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2) Recommendation to City Council to approve Purchase Agreement and Right of Re-Entry Agreement <br /> with Garage RE LLC (Take 5) or Midland Atlantic Development Company (Valvoline) (with changes); <br /> subject to City Attorney review. <br /> 3) Reject offers from Garage RE LLC (Take 5) and Midland Atlantic Development Company (Valvoline) <br /> and Continue to Market the Property to Other Users. <br /> 4) Something else. <br /> Funding Source: <br /> This case is being handled as part of normal Staff duties. <br /> Recommendation: <br /> Recommendation to City Council to approve Purchase Agreement and Right of Re-Entry Agreement <br /> with Garage RE LLC (Take 5) (as presented); subject to City Attorney review. <br /> This recommendation is based on Take 5's cillingness to adhere to our Right of Re-Entry Agreement <br /> and timeline. <br /> Action: <br /> Motion to recommend to City Council to approve Purchase Agreement and Right of Re-Entry Agreement <br /> with Garage RE LLC (Tak or Midland Atlantic Development Company (Valvoline) (as presented); <br /> subject to City Attorney review. <br /> Attachments <br /> Site Location Map <br /> ACTION-Draft PA Take 5 <br /> ACTION-RORE Take 5 <br /> Term Sheet- Take 5 <br /> Reference - Concept Plan(Take 5) <br /> ACTION-Draft PA Valvoline <br /> ACTION-Draft RORE Valvoline <br /> Term Sheet-Valvoline <br /> Reference -Valvoline Concept Plan <br /> Form Review <br /> Inbox Reviewed By Date <br /> Sean Sullivan(Originator) Sean Sullivan 02/01/2024 05:05 PM <br /> Brian Hagen Kathy Schmitz 02/02/2024 11:53 AM <br /> Sean Sullivan(Originator) Kathy Schmitz 02/06/2024 08:37 AM <br /> Sean Sullivan(Originator) Sean Sullivan 02/06/2024 01:48 PM <br /> Form Started By:Sean Sullivan Started On:06/29/2022 04:16 PM <br /> Final Approval Date:02/06/2024 <br />