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AGENDA ITEM 3B <br />STAFF ORIGINATOR Brian Wessel <br />DATE September 11, 1995 <br />TOPIC First Reading of Ordinance No. 16-95 Authorizing the Sale <br />of City of Lino Lakes property in the Apollo Business Park <br />to Wisconsin Magneto, Inc. <br />BACKGROUND <br />Wisconsin Magneto, Inc. is purchasing a 4 -acre parcel of land in the city -owned <br />portion of the Apollo Business Park for its distribution facility. According to Chapter <br />XII, Section 12.05 of the Lino Lakes City Charter, an ordinance is required to authorize <br />the sale of real property owned by the city. <br />OPTIONS <br />1. Adopt the First Reading of Ordinance #16-95 <br />2. Return to staff for further consideration <br />RECOMMENDATION <br />Option 1 <br />