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<br />-------- ----- ------------ ------------ <br /> I <br />Memorandum, Naegele Sale and Purchase Agreement I <br />Page Two -I <br />September 26, 1997 <br /> existing billboards on 1-694. Naegele will be allowed to place a second panel (facing <br /> east) on the easterly billboard adjacent to 1-694. I <br /> The net change is that Naegele will be removing three billboards and construction one <br /> new one. The net effect of this from a zoning perspective is a reduction in the non- I <br /> conforming status of this property. The proposed sign ordinance change is directly <br /> related to this issue. <br />. Collaborative Marketinl:" I <br /> Naegele has agreed to work with the City on the joint marketing of the remaining twenty I <br /> acres of property for office development. <br />Recommendation I <br />The City Council is asked to approve the Sale and Purchase Agreement with Naegele Outdoor <br />Advertising, Inc. substantially in the form presented, subject to nonsubstantial changes being <br />approved by the City's attorneys and City Administrator; and authorize the Mayor and City I <br />Administrator to execute all necessary documentation. <br />BF/sls eI <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> -- <br /> I <br />