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<br />~ <br /> <br /> <br />~ <br />EN HILLS <br /> <br />. <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />July 26, 2006 <br /> <br />Agenda Item 7E <br /> <br />TO: <br /> <br />Mayor and Council <br />Michelle Wolfe, City Administrator <br /> <br />'WU-\" <br />c \;71 <br />Karen Barton, Community Development Director ,j <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />TCAAP Offer to Purchase <br /> <br />Attachments: <br /> <br />BACKGROUND <br /> <br />Upon reaching an agreement for the base price for 585 acres of the excess TCAAP property with <br />the GSA on July 12, 2006, the GSA requested that Council pass a resolution in support of the <br />purchase and provide thern with an Offer to Purchase by August I, 2006, Council passed <br />Resolution 06-40 on July 25, 2006 supporting the purchase of the TCAAP property. City staff <br />provided the GSA witb a proposed Offer to Purchase on July 24,2006 and has becn working to <br />finalize that document with them since. <br /> <br />. <br /> <br />DISCUSSION <br /> <br />Because of the on-going negotiations and due to the fact tbat the information is considered non- <br />public during the negotiations period, a final copy of the Offer to Purchasc will not be provided <br />with this memo. <br /> <br />The Offer to Purchase that you receive at the Council meeting will be discussed in greater detail <br />at that time. <br /> <br />Staff Recommendation <br /> <br />Staff cannot make a recommendation until the Offer to Purchase negotIatIOns have been <br />finalizcd. Staff anticipates providing Council with a recommendation at the July 31, 2006 <br />Council meeting. <br /> <br />\\Melro-inCLus\ardenhills\Planning\Community DevclopmenL\CounciJ Agenda [tems\TCAAP Offer to PurC]lase memo to Council 7-26-06.doc <br /> <br />. <br />