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rr~~u~rrs <br />Ci.ty Council <br />June 23, 1.9f37_ <br />Senior <br />Citizen <br />llousing <br />(Cont.) <br />Mrs. Scal.ze commented thaC the Council must remember that a trade o[ <br />Che Twin Lal<e J37.vd. property will. i.nvolve a rezoni.ng. <br />The Ci.ty Attorney reported t:hat the Ci[y i.s waiting for. an appr.ai.sal <br />f:rom the Land Commi.ssi.oners ot the 'Cwin Lake Rlvd. property. 7'hese <br />apprai.sals are usually very nom:inal. The City w~.ill have to pay th:i.s <br />f:i.~ure f.or the purchase o£ Che properCy. <br />Mr. Pahey asked the ~ttorney if he were optimi.st~ic ChaT, the A1ar1<eC <br />Place will trade even up For the properCy. The AtCOrney sCated that <br />he <iid not 1<now. <br />t4rs. Scalze suggested thaC perhaps the Cit.y should also obCa:i.n an <br />~PPra~isal oE t}ie Twi.n L~.ilce P~lvd. proper.ty. <br />Mrs. Nardini. asiced the rest of the Council and the Attorney thei.r <br />opi.nions about addin~; the $40,000 f:igure in, Mr. Porsberg aslced <br />where t}~e Ci.ty would f;et the money. <br />'Che Ci.ty Clerlc replied thaC he d~i.d noC know and that the City could <br />not bond Eor this money as it would not be used .f.or. a public use. <br />~~'tr. l-lanson commenCed thaC the Ci.ty tias property it could se11. <br />'The Attorney stated that the opti.on runs f:rom June 24 unti.l. October 31. <br />If the application i.s not a~proved, the Cit.y does not have to exerci.se <br />i.ts option. If the application is approved, and the Ci_ty does noC have <br />the money to purchase Che property, FIUD wi1.1 not sue t_he Ci.ty. 'Che r.isk <br />i.nvol.ved :is Chat should the CiCy get a comm~i.tment for funds f.rom }ItfD• <br />If. the City cloes not proceed, IIUD must turn that money b~ek Co Washi.ngton <br />and subsequent appl~icaCions from the Ci.ty w~il1 not even Ue consldered. <br />Mrs. Nardin:i commented that if iC malces the City's applielti.on loolc <br />better, the City should i.nclude the ?40,000. <br />P1r, S~aeeney sug,n,ested that the Ci.ty noC geC appraisals on the Tcoi_n Lal<e <br />ill.vd. property unL~il i.t ~;ets the f:i.gures froin the land commi.ssi_oners. <br />Mr, l~lanson commented that the City wtil.l. agree to sell thE subject <br />pr.operty f.or $1 Co the devel.oper, <br />Mr. Pahey i.ntroduced the follo~aing resol.ution and moved i.CS adoptiont <br />RESOLUTIO~ N0. ~32-6-335 - ADOPTI~G 'CIiE I~IIJD <br />RESOLUTIO~ AS PRL;SENTED BY TFIL CITY ATTORNFY WI'Lid <br />'CHP; AMENDt4EN'C SAOSdING TI~IP PIGURP OL' $1.00 AS <br />CONSID[~,RATTON 'GOR TF1P PROPL,R'CY <br />The f:oregoing resolution was duly seconded by Mr. Hanson. <br />Ayes (5) Fahey, I~Ianson, Scalze, I'orsberg, Nardini.. <br />Nayes (0). <br />Resoluti.on declare<( adopted. <br />T'hi.s resolution appears i.n Resolution i3ooic No. £3, Pa~;e 2f36, <br />Page -17- <br />