1981 10 06
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Chanhassen Housing and Redevelopment Authority
Special Meeting
October 6, 1981
Minutes
Call to Order
The meeting was called to order at 7:40 p.m. Present were Vice-
Chairman Whitehill and Commissioners Horn, Bohn and Russell. Absent
was Gullickson. Executive Director Scott Martin, Attorney Russ Larson
and City Manager Don Ashworth were also present.
Instant Web Acquisition
Larson reviewed numerous legal documents prepared by the HRA and
Instant Web, Inc. which are necessary for final closing on the Instant
Web property.
The Frank Beddor family and Attorney Jules Smith, representing Instant
Web, Inc. were also present at the meeting.
The Commissioners reviewed the Attorney's letter of October 2, 1981
which outlined the various documentation completed in preparation
for the closing.
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Russell moved, seconded by Horn, to adopt Resolution #81-4 approving
all necessary documents associated with the closing for the HRA's
acquisition of the Instant Web Building, as required under the terms
of the Contract for Acquisition and Development, dated May 20, 1981,
as amended August 13, 1981, between the HRA and Instant Web, Inc;
and authorizing the Vice-Chairman and Executive Director to execute
said documents on behalf of the HRA. All voted in favor and the motion
carried.
Downtown Project Update
Martin advised the Commissioners that Super Valu has decided not to
locate in the Downtown Project. Kraus-Anderson is presently negot-
iating with another supermarket chain for lease of space in the project,
but a final decision by the supermarket is not anticipated until
December, 1981 or January, 1982.
The Commissioners agreed to pursue purchase option agreements with
John Havlik and the Riviera regardless of possible project delays
resulting from the loss of Super Valu from the project. The Attorney
was instructed to negotiate an option renewal clause with these two
owners to protect the interests of the HRA should the project be delayed
beyond Sept. 1, 1982. The Commissioners also instructed the Attorney
to proceed with acquisition of the John Huber property as expeditiously
as possible.
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HRA Special Meeting
October 6, 1981
Page 2
Business Park Development
Ashworth reported that resolutions implementing the so-called 7%
development incentive program for the Business Park were being prepared
for HRA consideration at the regular HRA meeting in November.
Adjournment
Horn moved, seconded by Bohn, to adjourn the meeting at 9:00 p.m.
All voted in favor and the motion carried.