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City of <br /> Elk - Request for Action <br /> River O. <br /> To Item Number <br /> Mayor and City Council 8.4 <br /> Agenda Section Meeting Date Prepared by <br /> General Business January 21, 2014 Cal Portner, City Administrator <br /> Item Description Reviewed by <br /> Approve Draft Letter for Houlton-Olson Farm <br /> Property Assessments Reviewed by <br /> Action Requested <br /> Review and approve by motion a draft letter outlining the terms for the Houlton Property assessments. <br /> Background/Discussion <br /> The city is expected to soon receive notice regarding the grant approval from the State of Minnesota for <br /> the purchase of the Houlton-Olson Farm. <br /> The property has deferred assessments for water and sewer trunk that will be paid off at the close of the <br /> sale. The city and the representative for the Houlton-Olson family have come to terms on a tentative <br /> agreement for payment of the assessments. <br /> The letter addresses the terms of the agreement as the purchase is completed. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ Draft letter (provided at meeting) <br /> P0WIAEO 0 <br /> NaA f RE] <br />