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Agenda - Economic Development Authority - 01/09/2025
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Agenda - Economic Development Authority - 01/09/2025
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
01/09/2025
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2. Motion to recommend to the City Council to approve the Amended and Restated Right of Re -Entry <br />Agreement (with changes); subject to City Attorney review. <br />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 August 22, 2023 if a CIO is not obtained by January <br />22, 2025. <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 August 22, 2023 if a C/O is not obtained by January 22, 2025. <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 (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 <br />Agreement (as presented); subject to City Attorney review. <br />Attachments <br />Site Location Map <br />ACTION - Amended Right of Re -Entry Agreement <br />Letter - Request for Extension of CO <br />Reference - Recorded Right of Re -Entry Agreement <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan (Originator) Sean Sullivan 12/23/2024 02:32 PM <br />Brian Hagen Brian Hagen 01/02/2025 11:40 AM <br />Form Started By: Sean Sullivan Started On: 12/23/2024 09:11 AM <br />Final Approval Date: 01/02/2025 <br />
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