CRA 10/08/2010 Minutes - Laserfiche WebLink

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make others pay for his purchase decision, and that the CRA/City still hoped to assemble the three parcels and create appropriate development. May 2009 Mr. Rubin submitted a revised offer of $300,000 for the City's two parcels to the CRA. The offer had attachments showing three different uses: restaurant, bank, and office building. The CRA rejected the offer due to price, no developer or development agreement, and the condition of wanting to increase the existing pond which has already been maxed out. CRA and City staff again stated a willingness to market the three parcels together. June-August 2009 Areal estate broker (who knows Mr. Rubin and had previous dealings with him) was representing an interested bank came forward and offered the following terms: Drainage conditions being remedied by the CRA CRA responsible for replatting the land into one parcel CRA to provide the following: stub sanitary & storm sewers, public water facilities, telephone connections, gas & electric power connections to the property line of the property, and allow buyer to connect at no charge except for standard tap or impact fees; CRA & Rubin to pay real estate brokerage fees even though both parties are selling "by owner". The City suggested revisions to the concept. On August 14t" Mr. Rubin contacted the City, stated that he had spoken with the broker and that the bank was "out". In September 2009, Mr. Rubin called to inquire if there were any offers on the parcels and was advised that there were no pending offers. On January 27, 2010, Mr. Rubin called to inquire about the parcels. Staff advised that there was no movement, but that the Walmart project might spark some interest. It was also restated that disclosure about his parcel is given to an individual inquiring about our parcels and that we have the common hopes of assembling the three parcels for redevelopment.