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City Council Agenda and Packet 1993 05 04
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City Council Agenda and Packet 1993 05 04
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3/11/2021 1:47:05 PM
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1/15/2010 2:42:29 PM
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City Council Records
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City Council Packet
Signed Date
5/4/1993
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CCAGPKT 1993 05 04
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�or�a c�sabl• !ar th� bi�l��sld�, r�lah tr� an �na�►iw► ir <br /> P�►x�o�l �. <br /> �tort�c�'dt T!� part that t�axka abou� tt� CitY' � <br /> ' �bti1E to �ur�haar► p�,pp�►�g !or <br /> � <br /> ort o�' ous �tvixiti+�a, !�• t1�t <br /> �rt 11 ur►arr.vt�d or •u�charrq.aT <br /> �rittittYr� � aak�Q T+a� i! t2i!• sMp w�w7.4 alt�at <br /> tbat, an4 it wtr ty urrd�r�tandit�r� <br /> that his r�cvo�rid,�►t3.on rrraul� � <br /> t.lyrr�t �t�►.rop�rty. .,. tt� optic+� not <br /> b� r�c+�qni.c�4 unt11 th� is�d o� tt� <br /> t� to �utsra�,s� tb� option, �fiiah <br /> rrou]►d b+�, w�� t� a t, <br /> ao�r�ti►� in 1996, w�.b t.� <br /> acqu��.�ition of Parc�l �. io, no, <br /> t,A�s ar�r►tiqur��ioa vouldn't •!l�at <br /> tba�. <br /> 9i�kt .�s �ar as �ri� aption p�riod is <br /> +COnc�rtud, ha� that b�n ab�r�q�d tW�M <br /> LO �aV� �ca��d�c C�aYritY pa�,"C�Lalpatt <br /> in �h�r opti�o�n payrantit <br /> arit!'iths: sauld�r �a�untY iM p��ioiyating in <br /> oa�ab of �� option p�y�nC.�, <br /> Si��k: zt rti buy �rwz�r � trant� th�e► shou��d <br /> �rr� � in a�osi.tion ta l�ev� to P�Y <br /> th� �►�ua a�ouix�►t o� optlon �ani� <br /> throuqaout ' tb� �qr��tarntT <br /> Gxil�S��t►�rs Th� �11�tion ot th� option <br /> pa'Y�nts is on a 5Q-2�w�� baris. <br /> Lo�t;irvill�s' � trv�r�ll i�u�� of tA+� <br /> o�bxiQation ra�d �►ti12 hs zs�. <br /> Davldaon aav�d that Cour�ai.] qo intro rac�autiv� i�aaio� to Stscwa <br /> sas� �q�rcilia i�su� �rrd r�wtv� advior tt� th� �ttorr►�y. <br /> 4ri!l�,th�r t on th� und�r�t�►nQin� t.brtt tb• <br /> ixicutiv� f�s��icm rrou]►d b� to <br /> addxus� t.ha Lr�Mtoka Prop�rtY <br /> purcJ�a�, th�n �t� �ti,on vouid h� <br /> �Cor th�► Ca�uticil �.a yb !►ytl�► s�uNoutiw <br /> a��si�a� to addrur �t�t�rM r�a�tinq <br /> t�o r�al prop�rty �►css�ui�iti,on ►ryd� <br /> aa�rtivularly. � �tx�at� !or tlu <br /> �aqui.siti.nri o! r+ai prop�rty. <br /> Hornb�o�tsx saaarsd�4. <br /> s <br />
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