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• <br />• <br />WS -8 <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 8 <br />Date: Council Work Session, Wednesday, Sept. 8, 2004 <br />To: City Council <br />From: Mary Divine <br />Re: EDA Meeting September 27 <br />Please mark you calendars for a 6 p.m. EDA meeting before the regular city council <br />meeting on September 27 to consider the sale of EDA owned property on the <br />northeast corner of Lake Drive and Hodgson Road (see map). This parcel is <br />approximately four acres and is zoned General Business. <br />RUD Surveyors, currently located in Lexington, are interested in purchasing the <br />parcel for the purpose of relocating their offices to the site. An appraisal was <br />completed and RUD has made an offer to buy the property for $300,000, with the city <br />splitting the cost of burying the power line that runs across the site. <br />When the EDA sells property, a public hearing is required. A resolution will then be <br />considered that authorizes staff and the city attorney to enter into a purchase <br />agreement. <br />