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Community Redevelopment Agency <br />September 12, 2013 <br />Page 3 of 4 <br />potential for small offices. In response to the Board's question regarding redevelopment of the site based on today's current <br />standards, Ms. Smith said that the site meets the minimum requirement for size. The CRA Board expressed an interest in <br />purchasing the Lu Rae Motel site before purchasing the Lake Ellen Church site. <br />Mr. Randy Newlon, City Manager, said the CRA's mission is to clear blight and foster redevelopment. He said that <br />the CRA cannot buy the Lu Rae Motel for their asking price, Mr. Newlon said that purchasing the Lake Ellen Church site may <br />be the leverage needed to redevelop the entire corner in the future. <br />Mr. Triece said based on his discussion with the Lu Rae Motel property owner, he didn't think he would be likely to <br />reduce his purchase price. <br />Mr. Dudgeon stated that Morse Realty recently started acquiring property along US Highway 17/92. He felt that <br />Morse Realty may see the potential for redevelopment after the completion of the State Road 436 /US Highway 17/92 flyover <br />project. <br />Mr. McGregor made a motion that an offer be made to purchase the Lu Rae Motel parcel for $600,000 plus closing <br />cost and to close within 30 days. Mr. Trueba seconded the motion. The motion passed unanimously by voice vote. <br />A brief discussion ensued regarding making an offer to purchase the Lake Ellen Church parcel if the Lu Rae Motel <br />transaction falls through. The Board decided to wait for the outcome on their Lu Rae Motel offer. <br />Fourth Item of Business: CRA Plan Update: PMG Associates, Inc. <br />Mr. Dudgeon introduced Mr. Phil Gonot, PMG Associates, Inc., to the Board. Mr. Phil Gonot presented a PowerPoint <br />Presentation to the Board regarding the CRA Plan Update (a copy is attached and made a part of the minutes). A brief <br />discussion ensued regarding property acquisition for the CRA, <br />Fifth Item of Business: Director's Report <br />Ms. Sandra Smith, Interim Community Development Director, stated that the City Center development is ongoing at <br />this time. <br />Sixth Item of Business: Other Business <br />There was no other business before the Board. <br />Seventh Item of Business: Public Comments <br />