 We'll call the special meeting to order As soon as you get the system Pat, would you call the roll please Bowman here Berg? Bonnet Doyle graph excuse many Monta Mayor Moody Perez Rinflaish Stefan excuse Ben Akron Vanderbilt Mungerman Warner Weninger 14 present forms present redevelopment authority after coral Thank you Steve I will turn it over to you Thank You mayor the the item on the agenda is to Grant another extension for a grant extension Permission to the Great Lakes entities to conduct Certain construction work On the Blue Harbor project in the absence of a final development agreement through July 14th. That's Set forth in the letter That's Believe you've got a copy of We obviously don't have a signed development agreement yet It's the developers Feeling that we will Be able to close by July 14th So they've requested this extension the letter that's in front of you is Almost identical to the prior Permission letter And in all respects The only changes are the reference to the prior letter that granted the Permission through June 30th There's also an attachment to the letter from Kramer brothers that indicates the type of work that they would be Anticipating starting on the site through July 14th and most of that is The first four or five of those items are the same as the prior permission at the last Two or three the site electrical building footings and foundation walls and base course installation. That's base course for the parking lots Those are new items that We've been advised that they may start Would like to start footings and foundation walls next Monday So they would have basically a week to work on that prior to Closing of the project the the agreement as as the prior letter Contained contains provision that turn to it here on page 4. It's item 5b Says work authorized under the present letter may be terminated at any time for the city's convenience or by the city for any reason You agree to stop operations immediately upon such direction from the city Without prejudice to the generality of the foregoing the present permission is rescinded if the development agreement is not executed by July 14th What that means is there should there be some reason that? We wish to have them Cease operations prior to July 14th. We would have the ability to do that But in any event this permission would only extend to through July 14th The the blank on the first page References the the city wrote a letter on June that would be June 17th and then the only other change to the letter as it's before the council would be the signature lines at the back Assuming the Council approves and the redevelopment authority approves should be dated today's date, which would be July 1st and the original document we've added signature lines for Blue Harbor resort Sheboygan LLC and Blue Harbor resort condominium LLC the The document that we got emailed just had the acceptance by the Great Lakes companies the original agreement was Accepted by all three entities because they're all three are addresses to this letter and they would be added also as Accepting an agreeing to this extension There's any question to be happy to try any questions console all our persons all over for us Thank you, and I guess I just figured you as a little Update what's going on? There a lot of it has to do still with lender issues things that both that they're Proposal lender for the resort project and Potential lenders for the condominium portion of the project are raising as far as Concerned with city priority as far as You know if there's a if there's a foreclosure or something like that that Still have to be worked out It's I can say it's not the city that's holding things up at this point I think we've been very punctual with getting documents to them for comment and Taking them a while to respond to those and they As issues arise Primarily through their lenders They filter to the developer and the developer filters them back to us wanting to propose additional changes to the documents We Are outside counsel? I believe today emailed them a checklist of items for closing There's also a number of items that will be required for closing Items that they need to provide one of which is an Alta survey Survey done by meet certain standards done by a surveyor of the site that They haven't completed and provided to us. There's a Bunch of other documents that they need to provide to us before closing and It's just Overall, it's it's a complicated project There are a lot of issues that arise some of them substantive some of them not very significant but They need to all be sorted out before we can really close Like you said, we are ready to go. We have our ducks in a row. We're ready to move forward We're just waiting for them and they ask for an extension till July 14th and they assure us that they will be ready to go by July 14th So look forward to that any other questions All of them in the corner. I think your honor I would just say that if we're looking through this I see that the staff has done its job to make sure the city is pretty well protected on this and I feel pretty Comfortable with it. So I hope we can all support this thing. Thank you Could I have a motion on that? On that I would make a motion Authorizing the mayor to grant an extended So the city of Sheboygan for the Blue Harbor project developer to commence certain construction work Sure, go ahead. All I want to know if you could indicate in your motion that that would be to July 14th Through July 14th 2000. I would agree with that. Okay. If there's no other discussion That would you call the roll, please? Berg, Boonee, Doyle, Manny, Montemayor, Moody, Perez, Ruinfleisch, Van Akron, Van Der Wiel, Wangeman, Warner, Weninger, Bowman, 14-i's Motion carried redevelopment authority. Thank you. Move to second adjourn under discussion hearing none. All in favor