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1 <br />City Council Meeting <br />August 20,2002 <br />Page 5 <br />Pitrson asked if the 90 day period would start on Au£ust 20.2002. Morse indicated the 90 day <br />period would start on August 21,2002. the date that she would mail the agreements to the <br />aiiectsd businesses. <br />Lundgren Brothers - Fleming Trail Development <br />*■ “'5' proved the Pint Amendment to the <br />Pm^e Agreement with Lundgren Brothers, which extended the closing date under Section 2 <br />ol the Purchase Agreement by an additional 42 days. On May 7, 2002. the City Council <br />purchase agreement setting the closing date for no later than <br />bept^ber 30,2002. The purpose of the second extension was to allow the City of Long T ^)cp, <br />no latwr than December 2,2002. The reason for Luadgren's r<jquest was due to the <br />environmental delay which caused them to stop their due diligence process and corporate <br />ojidiysis* <br />Schaefer was not comfortable with granting yet another extension. Hammerschmidt and <br />Hultmann concurred. <br />Benson stat^ that the fact that the MPCA had not completed the no action required letter <br />accounted for the delays. <br />l^eteOT s^d that until the corporate attorneys from Lundgren have the no action required letter <br />the IVff CA. tiiey may not aUow the closing to move forward. Dieizcn slated that the initial <br />delay was the environmental issues, however, Lundgren may be stretching the closing at this <br />pomL He alM noted that from a Lundgren perspective, they may wish to delay the closinf since <br />they cannot break ground until spring 2003. Morse noted that based on what the MPCA had told <br />her. the no action required letter should be received by the City in September. <br />Morse siated^t if the City Council was uncomfortable approving the extension, she would <br />recommend they table this issue to give staff an opportunity to contact Lundgren to express the <br />Council s concerns and to resolve some of the contingency issues that are still outstanding. <br />Dietzen concurred. <br />Highway 12 Utility Project Bid Awards - Phase I (Resolution 2002-8-7) and <br />Phase D (Resolution 2002-8-8) <br />Morse reported that bids were received and tabulated by the City Engineer on August 20.2002. <br />see 'JCC’c i W • •2-* rrrr.,