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AGENDA ITEM ;5 <br />STAFF ORIGINATOl :Brian Wessel <br />DATE: 3/25/96 <br />TOPIC: Public Hearing on the proposed sale of property in the Apollo Business <br />Park to Progressive Engineering <br />BACKG UND: <br />Progressive Engineering is purchasing 2.3 acres in the business park for its <br />precision mining business. The building will be located in the city -owned <br />portion of the park. According to the city charter, a public hearing is required <br />when the city is writing down the cost of city -owned property. <br />