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City Council <br />Agenda <br />August 21, 2012 <br />Page 4 of 6 <br />F. DISCUSSION /DIRECTION /ACTION - PURCHASE, <br />PRESERVATION AND REDEVELOPMENT OF THE HISTORIC <br />GRAIN ELEVATOR <br />F1. RESOLUTION NO. 57, SERIES 2012 - A RESOLUTION <br />APPROVING AND ACCEPTING THE TRANSFER OF A <br />PURCHASE CONTRACT FOR PURCHASE OF THE HISTORIC <br />GRAIN ELEVATOR PROPERTY LOCATED AT 540 AND 544 <br />FRONT STREET <br />Staff Presentation <br />Public Comments (Please limit to three minutes each) <br />Council Questions & Comments <br />Action <br />F2. 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 SEPTEMBER 4, 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 1.069 ACRES, MORE OR <br />LESS, COMMONLY REFERRED TO AS THE DOWNTOWN <br />LOUISVILLE GRAIN ELEVATOR SITE LOCATED AT 540 AND <br />544 FRONT STREET , IMMEDIATELY SOUTHEAST OF THE <br />INTERSECTION OF FRONT AND ELM STREETS (THE <br />"PROPERTY "), WHICH PROPERTY IS BEING ACQUIRED AS <br />A GENERAL ASSET OF THE CITY AND FOR POTENTIAL <br />REHABILITATION OF THE HISTORIC GRAIN ELEVATOR <br />LOCATED ON THE PROPERTY, AND ALL OR PORTIONS OF <br />THE PROPERTY MAY SUBSEQUENTLY BE SOLD WITHOUT <br />NECESSITY OF ELECTION AS SUCH PROPERTY IS NOT <br />BEING ACQUIRED FOR ANY PARK, OPEN SPACE OR <br />GOVERNMENTAL PURPOSES. <br />Staff Presentation <br />Public Comments (Please limit to three minutes each) <br />Council Questions & Comments <br />Action <br />4 <br />