll call vote was performed: <br />Member Howell aye <br />Member Riley aye <br />Acting Chairperson Cords aye <br />Member MacLennan aye <br />Member Johnson aye <br />Member Olson aye <br />Motion carried. <br />Chairperson Steffen rejoined the group. <br />6. ADJOURNMENT <br />Motion by Chairperson Steffen, seconded by Member Cords, to adjourn the meeting. <br />A roll call vote was performed: <br />Member Howell aye <br />Member Riley aye <br />Chairperson Steffen aye <br />Member Cords aye <br />Member Johnson aye <br />Member MacLennan aye <br />Member Olson aye <br />Motion carried. <br />Economic Development Authority/ June 10, 2021 <br />Page 2 of 3 <br />