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owl <br />M E M 0 R A N' D UMI <br />0 It, <br />The C1 Y C'o Inci'l, at the July meetingi directed staff ta <br />6i it <br />negotiate with Bradf lord, and to bir ing -back a modif ied proposal i:f <br />one could indeed be worked out, e B ased on the Counc oil d i4recti on, <br />sta,f f proceeded, to complete the, follow " ncr: <br />W, <br />Bradford was, told that it would have to accept a lower rate <br />of return,, <br />121s. Bradford was "instructed to run a modified proposal at a more <br />realistic interest rate, <br />L od'f *ed proposal represents <br />It is the stiaff'si opinion that this M i I <br />a reasonablell worthwhile pro'ecti and should be considered for <br />3 <br />fund ing If the Council should accept thi's recomendationj the <br />staff would be, requesting authorization to enter into a <br />development agrielement at the next City Council meeting, <br />