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DATE 9/23/85 <br />4 <br />ITEM NO. E a 7 <br />Department Approval: Manager Reviewed,-. Agenda Section: <br />6 <br />V <br />It,em Description. Purchase of home at 2983 Mildred Drivel <br />Discussion with the CouniciLl a few weeks ago indicated an interest <br />11 <br />in purchasing 'the property for sale at 2983 Mildred Drive (map <br />,attached) . <br />The Plarks and Relcreation Director recommends purchase of the <br />[,*-roperty as part of the City's eff'lort to preserve the shoreline <br />*Ion Lake, <br />The City retained an, appraiser, who has valued the property at <br />$551,00�0. A, purchase agreement has been, reached with the property <br />4 <br />awner at the appraised, prjLcie of $55,0000 <br />If the Council delcildes to purchase the lot, the f ollowing mot 010 <br />A <br />is suggested, <br />I <br />Motion approving the purchase of house and lot at 2983 Mildred <br />Drive 'in the amount of $5151,000, to be paid from liquor fund <br />I <br />v <br />reserviesl, purchase subject to the City Attorney's findings that <br />the title is clear., <br />0 <br />R <br />