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Item Descripflon Authorization, to enter into developmen. <br />T ig r e e m e n t w i t h Mul ti -Car <br />Assocle,ates/Partnership. I <br />I've X - TOW • 01 <br />The Rack site was originally cluded as part of the <br />original Ryan, agreement. However, thi's site was purchased by <br />a separate party that simply, proposed a quick rehabilitation <br />of' the building for use of' a medical clinic, it should be <br />0 <br />pointeld out that the parking for the original proposal, was <br />completely inadequate. <br />Staf f proceeded to negotiate with the new owner with respect <br />to Ryan 1 s l,on,g, term plans 3'0.n the area as well as <br />reconsidering, their proposal for a simple rehabilitation. <br />Subsequently, the owners did, decide to work with Ryan as well <br />as the City with respect to a new sianature build i1na on the <br />s ite <br />1 .1 <br />Ab dt <br />WP, <br />40 <br />40 OP No <br />jo <br />a- OP 4P <br />®R <br />