Laserfiche WebLink
approvals to move forward. <br /> Alternatives include: <br /> 1) City Council to return $10,000 in Earnest Money to COR Trust Bank, N.A. (Staff Recommendation) <br /> 2) City Council to return $10,000 in Earnest Money and Reimburse $67,644.31 in additional expenses <br /> to COR Trust Bank, N.A. <br /> 3) No action <br /> 4) Something Else <br /> Funding Source: <br /> If the $10,000 Earnest Money is returned the source of funds would be the funds held in Escrow <br /> If the$67,644.31 in additional expenses were to be reimbursed, a funding source would need to be <br /> identified by the City Council. <br /> Recommendation: <br /> The EDA met on on February 8, 2024 and unanimously recommended that the City Council refund <br /> $10,000 in Earnest Money to COR Trust Bank, N.A. <br /> Outcome/Action: <br /> Motion to Adopt Resolution #23-058 Approving Refund of Earnest Money to COR Trust Bank N.A. <br /> (Staff/EDA Recommendation) <br /> Attachments <br /> ACTION-Resolution#24-05 8 <br /> Reference -Letter Requesting Refund and Reimbursement by COR Trust Bank <br /> Reference - Original PA(Executed) <br /> Reference - 1 st Amendment to PA <br /> Reference -2nd Amendment to PA <br /> Notice to Proceed by COR Trust Bank <br /> Form Review <br /> Inbox Reviewed By Date <br /> Brian Hagen Brian Hagen 02/08/2024 01:38 PM <br /> Form Started By:Sean Sullivan Started On:02/02/2024 02:23 PM <br /> Final Approval Date:02/08/2024 <br />