Title
Subject: A Motion To Reconsider 2521/2529 Seminary Avenue - Real Property Purchase
From: Community And Economic Development Agency
Recommendation: A Motion To Reconsider The Adoption On June 17, 2008 Of An Agency Resolution Authorizing The Purchase Of Real Property At 2521 And 2529 Seminary Avenue, From Danilo Mayorga Sr. For $1,450,000 Less Cost Of Environmental Site Remediation And Authorizing Up To $100,000 For Costs For Demolition And Real Estate Closing
If The Motion To Reconsider Passes With 5 Affirmative Votes, Then One Of The Following Actions Maybe Taken:
§ Reconfirm The Adoption Of Agency Resolution No. 2008-0045 C.M.S.,
§ Not Adopt The Agency Resolution Authorizing The Purchase Of Real Property,
§ Continue The Item For A Future Meeting Of The City Council, Or
§ Refer The Item To The Finance And Management Committee For Further Consideration