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<br />e <br /> <br />e <br /> <br />AU ofUle owners, wilh pending conlraet., wilh the exeel,tioll of Mr. Dow agreed 10 have their <br />closings within 30 days nner the City closed the aJlcy. <br /> <br />AUorney Melvill Dow, Ihe eo-owller of 15 101., decided lhal he would ollfy sigll 01T 011 all <br />agreement lor his contract to close at a specific time. lIe has already aI/owed a <br />olle-time contract extension for 30 days extending the closing to November 29111 <br />The Credit Union paid $ J ,500.00 fhr this 30 day extension. <br /> <br />The Credit Union will be at great risk 10 purchase Ihese lots olllhe 29" of November, if <br />the olley has not closed. <br /> <br />It was our underslalldillg Ihal we had all malerials lIeeded for Ihis projeello be olllhe <br />agenda for Mondny, November 8, 20()tI City Council meeting. We received an <br />elllllil n.om oriall Slerlillg saying Ihal iflhe Credil Ullion wnuld pay for Ihe eulire <br />alley, lhell quole orian "'fU,i. is agreeable, we'll prepare it to go on J 1/08." (.ee <br />aUnched email) <br /> <br />This economic developmenl projeel, if colllpleted, will be 011 I he I ax roll. 0 f the Cil y of <br />La Porte for approximately $1,500,000.00. <br /> <br />We ask Cily Man'gemenllO rceollsider Iheir dceisioll because we feeflike Ihis pmjeel <br />has extenuating circumstances. <br /> <br />~ <br /> <br />.. <br /> <br />.. ....-... ~.. .. ,.. ... .. <br />