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Council: developer has loan approval but not yet paid off CHRC; attorney handling negotiations
Summary
Council members said the developer Van Buskirk received an almost $850,000 low-interest loan but has not paid off the CHRC; the city’s attorney is negotiating next steps and council expects a response within about a week to 10 days.
Council member (council member) updated the council on the status of the CHRC issue and communications with Van Buskirk. He reported the developer had been approved for a South Dakota housing loan "just short of $850,000," which he said would be enough to pay off CHRC, but the payoff had not yet occurred.
The council has delegated further negotiation and correspondence to the city attorney (Patrick). "Patrick just sent Van Buskirk an email after our meeting saying everything goes through me now," the council member said, and staff expect a substantive response in "7 to 10 days". The update noted closings and house construction are proceeding on site but that secondary access (connection to Willie Drive/Ivy Lane) remains unresolved and will be a city negotiation point.
The council indicated disappointment that the loan funds had not been used to retire CHRC as expected and emphasized the matter is now in the attorney's hands pending developer action.
