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AGENDA ITEM 5D <br />STAFF ORIGINATOR: David Ahrens, City Engineer/Public Works Director <br />DATE: August 8, 1996 <br />TOPIC: Authorize Purchase Agreement, Water Storage Tank 2. <br />BACKGROUND: <br />The construction of the City's second water storage tank includes the purchase <br />of land to accommodate the tank. Staff has reviewed site alternatives for the <br />construction of the tank and has determined that the parcel shown on the <br />attached location map best meets the City's criteria for siting the tank. Mr. <br />Richard Schreier has agreed to sell 1.03 acres (45,000 square feet) of land to <br />the City for $67,500. This amount is based on previous land sales in the area <br />and the zoning of the property as General Business. Mr. Brian Wessel and the <br />City Attorney have reviewed the Purchase Agreement and found it acceptable. <br />OPTIONS: <br />1. Return to staff for further review <br />2. Authorize the Mayor and City Clerk to sign the Purchase Agreement. <br />RECOMMENDATION: <br />Staff recommends that Council approve the motion authorizing the Mayor and <br />City Clerk to sign the Purchase Agreement. <br />