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AGENDA ITEM #6.4 <br />City of <br />quotlTl� <br />Lakes <br />REPORT TO CITY COUNCIL <br />Report Prepared by: Traci Pederson <br />Date: February 5, 2024 <br />Subject: Industrial Property — Dotty Brothers Construction, Inc. <br />Report: Dotty Brothers Construction, Inc. had a signed/notarized agreement <br />(Quit Claim Deed) with the City of Pequot as of 10/1/2019 in which <br />they were to have the property purchased (Industrial Park Lot 1, Block <br />2) set for its intended use by December 31, 2020. <br />Dotty Brothers Construction provided a letter to the City on <br />September 2, 2020, asking for a 1-year extension to complete <br />condition #3 on the Warranty Deed (included in this packet) — stating <br />construction would start first thing in the spring of 2021. This request <br />was due to the COVID Pandemic. At the Council meeting October 6, <br />2020, their 1-year extension was granted with the completion of #3 on <br />the Warranty Deed to be completed by November 2, 2021. <br />This topic was brought back up at the Council meeting October 5, <br />2021 on seeing that there hadn't been any work done. Mr. Dotty was <br />at that meeting and asked for another extension until 2022. The <br />Council moved to allow the extension noting that construction was to <br />be completed by the end of 2022. <br />Now in 2024, there's still no progress made. <br />Council Action Requested: <br />Council discussion. <br />