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MEETING �Z�xr� 75 <br />��V�U��� r�� C�U���L �L���� DATE: T <br />AGENbA SEC710N: ORIGINATING DEPT./DIV.: DEPT. HEAD APPROVAL. <br />I �or�s F Recomrnendat�ons Aclm <br />ITEM NO.: ITEiVI �ESCRIPTION� paxk Land Acquisit�.on - Prince oi Peace �1i1T'C M�'�• REVIEWED/RECOMMENDS: <br />� � <br />The s�aff has been negotiating wi�h the Prince o£ Peace Church for the purchase of <br />paxcels adjoining Cen�ral Paxk. Agreerrtent cannot be reached on a purchase price <br />for the property. The Church is asking a total price of $�2,943. This is in excess <br />of the City's offer and cannat be recommended £ar acceptance. <br />Not campleted at the time of agenda preparation is a recapitulatiion of Lhe negotiating <br />process, but which will be fortaardec3 under separa�e cover. <br />The alternatives available �o the Council are: <br />1. Accept the Church's af�ex. <br />2. Reject the Church's offer and abandox► the prtiposed acquisition af the parcels. <br />3. R�ject the Church's offer and initiate condemnati�n proceedings on the parcels <br />deemed necessary or desirable. <br />