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acres usable for the ballfields, which was an increase in <br />Parcel 1. <br /> <br />Howard: <br /> <br />Griffiths: <br /> <br />The part that talks about the City's <br />ability to purchase property for <br />expansion.of our facilities, is that <br />still unaffected or unchanged? <br /> <br />I asked Tom if this map would affect <br />that, and it was my understanding <br />that his recommendation would be <br />that that property .... the option not <br />be recognized until the end of the <br />time to exercise the option, which <br />would be, under the agreement, <br />sometime in 1996, with the <br />acquisition of Parcel 4. So, no, <br />this configuration wouldn't affect <br />that. <br /> <br />Sisk: <br /> <br />As far as the option period is <br />concerned, has that been changed now <br />to have Boulder County participate <br />in the option payment? <br /> <br />Griffiths: <br /> <br />Boulder County is participating in <br />each of the option payments. <br /> <br />Sisk: <br /> <br />If we buy more up front, then should <br />we be in a position to have to pay <br />the same amount of option monies <br />throughout'~the agreement? <br /> <br />Griffiths: <br /> <br />The allocation of the option <br />payments is on a 50-25-25 basis. <br />Louisville's overall share of the <br />obligation would still be 25%. <br /> <br />Davidson moved that Council go into Executive Session to discuss <br />some specific issues and receive advice from the Attorney. <br /> <br />Griffiths: <br /> <br />On the understanding that the <br />Executive Session would be to <br />address the Lastoka property <br />purchase, then the motion would be <br />for the Council to go into Executive <br />Session to address matters relating <br />to real property acquisition and, <br />particularly, the strategy for the <br />acquisition of real property. <br /> <br />Hornbostel seconded. <br /> <br />5 <br /> <br /> <br />