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Fergus Falls council joins county CDA, approves assignment agreement for mall purchase amid debate
Summary
The Fergus Falls City Council voted to join the Otter Tail County Community Development Agency and approved an assignment and assumption agreement tied to a proposed mall purchase; motions to delay the acquisition failed and council added direction on tenant safety and debt priority during sale proceeds distribution.
The Fergus Falls City Council voted to authorize the city to participate in the Otter Tail County Community Development Agency (CDA) and approved an assignment and assumption agreement related to a proposed purchase of the Westridge Mall, after extended debate over taxpayer risk, creditor priority and tenant safety.
Council approved the participation resolution and later approved an assignment-and-assumption resolution that would assign the city's purchase agreement to the county CDA, enabling the county to step into the city’s place on the mall purchase contract. Attempts to table the acquisition for 30 days failed, and a companion motion establishing priorities for any proceeds and a joint task force were inserted into council direction.
The action matters because the county CDA will hold the purchase agreement and perform due diligence on…
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