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. . . City Council Minutes March 20, 2006 Page 7 purchase agreement. He stated the city needs to be careful on which responsibilities fall under which documents because cities are limited in their abilities to have contracts for deed for more than five years. Mr. Wilson stated the covenants have an initial term of 30 years and can renew after that. He stated there is a clause in the covenants that allow the majority of the property owners to sign a document waiving the covenants on the two outlots. He stated the other lots would still be protected by covenants. Mr. Wilson recommended approving the purchase agreement on a condition that the property owners sign a document waiving the covenants. Councilmember Dietz stated the city should not have to pay two years worth of property taxes during the lease period. Councilmember Dietz questioned the timeframe for how long the plat can legally be in effect by the city. Mr. Wilson stated the city could allow a reasonable period of time. Councilmember Dietz stated concerns with a future Council deciding they don't want to keep the golf course and defaulting on the agreement. Councilmember Motin stated if the city isn't making a profit on the golf course it has the option of selling the property to a third party to recoup any losses. He questioned if the city could continue the plat approval through the end of the contract for deed. Ms. ] ohnson stated City Attorney Peter Beck indicated to her that two years was the agreement the city had with Mr. Krause. She stated it is unlikely the city would default on the contract for deed. She stated the city would consider other options such as selling or developing the property. Mr. Wilson stated Mr. Krause would also have the option of suing the city for the money. Councilmember Motin stated he doesn't see any reason to not allow the plat to remain in effect for the entire term of the contract for deed. Councilmember Farber concurred. Andrew Brown, 18260 Yankton Street-Stated he was confident that 51% of the property owners would be willing to waive the covenants. He stated outlot] (lot 22, part of A and B) was not protected by the density but outlots A and B were protected by the density. He stated property owners are confused as to why outlot] would not be protected when it is part of A and B. He stated property owners would like assurance that any property on the perimeter of outlots A and B are protected. Mayor Klinzing stated she would get an explanation to Mr. Brown before he gets the signatures of the property owners willing to waive the covenants. Mayor Klinzing stated the city is going to try to operate the property as a golf course but she wants residents to be aware, as Council has noted all along, there is a possibility it would be sold for development in the future.