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• <br />• <br />• <br />AGENDA ITEM 511 <br />STAFF ORIGINATOR: Mary Alice Divine <br />DATE: 3/13/00 <br />TOPIC: <br />First Reading: Ordinance No. 04 -00 offering the sale of <br />property in the Apollo Business Park to NoI -Tec Systems, <br />Inc. <br />Vote Required: Simple majority <br />BACKGROUND: <br />NoI -Tec Systems in the Apollo Business Park would like to purchase a .79 -acre <br />city owned parcel just north of the company's site (see attached map). This is a <br />remnant parcel between NoI -Tec and the Fogerty development to the north. The <br />company is interested in holding this site for future expansion. The city and Nol- <br />Tec agreed to a purchase price of $41,900, plus assessments. <br />OPTIONS: <br />1. Approve the first reading of Ordinance No. 04 -00 offering the sale of property <br />in the Apollo Business Park to Nol -Tec Systems, Inc. <br />2. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />