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<br />. <br /> <br />. <br /> <br />. <br /> <br />Mr. Moshenko raised the following questions: <br /> <br />l. <br />2. <br /> <br />What is the price of the acquisition? <br />What is the value of the property proposed to be <br />taken? <br />What is the land price to the developer? <br /> <br />3. <br /> <br />Mr. Rex Swanson responded with the following answers: <br /> <br />1. <br />2. <br />3. <br /> <br />Acquisition for the Agency - $973,000.00. <br />Value of the property - $3,000,00O.00i\L\\",~'~~~::~:b ,\ "" <br />Land pr ice to the Developer - Developer has 'agreed" <br />to pay $785,000.00. <br /> <br /> <br />Mr. Moshenko requested that Mr. DesRocher's letter of <br />Febuary 15,1982 be entered into the record (copy attached). <br /> <br />A motion was made by Mrs. McGuigan, seconded by Mr. <br />Luxembourger and carried unanimously to receive and file the <br />letter from Peter DesRochers to Mayor Bricken dated February <br />15, 1982. <br /> <br />Mr. Howard Block addressed the Agency advising them that he <br />was prepared to proceed with the proposal that was before <br />them, but if it was going to be a problem they would have an <br />alternative proposal. <br /> <br />RECESS <br /> <br />At 10:00 P.M., the Chairman recessed the meeting. At 10:18 <br />P.M., the meeting was reconvened with the same members <br />present. <br /> <br />After lengthy discussion, a motion was made by Mr. Markel, <br />seconded by Mr. Serrato and carried unanimously to continue <br />consideration of this matter to March 16, 1982. <br /> <br />AUJOURNMENT <br /> <br />After closing the public hearing, Council considered their <br />regular agenda at 1:38 A.M., therefore, there being no <br />further business before the Community Redevelopment Agency, <br />the meeting was adjourned at. 1:38 A.M. to March 16, 1982 at <br />5:30 P.M. <br /> <br />~o <br /> <br /> <br />Rex Swanson, <br />Executive Director <br /> <br /> <br />-4- <br />