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RHRA Meeting Minutes – Monday, August 29, 2016 Page 25 realizing a tax increase on the property with a home valued substantially more than an existing obsolete structure. Ms. Kelsey reviewed the existing home from staff inspections and tour based on today’s code standards, and lack of potential for a remodel; with current sellers through this family estate not interested in putting any money into the current structure, and staff not anticipating much buyer potential. Further discussion included the preference to keep the parcel on the tax rolls; and clarification that this parcel has no deeded access to the lake, with access limited to the 210 parcel. Without objection, the REDA directed staff to not take any action on the 210 parcel at this time. Willmus moved, Laliberte seconded, directing staff to review the appraisals on 196 S McCarrons Boulevard and schedule a CLOSED SESSION of the REDA at the September 19, 2016 City Council meeting to further discuss making an offer on the property. Ayes: McGehee, Willmus, Roe, Laliberte, and Etten Nays: None. Motion carried. 211 N McCarrons Boulevard Ms. Kelsey reviewed the three options outlined in the staff report for this parcel (lines 36 – 48) seeking direction from the REDA. Ms. Kelsey noted that the city had already received an extension to consider purchase from May 13, 2016 to December 31, 2016; but was unsure if the Department of Military Affairs would be willing to extend that further. Ms. Kelsey further advised that staff had held no formal discussions at this point until receiving direction from the REDA. Ms. Collins reported on staff’s walk through of the facility by Community Development Department staff and City Building Inspector Gerry Prouix who provided initial observations without a full structural report. Ms. Collins read off those items from the initial observations of this multi-generational constructed building, found to be structurally sound, but with significant things needing to be brought up to code. At the request of Member Willmus, Ms. Kelsey reviewed the asking price of the building at $2,190,000 in accordance with an appraisal of fair market value rendered in 2014. Ms. Kelsey advised that if the city chose to purchase the building and demolish it for new construction, the estimated cost to do so was