Columbia Gateway Urban Renewal Agency meeting recap 6/16

The Columbia Gateway Urban Renewal Agency met last night. In the lone action item on the agenda, the board approved an amendment to the disposition and development agreement with Todd Carpenter and Carla McQuade on the Recreation building. The agency was informed by their insurance carrier that the carrier would no longer provide coverage for the Recreation building as of July 1. The amendment requires Carpenter and McQuade to pay for a policy to cover the building, and name the agency as beneficiary until closure of the sale and transference of title.