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1. Critical both parties are responsible (loan, job criteria) <br />2. Lease continuity <br />3. Must be signed by seller <br />4. City in second position with option to take over Contract for deed <br />5. 20-year amortization <br />6. 6-month notice on default <br /> <br />Motion carried 6-0. <br /> <br />5. Announcements - None <br /> <br />6. Adjournment <br /> <br />There being no further business Member Tveite moved to adjourn the meeting. <br /> <br /> The meeting adjourned at 8:46 a.m. <br /> <br />Minutes prepared by Jeremy Barnhart. <br /> <br /> <br />_____________________ <br />Tina Allard, City Clerk <br /> <br /> <br />___________________ <br />Jeremy Barnhart, Interim Economic Development Director <br /> <br />