title
Update on Harlow & Hem redevelopment of Blanchard Street Parking Lot
body
Submitted by:
Jennifer Ferguson
Department:
Economic Development
To date, Mandel has exercised their right to extend the financing commitment deadline by up to three months in one-month increments, and has made nonrefundable earnest money payments of $50,000 per extension, applied to the purchase price (in total the CDA has received $175,000). An update on the timeline for closing/breaking ground will be discussed
recommendation
The body may convene into closed session pursuant to Sec. 19.85(1)(e), Wis Stats., for the purpose of deliberating or negotiating the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require closed session, and may reconvene into open session.