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Page 4 - August 22, 2006 New Brighton Council Minutes Director of Community Development, Grant Femelius explained the amendments Idress a number of issues and presented a brief summary. ouncil Member Doffing requested an explanation of "Foregoing their rights for velopment." Mr. Femelius stated that Sherman Associates has the rights to develop an Office Project on the former Keys Restaurant site. That right runs through December 31, 2006. Part of the amended agreement states that the developer has agreed to give up those development rights, that means that once this amendment is executed the City has the right to market that site to other developers. Motion by Council Member Bauman, seconded by Council Member Hoffman to approve the resolution authorizing the execution and delivery of the First Amendment to Amended and Restated Contracts for Private Redevelopment between the City and each of the Rottlund Company, Inc. and Sherman Associates, Inc. 5 Ayes - 0 Nays, Motion Carried 3. Consideration of Proposal to Demolish Structures at 715 Old Highway 8 NW and 389 Old Highway 8 NW. Report No. 06-193. _ssistant Director of Community Development, David Black explained that 4 roposals were received; the lowest bid was from Roger Peterson Construction of laine. Council Member Doffmg requested an explanation regarding the purchase of Harry's bar. Mr. Black explained that in a prior plan, that location may have been considered for redevelopment. In late 2002, the owner of Harry's bar approached the City, for the sale of his property. The City purchased the property for approximately $140,000 in March 2003. Conncil Member Doffing questioned weather there was a plan for the property. Mayor Larson explained that at the time council decided it was a fair purchase price, explaining it was an investment to have control of the property. Mayor Larson suggested a work session at a later date to review the Old Highway 8 conidor plan from that time. Council Member Doffing questioned how Harry's Bar fit into a plan in the south end of town. Mr. Femelius explained. there was an Old Highway 8 study done in both in 1986 and again in 1997, offering to provide the council with that material. Council Member Bauman questioned the Comprehensive plan from 1997, Mr. llack explained there was no link between the comprehensive plan and the urchase of Harry's bar. s. Troha explained that there are two separate plans, a comprehensive plan and an Old Highway 8 corridor plan. Motion by Council Member Hoffman, seconded by Council Member Burg to award the demolition contract for 715 and 389 Old Highway 8 NW to Roger Peterson 3. Consideration of Proposal to Demolish Structures at 7IS Old Highway 8 NW and 389 Old Highway 8 NW. Report No. 06-193.