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0 el <br />December 71, 1,99J,' <br />TO: Siteve Sarkozy <br />FROM: Craig Waldron <br />SUBJECTSI UPDATE ON NCR. ACTIVITIZI <br />Backar • <br />ioun <br />ion a <br />The NCR items, that were to be under considerat* t the December <br />a <br />1,01 meetiong, 'in a previous memo that I forwarded to you, were as <br />followsal <br />if I a <br />14ri Approvi,ng'an overlay of the existing municipal development <br />distrilicts with a Porit Authority industrial District and <br />Housing and Redevelopment Authority Redevelopment District. <br />(Thiswould provide the, City the flexibility to accomplish <br />the purposes of buying land and, assisting +g <br />wilth the rehabil-- <br />ation of the NCR building,.) <br />9 <br />2. modification of thie existing Tax Increment Fienancing Plans I <br />throlugh 1,2 to reflect the modified, NCR costs. <br />Author, iozat ion tioi enter 'Into a Development and Purchase Agree <br />0 <br />men,t 'with NCR <br />lei <br />At th is time staf f "is, st gill negotiating the f inance package <br />w ith, NCR-. Thus,, the final costs relating to the aforemen- <br />tioneld Items Number 2 and 3 have not been finalized. <br />T he negotiations have been moving forward extremely well wl"th <br />NiCi however'. staf f does need add "it ional time to work out the <br />I <br />6 <br />spielicil ficsol <br />