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<br /> ~ <br />. <br /> July 10, 1991 <br /> TO: Councilmembers <br /> FROM: Dale Hicks <br /> RE: Park dedication for What-A-Racquet Sports Courts, Inc. <br /> Mr. Foster gave me the attached proposal for park dedication. I <br /> discussed it with him and suggested the following changes. <br /> 1. Think 10% rather than 8%. <br /> 2. Consider interest on the delayed payment; he proposed <br /> prime rate when we discussed this. <br /> I also told Mr. Foster that we would accept his appraisers value <br />~ of the undeveloped property if we believe it to be reasonable. <br /> If not, we would get another appraisal. <br />~ <br /> (J~: pac.tLt <br /> '-fltolq L <br />