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<br />~. <br /> <br />. <br /> <br />. <br /> <br />building, it makes sense for the city to pursue the Bailey property at this <br />time. We may not expand the parking lot for a number of years, and if this <br />turns out to be the case, we likely will be in the residential rental business. If <br />for some reason the city never expands the library or its parking lot, we can <br />always resell this property at a future date. <br /> <br />Recommendation <br /> <br />It is recommended that the city authorize staff to begin discussions for the <br />acquisition of this property and the development of terms and conditions for a <br />purchase agreement. <br />