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38 , <br /> Action 3. It is further proposed that the portions of the original parcels remaining <br /> after subdivision be combined into one lot designated as Lot 2 NS on Exhibit A and <br /> LOT 2 on Exhibit B, thus positioning the existing improvement on one legally <br /> described' lot.- It is anticipated that.this action will be accomplished administrative <br /> by_the execution of;a Declaration of Restriction to..be.prepared by the City Attorney, <br /> The area of this land is approximately 133,000 square feet. <br /> I understand that each of these actions will be considered separately by the City, <br /> however, they are being submitted here as a package as they are closely related <br /> activities. Additional actions by the buyers of the west land are also expected <br /> concurrent with this proposal regarding rezoning and perhaps other issues. <br /> With reference to the proposed subdivisions, please note that we currently lease a <br /> strip of land to the north of the existing building from the CP Railroad to provide <br /> convenient parking for tenant employees. This lease has been in place since at least <br /> 1979 and discussions with the railroad indicate that it is not likely that the lease <br /> would ever be terminated. If it were terminated however, we would have difficulty <br /> providing on site parking according to the Ordinance. A package of previous <br /> correspondence is attached providing background on this issue and as the January 4, <br /> 2000 memo concludes, the worst case is.that we_would be forced to buy the land <br /> from the railroad. Accordingly, we do not feel that this issue should, be a factor in <br /> approving the subdivision proposals. <br /> For expediency, draft copies of subdivision applications are attached for review and <br /> comment. <br /> Thank you f�r your consideration. <br /> inc y <br /> Kenneth Solie <br /> • <br />