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Agenda - Economic Development Authority - 06/08/2023
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Agenda - Economic Development Authority - 06/08/2023
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3/14/2025 12:38:25 PM
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6/2/2023 11:48:20 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
06/08/2023
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3. Something else. <br />Or; <br />Option 2 - No Extension of Right of Re -Entry Agreement <br />1. Motion to recommend to the City Council to re-enter and take possession of the Property pursuant to <br />Paragraph 4 of the Right of Re -Entry Agreement dated December 29, 2021 if a CIO is not obtained by <br />December 31, 2023. <br />2. Motion to recommend to the City Council to impose a $50,000 fine pursuant to Paragraph 3 of the Right of <br />Re -Entry Agreement dated December 29, 2021if a C/O is not obtained by December 31, 2023. <br />3. Something Else <br />Funding Source: <br />This case is being handled as part of normal Staff duties. <br />Recommendation: <br />Staff recommendation is for a motion by the EDA to recommend to the City Council to approve the Amended <br />and Restated Right of Re -Entry Agreement with contingencies (Site Plan Approval, Development Agreement <br />Approval, Final Plat Approval) (as presented); subject to City Attorney review. <br />Action: <br />Motion to recommend to the City Council to approve the Amended and Restated Right of Re -Entry Agreement <br />with contingencies (Site Plan Approval, Development Agreement Approval, Final Plat Approval) (as presented); <br />subject to City Attorney review. <br />Attachments <br />Site Location Map <br />ACTION - Amended Right of Re -Entry Agreement <br />RORE Extension Request <br />REFERENCE - Executed RORE <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan (Originator) Sean Sullivan 06/01/2023 10:07 AM <br />Brian Hagen Brian Hagen 06/01/2023 04:08 PM <br />Form Started By: Sean Sullivan Started On: 05/30/2023 08:38 AM <br />Final Approval Date: 06/01/2023 <br />
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