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Attached is a memorandumfromthe Director of Parks and Recrea- <br />ti,on recommending that, the, City not acquire a portion of the <br />I <br />Lexiington School slate. It should,,i however, require the cash <br />10, <br />equivalent of' the ten percent dedi'cation as provided by ordinance, <br />'The approximate value of the, dedi,cation,is $100,000, based on <br />i <br />purchase agreemienit . <br />0 0 <br />The recommendiation is blaseld, oin the assumption that the planning <br />applicat, ion of Gerald Kauftiold (to, rezone etc.. Lexington School <br />site) will, u1timiately be a,piprovied by the C ity, <br />Attich . <br />