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Redevelopment Commission Meeting <br />ILI Regular Meeting — September 3, 2004 <br />6. NEW BUSINESS (CONT.) <br />D. Sample -Ewing Development Area <br />(3) continued... <br />option purchase price was acceptable, nor <br />that the concept of selling an option would be <br />in the city's best interests. The Commission <br />would have had to make a decision as to <br />setting a precedent for future transactions by <br />contracting on this basis. It is staff's opinion <br />that the option would not meet the needs nor <br />the best interest of the Commission. It was <br />suggested that Mr. Poling submit a formal <br />development proposal consistent with the <br />Commission's usual practice. <br />Staff asked Mr. Poling to submit said <br />proposal on or before August 16, 2004 so <br />that action could be taken by the <br />Redevelopment Commission at its regular <br />meeting held on August 20, 2004. Mr. <br />Poling agreed that the course of action was <br />sound, and that a proposal would be <br />forthcoming. However, Mr. Poling did not <br />submit a proposal to purchase and develop <br />Lot #1. <br />On August 31, 2004 Holladay Properties <br />submitted a formal proposal to develop Lot <br />#1 in the Oliver Industrial Park. Assuming <br />that the proposal is given conceptual <br />approval by the Commission, this proposal <br />would place Holladay Properties in first <br />position to develop Lot #1. Subsequently, <br />Staff contacted Mr. Poling on September 2, <br />2004 to notify him that a proposal had been <br />submitted by another developer and he <br />accepted the course of events and expressed <br />his desire to continue working with <br />Redevelopment staff towards development of <br />14 <br />