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Option 2 - No Extension of Right of Re -Entry Agreement <br />1. Motion to re-enter and take possession of the Property pursuant to Paragraph 4 of the <br />Right of Re -Entry Agreement dated March 10, 2025 if a C/O is not obtained by March <br />10, 2026. <br />2. Motion to recommend to the City Council to impose a $50,000 fine pursuant to <br />Paragraph 3 of the Right of Re -Entry Agreement dated March 10, 2025 if a C/O is not <br />obtained by March 10, 2026. <br />3. Something Else <br />Funding Source: <br />This case is being handled as part of normal Staff duties. <br />Recommendation: <br />Staff recommends approval of the attached Resolution #26-052 (as presented) extending the required C/O date in <br />Right of Re -Entry Agreement with Blanery LLC from March 10, 2026 to December 31, 2026. <br />Action: <br />Motion to Adopt Resolution #26-052 Approving Amended and Restated Right of Re -Entry <br />Agreement:Blanery LLC (as presented); subject to City Attorney review. <br />Attachments <br />Site Location Map - Blanery LLC <br />ACTION - Resolution #26-052 <br />ACTION - Amended and Restated Right of Re -Entry Agreement <br />Reference - Recorded RORE - Blanery <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan (Originator) Sean Sullivan 02/17/2026 11:39 AM <br />Brian Hagen Brian Hagen 02/19/2026 12:14 PM <br />Form Started By: Sean Sullivan Started On: 02/13/2026 11:06 AM <br />Final Approval Date: 02/19/2026 <br />