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Purchase of 716 & 720 Main Street Properties <br />October 2, 2006 HRA Meeting <br />Page 2 of 2 <br />Requested Actions <br />• Provide feedback and direction to staff regarding the draft purchase agreement <br />terms. <br />• Authorize staff to proceed with all necessary steps to enact the purchase agreement <br />as presented. <br />Next Steps <br />Upon the HRA's direction, staff will refine the purchase agreement with the seller and <br />prepare a redevelopment plan, both items for the HRA's review and action at its November <br />6`" meeting. Upon the HRA's approval of the redevelopment plan, it will be forwarded to <br />the Planning Commission fox review and to the City Council for public hearing and final <br />approval in December along with approval of the acquisition. <br />