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I * <br />n <br />» <br />'^'^1 ,.r-r-T'N''l REQUEST FOR COUNCIL ACTION <br />DEC 1 6 2000 DATE: December 15,2000 <br />CITY or un\->iMv^ITEM NO: <br />Department Approval: <br />Name Ron Moorse <br />Title City Administntor <br />Administrator Reviewed:Agenda Section: <br />City Administrator's <br />Report <br />Item Description: Budget Adjustment - Purchase of Land from the Orono School District <br />The City Council, at its March 13,2000 regular meeting, authorized the purchase of a 6-acrc parcel <br />ofpropert}' from the Orono School District at a cost of$ 165,000. The total costs, including closing <br />costs, legal fees and a Phase 1 environmental review, were $168,000. The land purchase has been <br />completed and a budget adjustment is needed to reflect the expenditure. <br />COUNCIL ACTION REQUESTED: <br />Motion to approve a budget adjustment in the General Fund budget to reflect the expenditure of <br />$168,000 for the purchase of the 6-acre parcel from the Orono School District. <br />Ml A r.iiir93Cr> sa jmi tflmiiwuV Y11 rr .•>'