On the agenda

1. 1Call to Order - Roll Call▶ 0:00
2. 2

   Approval of November 4, 2020 CRA Meeting Minutes

   approved

   The CRA Board approved the minutes from the November 4, 2020 CRA meeting.

   • motion:Approve the November 4, 2020 CRA meeting minutes. (passed)

   #November 4, 2020 CRA Meeting Minutes

   ▶ Jump to 0:17 in the video

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   [00:00:18] First item on the agenda is the approval of the November 4th CRA meeting minutes. [00:00:22] Move for approval. [00:00:22] Second. [00:00:24] Discussion? [00:00:25] Hearing none, all those in favor, please signify by saying aye. [00:00:28] Aye. [00:00:29] Opposed, like sign. [00:00:30] Motion passes.

   This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.

3. 3

   ↳You arrived here from a search for “Director Murphy” — transcript expanded below

   Amendment to the Purchase and Sale Agreement for the Hacienda Hotel

   approved

   The CRA Board approved an amendment to the purchase and sale agreement for the Hacienda Hotel, deferring developer Gunderson's second annual mortgage payment of $85,000 from September 21, 2021 to December 31, 2021, due to a delayed opening now planned for Q2 2021.

   • motion:Authorize the Executive Director to enter into an amendment to the purchase and sale agreement for the Hacienda Hotel, deferring the $85,000 annual payment from September 21, 2021 to December 31, 2021. (passed)

   🏢Hacienda Hotel👤Director Murphy👤Director Peters👤Gunderson👤Ms. Manz#$85,000 annual mortgage payment#Hacienda Hotel purchase and sale agreement

   ▶ Jump to 0:31 in the video

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   [00:00:31] Next is an amendment to the purchase and sale agreement for the Hacienda. [00:00:34] Ms. Manz? [00:00:35] Request specifically is to authorize the Executive Director to enter into an [00:00:42] amendment on the purchase and sale agreement and more specifically relating [00:00:48] to the mortgage payment schedule in relationship to the Hacienda Hotel. [00:00:54] Mr. Gunderson, as you know, is now planning to complete his work and open [00:01:00] the Hacienda Hotel in the second quarter of next year and that is a postponement [00:01:08] from his original plan, which was to open in the first quarter of 2021. [00:01:13] As a result of that, he has asked to delay his first annual payment, which is [00:01:20] currently scheduled for payment to the city on September 21st of 2021. [00:01:28] He has asked that the deferment be extended until December 31st of 2021. [00:01:35] That payment is the second payment that he will make to the city and this payment [00:01:41] is in the amount of $85,000. [00:01:45] And a copy of the proposed amendment is at your place this evening. [00:01:49] Thank you. [00:01:50] I'll open it up for public comment. [00:01:51] I'm seeing no one come forward, I'll bring it back to the board. [00:01:55] Move for approval. [00:01:56] Back. [00:01:57] Nothing, because, I mean, it's an extension of him trying to get the building done, I [00:02:02] have no problem with that. [00:02:03] Second. [00:02:04] Apparently I've said enough tonight, thank you. [00:02:08] Director Murphy? [00:02:09] No, I think you need to help out with this project. [00:02:12] It's a unique one and I've said it before, I think it's the, you know, kind of the focal [00:02:17] point of the city once it gets done, so looking forward to it. [00:02:20] Thank you. [00:02:21] Director Peters? [00:02:22] No objection. [00:02:23] I think the poor guy's been COVID-ed, along with everybody else, give him a few extra [00:02:30] months to get that first payment up after he actually gets the place open, just makes [00:02:35] sense. [00:02:36] There's no further discussion. [00:02:38] All those in favor, please signify by saying aye. [00:02:40] Aye. [00:02:41] Opposed? [00:02:42] Like sign. [00:02:43] Motion passes. [00:02:44] I would now entertain a motion to adjourn. [00:02:45] I just want to say one thing, I should have said during communication, I really like what [00:02:50] you did, Chief, it's telling us the future.

   This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.

4. 4Adjournment▶ 2:55