Strathmore currently owes about $140,000 to Ingham County for property taxes.

Loomis said the council would not necessarily vote down the extension if the taxes are not paid but could vote to defer the decision to a later date.

City Attorney Dennis McGinty said Strathmore has told city officials the taxes will be paid before the Oct. 6 meeting.

“We are assured that the taxes will be paid before the date the council has to have a vote on the final extension request,” McGinty said

The extension would give Strathmore until Dec. 17 to submit a financial plan. That also is the day Strathmore’s sight plan and special permit agreements with the city will expire. If Strathmore is able to make some progress on the actual site, these plans will not have to be renewed, City Manager Ted Staton said.

Strathmore has had significant struggles maintaining financing for the $116.4 million City Center II project, including the delinquent property taxes and two temporary foreclosures earlier this summer on seven of the properties slated for the project.

Strathmore announced it had reached an agreement with its lender, Huntington National Bank, on Sept. 16, one day before the bank was scheduled to sell the properties at public auction.

Strathmore’s General Counsel Tom Eckhardt attended the meeting with Strathmore’s Director of Engineering Mike Tracy. Strathmore President Scott Chappelle was out of the state on business.

Eckhardt declined to comment on the terms of Strathmore’s agreement with Huntington, saying the only information he could give was that an agreement had been reached and the foreclosure sale was canceled.

Both Loomis and Staton said they received confirmation from Strathmore and Huntington officials that the deal had been reached. However, both said they had not seen written documentation outlining the deal.

“The city is not party to that transaction,” Staton said. “Because we’re not party to the transaction, we would not typically be notified.”