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Community Redevelopment Agency <br />June 11, 2010 <br />Page 3 <br />Center property. Mr. Martin requested the CRA Board authorize staff to execute a general contract with PMG Financial <br />Consultants to assist with review and negotiations of the proposed contracts. Mr. Martin also requested that the Board allow <br />staff to work directly with Mr. Daigle to generate a work order and then report back to the Board. A brief discussion ensued <br />regarding hiring PMG and the option money being used to offset the cost of the due diligence. <br />Mr. McGregor made a motion to approve the execution of the contract, the option money should offset the expenses <br />of the due diligence and provide staff the authority to work directly with Mr. Daigle. Mr. Ritchie seconded the motion. <br />A lengthy discussion ensued regarding offsetting the option money with the due diligence expenses. Mr. McGregor <br />withdrew his motion. Mr. Ritchie made a motion to approve the PMG contract to move forward with the expertise needed to <br />research the proposed contracts and authorizing Mr. Daigle to work directly with staff as requested by Mr. Martin. Mr. <br />McGregor seconded the motion. The motion passed unanimously by voice vote. <br />Mr. Ritchie made a motion to request if the City receives any type of option money/forfeiture money on either <br />proposal, the money would be used as a reimbursement towards the PMG contract expense. Mr. McGregor seconded the <br />motion. The motion passed unanimously by voice vote. <br />Eighth Item of Business: Facade Improvement Financial Incentive Policy Review <br />This item was postponed to another meeting due to the Board members' schedules. <br />Ninth Item of Business: ®ther Business <br />Mr. Daigle made a motion to approve the Moore Stephens Lovelace invoice number 84106 dated March 31, 2010 in <br />the amount of $5,000 for the CRA audit expenses. Mr. McGregor seconded the motion. The motion passed unanimously by <br />voice vote. <br />Tenth Item of Business: ®irector's Report <br />This item was postponed to another meeting due to the Board members' schedules. <br />Eleventh Item of Business: Public Comments <br />Public Comment was allowed during the meeting. No further public comment was taken at this time. <br />There being no further business to come before the Board, the meeting was adjourned. <br />ra <br />_ ~ , <br />Joni Dixon, Secretary <br />