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H . R .A . MEETING MARCH 23 , 1993 3 PAGE 5 4 5 6 8 . DISCUSSION OF SELLING THE PROPERTY AT 3112 SILVER LAKE 7 ROAD 0 9 The Executive Director advised that Requests for Proposals i0 were sent out and two offers were received . One was rejected li as it was for $5000 . 00 . 12 13 A $20 , 000 offer was made by Advance Design . Attached to the 14 offer was a letter stating how the offer price was determined . 15 The letter also stated a price of $7 , 000 should be allowed for 16 clean un of the lot . Some members of the H. R.A. felt this 17 figure was much too high . 13 19 Staff prepared a map which showed the value of lots in the 20 immediate area of this one and are similar in size and 21 character . 22 23 It was agreed that the lot should be sold for not less than 24 $25, 000 and the buyer would be responsible for the lot clean 25 up and the associated costs . Advance Design has indicated it is not willing to pay this c8 price . The Executive Director noted that there is always the 29 option to place a "For Sale" sign -on the parcel . 30 31 Motion by Enrooth, second by Marks to accept no offer less 32 than $25 , 000 for the lot at 3112 Silver Lake Road and the 33 buyer would be responsible for clean up of the lot . 34 35 Motion carried unanimously 36 37 The Executive Director noted that plans for this parcel must 38 come before the City Council for its approval . The Council 39 would still have an opportunity to put- any restrictions on 40 this plan it desires . 41 42 9 . ADJOURNMENT 43 44 Motion by Wagner, second by Marks to adjourn at 8 : 55 p .m. 45 46 Motion carried unanimously 47 48 Respectfully submitted, 49 50 Jo-Anne Student , H.R.A. Recording Secretary