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1989 01 21HOUSING AND REDEVELOPMENT AUTHORITY MINUTES SPECIAL MEETING - JANUARY 21, 1989 The meeting was called to order at 9:15 a.m. by Chairman Whitehill. The following members were present: Chairman Whitehill, Commissioners Swenson, Horn, Robbins and Bohn. Don Ashworth, Executive Director was also present. Note: This meeting represented a special meeting to continue discussions regarding proposed development on West 79th Street. On Thursday, January 19, 1989, the Housing and Redevelopment Authority considered proposals from the following individuals representing the firms shown: - Tom Mork, Crossroads National Bank - Julie Skarda, Lariet, Inc. - Anthony Feffer, Investment Services Group - Dave Weir, Woodbridge Properties (Proposal Withdrawn in favor of the substituted position by Crossroads National Bank). Chairman Whitehill asked each of the individuals shown above if they wished to make closing comments. Each of the firms made final presentations. The Executive Director, Don Ashworth, restated the positions pre- sented on Thursday evening. Specifically, it would be possible to consider each of the two development proposals as separate projects as discussed Thursday evening, i.e. the Bank be awarded the westerly portion of the property with Mr. Flaherty being awarded the easterly portion. Although separate development pro- posals could be considered, if there was any chance of the two developers having a joint project, it was the Director's position that Mr. Flaherty should be selected as the overall developer with the condition that the final development proposal from Mr. Flaherty address and meet the needs of Crossroads Bank as a part of his development. Significant discussion occurred on this item. Following discussion, Chairman Whitehill stated that he wished to make three motions, at one time, which he believed may represent the position of the Housing and Redevelopment Authority. Those motions were as follows: Motion No. 1: That the Housing and Redevelopment Authority thanks each of the firms for making their presentation to the Housing and Redevelopment Authority. It is the position of the HRA that all three candidates did an excellent job with their proposals, that all three similarly made an excellent presen- tation, and that, again, all three should be congratulated for the @rofessional manner in which they have approach the process and made their presentation; and Motion No. 2: That the next two week period be devoted to pre- paring a development contract with Lariat Company for the right HOUSING AND REDEVELOPMENT AUTHORITY MINUTES JANUARY 21, 1989 PAGE 2 to develop their project on West 79th Street. That the final development contract should include a strong preference if not absolute assurances that Crossroads National Bank will be a part of the Flaherty project and will be allowed to develop on that site through either an ownership or lease position; and Motion No. 3: That Housing and Redevelopment Authority staff work with Mr. Flaherty and the Bank to achieve the goals setforth in motion No. 2. That staff is left with the discretion of working separately with each of the two firms or through a com- bined effort. In any case, the work efforts should attempt to achieve the goals set in motion No. 2. Motions seconded by Commissioner Horn. Ayes - Ail. Adjournment: 11:00 a.m. Minutes prepared by: Don Ashworth, Executive Director