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Regular City Council Meeting Monday,July 7, 2014 Page 9 City Manager Trudgeon clarified that the agreement (Attachment A) was outlined in broad terms, with the plat and Development Agreement scheduled for City Council approval at their July 21, 2014 regular business meeting. Mayor Roe clarified that, while the City had yet to agree to sell the property to GMHC, this agreement allowed them to begin marketing the parcels. Housing& Redevelopment Authority Executive Director Jeanne Kelsey Ms. Kelsey advised that negotiations were still in process at this point for a final Development Agreement, with the City Council having identified Tax Increment Financing Districts 10 and 12 as a resource to write down the cost of the land. Ms. Kelsey clarified that this was not, nor were there any other agreements, to provide any other subsidy for this project; and that the purpose of this agreement was at the request of the GMHC to start marketing properties for pre-sales to begin addressing financial flow for the project. Councilmember Laliberte expressed her understanding of the process and current status; however, she noted the direction of a previous City Council, and subse- quently this City Council, to make sure the City is made whole on that piece of property, and as a member of this body, she could not pretend that direction was not in place. Based on her understanding, Councilmember McGehee opined that this provided an opportunity for GMHC to access the property and sell their concept or plan to float the development, excluding any construction or site work. Under those cir- cumstances, Councilmember McGehee opined that she didn't feel concern about them doing preliminary marketing or determining market interest, since it was on- ly two weeks before the Development Agreement would come before the City Council. Councilmember McGehee expressed her considerable faith in the HRA that they wouldn't have brought this agreement before the City Council without those assurances being in place. McGehee moved, Etten seconded, authorizing the City to enter into a Right of En- try Agreement (Attachment A) with the Greater Metropolitan Housing Corpora- tion (GMHC); for the purpose of marketing the homes to be constructed on the site prior to taking ownership of the property. Councilmember Willmus expressed his full understanding of Councilmember Laliberte's perspective and the validity of those concerns. However, Coun- cilmember Willmus opined that he was considering this as a simple erection of signage about the future development, not as a groundbreaking. Ms. Kelsey confirmed Councilmember Willmus' perspective, noting that the agreement provided placement of signs by the Realtor indicating contact infor- mation for any interested parties.