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MINUTES CITY COUNCIL MAY 1, 1991 The City Administrator replied that the $2 per square foot figure was used since that was the figure that the developers had indicated an easement could be acquired from the Plessel property when there were discussions about the possibility of Costa Lane going north to Allen Avenue. It was indicated during those discussions that that figure was a reasonable one. Costa felt the cost of the easement was too high and did not feel the City should make money on the property it purchased for $1.25 per square foot. Scalze pointed out that the City has an appraisal of the property when it was purchased a few years ago, and suggested that perhaps another appraisal was in order. Scalze noted that the $2 per square foot had been indicated by the developers as a fair price to pay the Plessel's for an easement, and that is why this figure was included in the development agreement. Biesener suggested that perhaps the City Administrator should relook at what the property was purchased for by the City. The City Administrator pointed out that it was his understanding that the developers had agreed to the $2 per square foot, and that is the figure included in the executed development agreement. Scalze felt the matter should have been resolved in development agreement negotiations and not at this time. Upon motion by Biesener, seconded by LaValle, the public hearing was closed. Mr. Biesener introduced the following resolution and moved its adoption: RESOLUTION NO. 91 -5 -155 - ORDERING IMPROVEMENT NO. d 90 -21, DESOTO STREET, AND AUTHORIZING THE CITY ENGINEER TO PREPARE PLANS AND SPECS The foregoing resolution was duly seconded by LaValle. Ayes (5) Biesener, LaVaile, Scalze, Collova, Hanson. Nays (0). Resolution declared adopted. The City Administrator reported that it will be necessary to hold a special meeting on Monday, May 13th to review and approval plans and specs and authorizing Page 10 c