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61788.8 0% (p <br />cillltim MEETING <br />TO: Mayor and City Council 6:lf173 to., t♦ <br />FROM: Mark Bernhardson, City Adminlstrato <br />t;tlY <br />DATR: May 17, 1988 r3 ra+)N© <br />sDBJRCT: Sale of Property Pheasant Road <br />Attachments A. Pheasant Road Sale Memo Dated 4/29/88 <br />B. Proposed Purchase Agreement <br />ISSUE - Acceptance of the purchase agreement to undertake the <br />sale_ of property on Pheasant Road in exchange for the appropriate <br />easements. <br />INTRODUCTION - As the Council's last meeting they directed staff <br />to under Eike the sale of the property in exchange for the <br />appropriate easements. <br />DISCUSSION - Attachment B is the means by which the process is to <br />he undertaken based on the terms outlined by the Council. The <br />appropriate easements to the City are currently being drawn for <br />review by the City's legal staff. The agreement requires <br />executed easements to the City and the two abutting neighbors <br />prior to or at closing. <br />ALTERNATIVES <br />Issue 1. Adoption of the purchase agreement <br />1. Adopt <br />2. Amend and adopt <br />3. Table <br />4. Choose not to enter into the agreement <br />RECOMMENDATION - It is recommended that the Council approve the <br />purcheee agreement listed as Attachment B. <br />PROPOSED MOT'UN - Moved by , seconded by _ that the Council <br />approve the purchase agreement for the sale of land on Pheasant <br />Road in exchange for the appropriate utility and maintenance <br />easements to the City plus the appropriate easements running to <br />the abutting property owners at 2615 Shadywood and 2655 Pheasant <br />Road. Ayes _ , Nays __ <br />cc: Richard Indritz, Reed and Pond, Ltd. <br />