HomeMy WebLinkAboutEDA AGN 08-27-12 Exec SessionAGENDA
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
Monday August 27, 2012 Executive Session- Special Meeting
affly. %11tiGvx"i ""ity Goiulcil 3 t1g City Hall, Conference room 1
1.. Call to Order/Roll: Call
Gary 1— Peterson, President Bobby Williams
Donna Schmitt, Vice President Tammera Diehm
Bruce Nawrocki, Secretary /Trasurer Gerry Herringer
Marlaine Szurek
EXECUTIVE SESSION
3. Discussion and Direction on the purchase of the "Mady's property"
4. Adjourn
The next regular EDP meeting will be Tuesday September 4, 2012 at City Hall,
COLUMBIA I IEIGI-1TS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Special Meeting of: August 27, 2012
AGENDA SECTION: EXCC Utive Session
ORIGINATING
EXECUTIVE
NO:3
DEPARTMENT: EDA
DIRECTOR
APPROVAL
ITEM: Discussion on Mady's Purchase
BY: Scott Clark
BY:
DATE: August 23, 2012
BACKGROUND: Throughout early 2012 staff negotiated with Doug and Deni Foss for purchase
of the shopping center at 3927 Central Avenue. These negotiations resulted in an EDA action on May
7, 2012 approving a purchase agreement (the EDA action letter of May 7, 2012 is attached). After that
approval the Sellers walked from the deal and entered into an agreement with another party for a
grocery store, which in turn did not come to fruition. The Foss' have now asked the EDA if they
would enter into discussions regarding the original deal. Staff is seeking directions from the EDA as to
whether they would like to proceed in another attempt at securing this and if so, staff will develop a
more formal proposal and research any questions for the September 4, 2012 EDA meeting.
RECOMMENDATION: Staff seeks direction from the EDA regarding this item
Attac hments: May 1, 2012 LllA letter
EDA ACTION: