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<br />. <br /> <br />. <br /> <br />. <br /> <br />Memo to the Mayor & City Council <br />Holt & Jackson Proposal <br />October 16, 2000 <br />Page 3 <br />approximately $5,000. It may be useful for the City to complete this to have on <br />hand if this proposal is rejected and another is proposed. <br /> <br />Action Requested <br />This proposal appears to be a good "fit" for the site and the adjacent neighborhood. <br />Staff recommends that the City Council accept the Letter of Intent from HJ <br />Development with the following conditions: <br /> <br />1. The City agrees to complete the Phase I Environmental Study. <br />2. The City wi II not accept the northerly undevelopable property for park or <br />open space purposes. <br />3. Successful completion of public hearings on the sale of excess property as <br />required by Statute. <br /> <br />s:\eda \prospect\holtj ack\memorand .doc <br />