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Page 2 Obviously, the City need not apply for the maximum $50,000 grant. It may elect to apply for any amount less than the $50,000. Tf it did so, the application amount would correspond to the land acquisition priorities it has established. Thus, the possible alternatives are as follows: Alternate #1 - Friorities 1-7 Alternate #2 - Priori�ies 1-6 Alternate #3 - Pxiorities 1-S Alternate #4 - Priorities 1-4 Grant $50,000 35,250 25,250 16,250 Additional Local Total Amount Needed $50,000 $100,000 $30,000 35,250 70,500 15,250 25,250 50,500 5,250 16,250 32,500 -0- The last column (Additional Amount Needed) represents the amounts needed over and above �•�: what was speci£icailly provided for Central Park land acquisition in 1975. The arguments in favor of proceeding with a$50,000 appl�cation are that: there is a fairly good chance of receiving the $50,000 grant, and there is considerable uncertainty of the success of future application effoxts; and the pxocedure for completing an application for $15,OOQ is equally as time consuming as one ior $50,000. The argumen� against an application that requires more funds than was specifically budgeted for, is that it is disruptive to the programs already scheduled and would require the deferxT►�ent of those projects (assuming Generai Revenue sharing funds were not used or considered). Interest of Property Owners There are two property owners involved in the 3 lots on Brooks Avenue. After the August I974 grant apglication was denied the Council ordered appraisals and authorized negotiations to commence. A hold has been placed on negotiations because of the �atter now under consideratzon. Both owners, however, are pressing for a conclusion on the acquisition. The urgency fox xesolving the Church paxcel abutting Lake Ben�et relates to the fact that the City has constructed �rails on thex� property and are in effect bcespassing. The other Church parcel {immediately south of County Road C and Victoria) is to pro- vide a linkage to Central Park west of Victaria and possibly to Lake Owasso. The Church is now in the pxocess of determining their posrtion and wi�I advise the Ci�y the first week of February. The parcels south of C and to the west of Dale (Sa�verda and Borgstrom) were in the August 1974 application, but no funds were specifically provided for in the 1975 Parks and Recreation capital program. These owners have requested the City to advise them of the time-table far acquisition. The three (3) houses on Victoria pose a moxe dif��cult decision. House #1 ($I8,d00) is owned by a more elderly party and perhaps the acquisition could be accomplished with some type of a life estat� arrangement. The other two houses (#2 and #3) are