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REQUEST FOR CITY COUNCIL AGENDA ITEMREQUEST FOR CITY COUNCIL AGENDA ITEM <br />May 8, 2017May 8, 2017AppropriationAppropriation <br />Agenda Date Requested:Agenda Date Requested: <br />VariousVarious <br />Corby D. AlexanderCorby D. AlexanderSource of Funds:Source of Funds: <br />Requested By:Requested By: <br />N/AN/A <br />AdministrationAdministrationAccount Number:Account Number: <br />Department:Department: <br />N/AN/A <br />Report:Resolution:Resolution:Ordinance:Ordinance:Amount Budgeted:Amount Budgeted: <br />  $172,000.00$172,000.00 <br />Other:Amount Requested:Amount Requested: <br />Budgeted Item:Budgeted Item:YESYESNONO <br />AttachmentsAttachments : : <br />1.Minutes form January 9, 2017 MeetingMinutes form January 9, 2017 Meeting <br />2.Sales ContractSales Contract <br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS <br />At the January 9, 2017 Council meeting, staff received direction to negotiate a contract to purchase At the January 9, 2017 Council meeting, staff received direction to negotiate a contract <br /> to purchase <br />1218 S. Broadway.  Subsequent to that meeting, the City and the trustee of the property agreed to terms 1218 S. Broadway.  Subsequent to that meeting, the City and the trustee of the <br /> property agreed to terms <br />and a sales contract was signed for a purchase price of $172,000.  and a sales contract was signed for a purchase price of $172,000.   <br />This item has been placed on the agenda at the request of the title company.  The title company has This item has been placed on the agenda at the request of the title company.  The <br /> title company has <br />requested that the Council formally vote to approve the sale of the property.requested that the Council formally vote to approve the sale of the property. <br /> Staff recommends approval of the sale of 1218 S. Broadway. Staff recommends approval of the sale of 1218 S. Broadway. <br />Action Required of Council:Action Required of Council: <br />Consider approval or other action authorizing the City Manager to execute any and all documents Consider approval or other action authorizing the City Manager to execute any and all <br /> documents <br />necessary to purchase 1218 S. Broadway in an amount not to exceed $177,000.necessary to purchase 1218 S. Broadway in an amount not to exceed $177,000. <br />Approved for City Council AgendaApproved for City Council Agenda <br />Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDate <br /> <br />