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DATE O January 15, 1993 <br />TOO Steve s arozy <br />ONO Craig A. Waldron <br />isuBJECT: Update on Reiling Default <br />1: Pursuant to the work session that staff had with the City <br />Council, the attached letter from Mary Ippel was mailed to <br />Mr. Reiling. <br />2i Meiling subsequently called staff and requested a meeting <br />after having' received the letter. we met January 12. <br />3e In summarizing the meeting with Mr* Belling it would have to <br />be stated that it did not go well Mr. Reeling simply <br />thought he should have more time and thus he did not really <br />come to the table with a viable proposal. In addition, he <br />continually argued with us regarding the various elements of <br />the amendment, times, dates, etc. Additionally,, we were <br />concerned that he did not purchase of the remaining lots <br />as another individual currently owns one of the five vaunt <br />lots* It is hard to see how he thought he could have come <br />into compliance with the development agreement without <br />owning of the lots t <br />4s used on <br />the fact <br />that Mr.. Reil ing did not propose <br />any <br />workable <br />solutions <br />at the meeting, we suggested that he <br />have <br />his attorney contact <br />us based on the seriousness of <br />this <br />default. <br />Reiling <br />has agreed to have his attorney,, <br />John <br />Daubney, <br />contact us <br />when he is back in town. <br />5a Mary I ppe l , from Briggs and Morgan , has seat a <br />recommendation to City staff and Council regarding a <br />susuension of any of the City Is obligations under the <br />development agreement (letter is attached). Staff or Mary <br />will formally correspond' with Mr. Re i l ing pointing out that <br />the City will indeed susRend its obligation under the <br />development agreement. This means that no payments, accrued <br />interest, etc a will be forthcoming. I will continue to }peep <br />you informed. <br />