For Jerry Miller to update the title search, reissue commitment for title insurance, review the title search results and return with a recommendation for closing.
Seevers made the motion. Wood seconds. On the dais, Kisela rubs his eyes wearily …
At a suggestion from the counsel, Seevers amends to set the closing before the end of the year.
Miller says he has some concerns that if everything isn’t worked out by the due date (specifically on the removal of tenants), and the city doesn’t take action, that could be construed as waiving the city’s rights. Some discussion follows. The counsel (Bowman, I think) seems optimistic everything can be resolved.
Sam: She’s going to keep the motion with a due date of Dec. 31; if the issues aren’t resolved, fine, the deal is off.
Tom: So if they are worked out, this doesn’t come back before us?
Miller: If there aren’t any problems, we close.
Craig: He’s a little concerned that after commissioning a financial analysis that shows the lease is a better deal, we’re looking at the purchase.
Seevers: “After spending almost $2.8 taxpayer dollars at the end of the road, we own nothing, we have nothing for our children and grandchildren.” Under the lease, that is. “I have a hard time spending that much money on nothing.”

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