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<br />SOURCE OF FUNDS <br />The Park Land Acquisition Fund (456) can be utilized for the purchase of this property. Based on <br />the market value of the property from the appraisal, there are currently sufficient funds available <br />in Fund 456 to purchase the property. <br />STAFF RECOMMENDATION <br />Staff will provide additional information and further discussion about the terms of the purchase <br />agreement at the City Council meeting. If acceptable, staff recommends that the City Council <br />adopt a Motion to Approve a Purchase Agreement for the acquisition of the real property located <br />at 2884 and 2886 Centerville Road. <br /> <br />ATTACHMENTS <br />• Draft Pioneer Park Improvements Phase II Designs <br />• Parks & Recreation Commission Minutes – 9/7/23 <br />• City Council Workshop Minutes – 9/27/23 <br />• Draft Purchase Agreement-1.19/24 <br /> <br /> <br /> <br /> <br /> <br />