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a <br />REQUEST FOR COUNCIL ACTION DATE. 6-25-9* <br />' <br />ITEM NO 0 0 <br />I 0 <br />°iii L�*oval e JB % <br />Manager Reviewed: Agenda Section. <br />Report and <br />Recommendation <br />I ff <br />11 ff j <br />It scr 11 p 1 "ion: Rosewood request, for City land purchase. <br />11 35W/36 <br />site.l <br />0 <br />At ,the City Council Work Session,,, .. <br />+ e, the modifid Rosewood proposal with respect to a C14 <br />buyout of the land 'in the 35W area. The basic elements of <br />Rosewood roposa a <br />"s q <br />_pl are s follows. <br />3101 The owners would agree to, 0 relocation expenses when the City <br />evientuallytakes down the land,, <br />-1 0-4 in <br />4w The City would have to prov ide a six month no-.. to the <br />homelownersi bef ore exercising its right to take down the <br />property.1 After seven yeiaris,, a f inal buyout would be <br />requiried, to pay of f the remain ing balances <br />A summary of' the proposed prolect, as well as a discussion of the <br />pros, and cons arle attached for council, review. <br />