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<br />I <br /> <br />I <br /> <br />8 <br /> <br />would be appraised so that staff would know the value of these <br />properties if the question of condemnation should arise. He <br />stated that all of the people involved in this proposed appraisal <br />of fixtures and equipment had been contacted. He added that <br />there would be additional meetings with the property owners <br />before any further action, beyond these appraisals, was taken. <br /> <br />In response to questions from Mrs. McGuigan, the Exectuive <br />Director/Economic Development stated that the letter which was <br />sent to the property owners prior to the other public meeting was <br />to explain that the Agency would not be taking the entire parcel <br />but just a portion on the front of the parcel, as stipulated in a <br />participation agreement between Santa Fe and the Agency. He <br />added that the Agency's agreement with Santa Fe did not involve <br />these properties but that staff had been in negotiations with <br />McDonnell Douglas and that it had been found that these <br />properties might be involved and that, for this reason, staff <br />sought to have the fixtures and equipment appraised. <br /> <br />After further discussion, it was moved by Mrs. McGuigan, seconded <br />by Mr. Johnson and carried unanimously (6:0) that the item, <br />"Contract for Appraisal of Fixtures and Equipment - McDonnell <br />Douglas and Santa Fe Developments" be continued to the meeting of <br />October 15, 1985. <br /> <br />AGENCY AGENDA ITEMS - PROPERTY OWNED BY COMET, INC. ( 2706 NORTH <br />MAIN STREET <br /> <br />At the request of the City Attorney, it was moved by Mrs. <br />McGuigan, seconded by Mr. Luxembourger and carried unanimously <br />(6:0) that the Agency authorize the Chairman to execute the <br />Agency's standard escrow for acquisition of the property owned by <br />Comet, Inc., 2706 North Main Street, in the amount of $950,000, <br />subject to receipt of written confirmation of approval by KLST, <br />Inc. <br /> <br />ADJOURNMENT <br /> <br />Chairman Griset adjourned the meeting at 6:12 P.M. to the next <br />regularly scheduled meeting of the Agency on October 15, 1985 at <br />5:30 P.M. <br /> <br />~ <br /> <br />4~ <br /> <br />Rex Swanson, Executive Director <br /> <br />Daniel E. Griset, Chairman <br /> <br />-4- <br />