4.1. SR 06-30-1997 - Laserfiche WebLink

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Excerpt from the June 9, 1997, EDA Minutes .... West Business Park Joint Development Agreement Discuss West Business Park - Joint Development Aqreement Paul indicated the mortgagee, Country Ridge Partnership, again has ownership of the business park property after the Sheriff's sale on May 22nd. After the six month redemption period, Country Ridge Partnership will be able to market the property. Negotiations with Mr. Emmerich will begin shortly on a marketing agreement to be in place at the end of the six month period. Paul indicated there is a desire to have another individual working with staff to negotiate such agreements with Mr. Emmerich, Mr. gagne and Mr. Wilson. Paul explained a Councilmember has suggested the EDA approach the City Council with a request for funds. Paul reviewed the memorandum from David Sellergren regarding an exclusive negotiations agreement for the West Highway 10 Business Park. Chair Dwyer felt the EDA should not be identified as an exclusive representative for marketing and sale of the properties, as is stated in Mr. Sellergren's draft materials. After discussion, members of the Commission were in agreement that David Sellergren has the background and experience to assist the EDA in negotiations for the business park. COMMISSIONER GONGOLL MOVED TO ENLIST THE SERVICES OF MR. DAVID SELLERGREN IN THE WEST HIGHWAY 10 BUSINESS PARK NEGOTIATIONS AT A COST NOT TO EXCEED $3,780.00, AND A REQUEST BE MADE TO THE CITY COUNCIL FOR FUNDING OF THESE SERVICES THROUGH THE CITY COUNCIL CONTINGENCY; AND FURTHER, THAT NEGOTIAIONS WITH COUNTRY RIDGE PARTNERSHIP BE GIVEN FIRST PRIORITY AND SECONDLY, THE GAGNE AND WILSON PROPERTY. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 4-0. Commissioner Holmgren expressed concern that the frontage road project connecting Sherbume County Administration building be pushed forward as quickly as possible, due to safety issues at the county courthouse access on Highway 10.