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DRAFT Regular City Council Meeting Monday, October 21,2013 Page 19 cilmember Etten, Interim City Manager Trudgeon confirmed that the large ma- jority of property in this section of the City (across Lexington Avenue from City Hall) was owned by the Reiling family; with Councilmember Etten seeking where the City stood with the family and how the City fit into the larger concept for this area. Interim City Manager Trudgeon advised that he had held a broader discussion with Mr. Reiling, noting the City's interest in considering the potential purchase of the properties without any specific timetable; but if a need or interest became evident. Mr. Trudgeon concurred that the question of "Toward what purpose?" was valid. Mr. Trudgeon opined that he didn't think there would be any barrier, assuming something could be worked out, further opining that he had found Mr. Reiling to be willing and open for discussions. Chair Maschka noted that, with four parcels, a concept such as that presented by CommonBond would work well. Councilmember Willmus opined that the City currently had a lot on its plate, and questioned if it should jump on this parcel, expressing concerns in looking at the context of the City being involved, not the HRA, whether the parcel should be ac- quired for a future City Center. While already owning some properties, Coun- cilmember Willmus expressed his interest in continuing to explore properties with the School District and other opportunities; but opined that he wasn't sure he was ready to acquire property for the purpose of a City Center at this time; and could provide no solid direction at this point. Councilmember Laliberte noted her understanding with the concept of being aware of opportunities when they arise, and while timing isn't always the most desirable, she agreed with Councilmember Willmus that the City was not yet there, given the other projects (e.g. Park Renewal Program, Dale Street Project, etc.) and agreed that the timing wasn't right at this time to pursue purchase. At the request of Councilmember McGehee, Chair Maschka advised that the ask- ing price for 2654 Lexington was $229,000; and if purchased now, the intent would be to continue to operate it as a rental. While not having anything particu- lar in mind, Councilmember McGehee opined that if she was on the HRA, she would purchase the parcel and keep it as a rental. Councilmember McGehee not- ed that the City had a historical problem in not having property assembled and ready when things arise; and further noted that the City could always resell the property. Mayor Roe opined that he was not prepared to acquire the property at this time; however,he noted that the HRA had some latitude with its funding, and the parcel could be pursued further if the HRA so desired.