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1988_0829_packet
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1988_0829_packet
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11/29/2011 3:20:48 PM
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E M 01 R A N D U M <br />DATE July, 2,7,t 1988 <br />rr <br />I r; <br />I Waldron <br />The potential for a Lex ington school comprom ise with Mr. Kaufhol <br />Ii <br />could, potential1v be feasible. The crcal elements relation <br />a <br />to the compromise are as follows. <br />Kaufhold would, dedicate 1, acre to the city. <br />2,61 The school distr imet would, have to dedicate an add itional <br />acre toi the c. il ty, and subtract that amount from Kaufhold I s <br />original, purchase price <br />701 If this, were. deemeld a workable - compromise, the citY would <br />have a contractual. agreement with Kaufhold that would allow <br />him to close on Oicitiober 1. 1988 with a city commitment too. <br />�ffl <br />P07P <br />W <br />Purchase the, one acre park. <br />0 <br />Be prepared to enter 'into a tax increment program to <br />facilitate, housing on the southwest portion of the <br />Oi <br />site,. <br />Fiolve forward with the, modified zoning plan based on the <br />compromise. <br />
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