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AGENDA SECTION , <br />Recomendations <br />MEETING 10-20-75 <br />REQUEST FOR COUNCIL ACTION DATE: <br />I,RtGINATING DEPT./DIV.: <br />Adm <br />ITEM N . 0, ITEM DESCRIPTION. Park Land Acquisition - Central Park MGR. RQE VII /RIECO MME NDS: <br />4~ <br />E <br />The parcel of land owned by 14r, and Mrs. Henry Naller., 2485 North Victoria Street, <br />was included in the Central Park land acquisition grant, <br />The staff has concluded negotiations on an earnest money-contract with the �4jllers <br />to purchase said property for a total price of $20,283. The appraised value of the <br />property was placed at $19,900 by Mr, Bettendorf . The -negotiated total price reflects <br />the amount. of special assessments outstanding ($382.28). The YAllers will be responsi- <br />ble for. the payment of special assessments outstanding. <br />In addition, the NUllers (husband and wife) retain the right to live 'in said p-renises <br />as long as each shall live or until such time as both would vacate the premises. They <br />woucld not be required to pay rent, but would be responsible for all utilities. (heat,, <br />11,0A, -phone, etc.) <br />