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Mayor & City Council <br />May 21, 1998 <br />Page 2 <br />♦ likely that Ultimate Golf, Tierney's Liquor, and the Pawn Shop would be relocated <br />outside of the immediate redevelopment area. <br />♦ I have contacted the prospective, new owner of the car wash property south of County <br />Road C along Rice Street. I am inquiring as to his interest in selling this property as a <br />site to house one or all of the remaining businesses. I hope to have more information on <br />this option for Wednesday's meeting. <br />In a related matter, the Cardinals have executed our agreement whereby we will reappraise the <br />property and they agree to sell at the new appraised price as long as it is not less than $102,000. <br />The appraisal process is underway and we would look to close on this property before the end of <br />June. I have made it very clear that they would not be eligible for relocation benefits in this <br />situation given the fact that the redevelopment project is not imminent. <br />I am also still awaiting word on the updated appraisal for the Guerin property. The City <br />Attorney will be prepared to discuss this under his topic. <br />Should you have any comments or questions in the meantime, please let me know. <br />JRH:kpv <br />cc: Kim Wise <br />Chris Moarn <br />Page 40 <br />