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<br />3.2 <br /> <br />After providing a purchase option to Mr. Reiling, the final sale would be contingent upon <br />the proposal being positively recommended by the Planning Commission and approved <br />by the City Council under the Planned Unit Development process. <br /> <br />4.0 <br /> <br />PLANNING COMMISSION RECOMMENDATION <br /> <br />4.1 <br /> <br />The Planning Commission reviewed the existing and future land use of the property and <br />recommended Council approval of the sale of2668 Lexington to George Reiling as part <br />of the proposed senior housing development. This type of use is consistent with the lot's <br />future land use designation as high density residential in the comprehensive plan. <br /> <br />5.0 <br /> <br />SUGGESTED COUNCIL ACTION <br /> <br />5.1 By motion, approve the sale of2668 Lexington Avenue to George Reiling at an agreed <br />~ LXl upon appraised value and with the contingency that the land be used as part of a proposed <br />~\9 frJ senior housing development. <br /> <br />5.2 By motion, authorize staff to hire an appraiser from the City's consulting pool to <br />complete a market appraisal of the lot. <br /> <br />~(p í,"o . <br /> <br /> <br />Attachment: Letter from George Reiling; Location Map <br /> <br /> <br /> <br />Q:\Planning Files\3202_2668 Lexington\RCA (O5082000).doc <br /> <br />PF3202 - RCA (05/08/00) - Page 2 of 2 <br />