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Commission authorizes direction on Drake property at 3060 North Meridian Street
Summary
Staff read a resolution authorizing the Department of Metropolitan Development to modify or enter a new agreement for development of the Drake property at 3060 North Meridian Street and to convey title or an option to a transferee approved by the Vacant to Vibrant Review Committee.
A policy resolution read into the record described authority for the Department of Metropolitan Development to modify or enter into a new agreement for development of the Drake property at 3060 North Meridian Street. The resolution directed that title or an option to purchase title could be conveyed to a transferee approved by the Vacant to Vibrant Review Committee with the purpose of securing development "that will best serve the interest of the city."
The resolution language was read by staff and included parameters for conveyance or option to purchase subject to Vacant to Vibrant Review Committee approval. The commission approved the resolution as part of a grouped vote; no additional discussion or amendments were recorded on the transcript.
