2024-04-16 · City Council · Transcript · Citywide Development Authority Special Called Meeting

--- title: Citywide Development Authority Special Called Meeting date: 2024-04-16 source: 2024-04-16_Citywide_Development_Authority_Special_Called_Meeting.wav --- [0:00:04, 0:00:05]: Attorney Wiley. [0:00:06, 0:00:08]: Attorney Wiley, do we have a quorum? [0:00:15, 0:00:18]: Yeah, four, one, two, three. [0:00:20, 0:00:21]: Are we missing a board member? [0:00:22, 0:00:24]: Remember we had a resignation. [0:00:29, 0:00:31]: We are missing one board member. Well, two. [0:00:35, 0:00:40]: So uh we we need quorum, madam. [0:00:42, 0:00:42]: Sure. [0:00:44, 0:00:51]: You have four. Mr. Woodall is online, Miss Gleaton, Miss Samuels, and Chairshaw. [0:00:51, 0:00:56]: Okay. Do you want to go ahead and call um Madam Clerk? We go ahead and do the [0:00:56, 0:01:02]: routine um attendance call so that we can start the meeting. Okay, I can do that. Chair Shaw. [0:01:06, 0:01:07]: Present. [0:01:07, 0:01:09]: Okay. Bye Share Samuels. [0:01:11, 0:01:12]: Here. [0:01:12, 0:01:13]: Secretary Glenn. [0:01:16, 0:01:17]: Treasure would all. [0:01:24, 0:01:26]: Uh you're beauty, Mr. Bodal. [0:01:27, 0:01:29]: Uh I'm sorry, I had it muted, present. [0:01:30, 0:01:32]: And board member Clayton. [0:01:32, 0:01:33]: Present. [0:01:34, 0:01:35]: Oh. [0:01:35, 0:01:36]: Councilwoman. [0:01:36, 0:01:37]: Get. [0:01:40, 0:01:43]: Let the record reflect that board member [0:01:44, 0:01:46]: Gleighton, I'm sorry, Glenn. [0:01:46, 0:01:51]: Board member Glenn and Councilwoman Gantt are not in attendance. [0:01:52, 0:01:54]: Chair Shaw, you have a form. [0:01:54, 0:01:58]: What we're gonna uh [0:01:59, 0:02:19]: Thank you. We are officially calling this meeting to order at 10 38 AM. It is Tuesday, April 16th. Um, we would like a motion to actually go into executive session to discuss real estate. Attorney Wiley, your um your screen is showing. I'm not sure if you're aware of that. Is the public [0:02:18, 0:02:21]: Yeah, I am aware of that and um [0:02:22, 0:02:32]: I don't believe we need to go into executive session, Madam Chair. This is a matter that's already been put discussed. So we don't need to go into executive session. [0:02:32, 0:02:33]: Okay. [0:02:35, 0:02:37]: Uh if you would like some uh [0:02:37, 0:02:41]: ex make a motion to accept the agenda to approve the agenda, we can start. [0:02:42, 0:02:52]: Sure. We will make a I will make a a motion to approve uh this agenda. Do I have a second to that? Second, Terry Gleedon. [0:02:52, 0:02:55]: Thank you, Terry. All in favor? [0:02:57, 0:02:57]: Uh I [0:02:59, 0:03:04]: All right, we have full support to move forward. Um go ahead, um, attorney Wiley. [0:03:04, 0:03:24]: Thank you. Um, this will be a quick meeting um board members. Um, this is just a I I put up on the screen what I've sent to um the the broker for the purchaser, um Parth Patel, and we are amending seeking you all [0:03:24, 0:03:41]: Authorization to allow the chair to execute the document, the First Amendment to the purchase and sell agreement, which would extend the closing date to June 5th, 2024, subject to [0:03:42, 0:04:02]: The purchaser within three days of the of today depositing an additional$25,000, which the purchaser has agreed to. And that will be an extension earnest money deposit. There's also, this will also necessitate the uh amendment of [0:04:02, 0:04:22]: Section 6.2 of the agreement, which was the that portion of the original agreement was uh specified the inspection period and that the purchase sir was to give us notice that uh that the purchase that the property was either in an acceptable condition. [0:04:21, 0:04:28]: or not acceptable condition. And so by my conversations with the the um [0:04:28, 0:04:30]: The property, the purchaser. [0:04:31, 0:04:33]: I'm so sorry. Hold on. I'm so sorry. [0:04:35, 0:04:37]: Yes, that's what I'm just correct. [0:04:38, 0:04:39]: Yeah, okay. [0:04:40, 0:04:42]: Okay, yeah. [0:04:43, 0:04:55]: Yeah, mm-hmm. Yeah. A one apparently the building is doing something with this alarm. Uh my apologies. I don't know. [0:04:55, 0:05:15]: Well, I like what we have the credit card back. If we get a motion to approve this part of this uh first amendment, um as I was saying, section two dealt with the uh notice of acceptance of the condition of the property, my conversation with the uh with the purchaser. [0:05:15, 0:05:23]: Is that they accept the condition, the physical condition of the property. And so I amended that to just say that to say that fact. [0:05:23, 0:05:38]: And that will everything else will continue and be binding in the agreement. So if we could get a motion to authorize the chair to uh execute the first amendment first amended agreement. Um [0:05:38, 0:05:58]: And to the extent that there are any variations, minor variations that the purchaser may want to make to this proposed agreement to allow me the option, the opportunity to make those any type of uh non-substantive revisions that affect the substantive. [0:05:58, 0:05:59]: The terms. [0:06:00, 0:06:04]: Yep. I would appreciate it. Yeah. [0:06:05, 0:06:10]: Okay, I'd like to make a motion that we make those changes and authorize the chair to sign off on it. [0:06:12, 0:06:14]: Thank you. Um yeah. [0:06:15, 0:06:20]: Okay, who seconded that? Samantha. Okay, thank you, Samantha. All in favor? [0:06:22, 0:06:22]: Uh. [0:06:23, 0:06:24]: I [0:06:24, 0:06:25]: Uh [0:06:26, 0:06:27]: Okay. [0:06:27, 0:06:34]: Uh thank you. The motion passes. Do we have anything else? Um, attorney Wiley. No, ma'am. [0:06:34, 0:06:35]: All right. [0:06:35, 0:06:38]: This meeting is officially adjourned at [0:06:39, 0:06:41]: Ten forty three AM. [0:06:41, 0:06:42]: Thank you. [0:06:42, 0:06:43]: Thank you. [0:06:43, 0:06:45]: Thank you. Have a good day, everybody. [0:06:46, 0:06:47]: All right. Have a good day, everyone.