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Cass Property Page 5 <br /> October 30, 1995 <br /> • purchase. If we enter into this purchase agreement, the land acquisition is <br /> scheduled for a public hearing before the Planning Commission in November <br /> and the City Council on December 18, 1995. A public hearing for the <br /> acquisition of property by a municipality is required by state law. The City <br /> Council may dispense with this requirement if it finds by a two-third vote <br /> that the proposed acquisition has no relationship to the Comprehensive Plan. <br /> Following the scheduled December 18, 1995, City Council public hearing on <br /> this land acquisition, we will need to reach a final decision on whether or not <br /> this land acquisition and project is worth pursuing and finalizing. The <br /> purchase agreement calls for a decision and the exchange of funds on <br /> December 26 with the balance to be paid on March 15, 1996. <br /> Staff recommends approval of the project as discussed on 9/25/95 and as <br /> outlined above. <br /> III <br /> . <br />