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City Council <br />Agenda <br />July 17, 2012 <br />Page 2 of 4 <br />7 CITY MANAGER'S REPORT <br />8. REGULAR BUSINESS <br />A. PRESERVATION AND REDEVELOPMENT OF THE <br />HISTORIC GRAIN ELEVATOR <br />Al. RESOLUTION NO. 41, SERIES 2012 - A RESOLUTION <br />APPROVING A NON - BINDING LETTER OF INTENT WITH <br />AMTERRE PROPERTY GROUP, LLC FOR PRESERVATION <br />AND REDEVELOPMENT OF THE HISTORIC GRAIN <br />ELEVATOR IN THE CITY OF LOUISVILLE <br />Staff Presentation <br />Public Comments (Please limit to three minutes each) <br />Council Questions & Comments <br />Action <br />A2. PROPERTY ACQUISITION (GRAIN ELEVATOR <br />PROPERTY) - PURSUANT TO SECTION 2.92.010 OF THE <br />LOUISVILLE MUNICIPAL CODE, NOTICE IS HEREBY GIVEN <br />THAT AT ITS AUGUST 7, 2012 REGULAR MEETING, THE <br />LOUISVILLE CITY COUNCIL WILL MAKE A FINAL <br />DETERMINATION AS TO THE PURCHASE OF FEE TITLE <br />TO A PARCEL OF LAND TOTALING 1.21 ACRES, MORE OR <br />LESS, COMMONLY REFERRED TO AS THE DOWNTOWN <br />LOUISVILLE GRAIN ELEVATOR SITE LOCATED AT 540 <br />AND 544 FRONT STREET , IMMEDIATELY SOUTHEAST OF <br />THE INTERSECTION OF FRONT AND ELM STREETS (THE <br />"PROPERTY "), WHICH PROPERTY IS BEING ACQUIRED <br />AS A GENERAL ASSET OF THE CITY AND FOR <br />POTENTIAL REHABILITATION OF THE HISTORIC GRAIN <br />ELEVATOR LOCATED ON THE PROPERTY, AND ALL OR <br />PORTIONS OF THE PROPERTY MAY SUBSEQUENTLY BE <br />SOLD WITHOUT NECESSITY OF ELECTION AS SUCH <br />PROPERTY IS NOT BEING ACQUIRED FOR ANY PARK, <br />OPEN SPACE OR GOVERNMENTAL PURPOSES. <br />Staff Presentation <br />Public Comments (Please limit to three minutes each) <br />Council Questions & Comments <br />Action <br />2 <br />