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<br /> <br />City of Elk River <br />REQUEST FOR COUNCIL ACTION <br />Agenda Section Meeting Date <br />Worksession Februa 13,2006 <br />Item Description <br />Pinewood Golf Course U date <br /> <br />Item Number <br />5.7. <br /> <br />Prepared by <br />Lori ohnson, Ci Administrator <br />Reviewed by <br /> <br />Introduction <br />City Attorney Peter Beck will provide a verbal update to the City Council on the status of the city's offer <br />to purchase the Pinewood Golf Course from Mr. Paul Krause. <br /> <br />Discussion <br />On December 19, 2005, the City Council approved an offer of $1.8 million for the Pinewood Golf <br />Course. Mr. Beck has been working with Mr. Glen Nord, attorney for Mr. Krause, on the terms of the <br />agreement and on the drafting of the purchase agreement. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> <br />None <br /> <br />Action Requested <br />Council consideration of proposed the purchase agreement. <br /> <br />Council Action <br /> <br />Motion by _ <br /> <br />Second by _ <br /> <br />Vote <br /> <br />Follow Up <br /> <br />S:\Council\Lori\2006\Pinewood Update 0213.doc <br />