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ITEM 11. <br />city <br />E <br />ver <br />MEMORANDUM <br />TO: City Council <br />FROM: Lori Johnson, City Administrator <br />DATE: June 21, 2010 <br />SUBJECT: Consider Purchase of Property <br />A closed session of the City Council has been called as authorized by law to consider the <br />purchase of property. Following discussion of the purchase negotiations at the closed <br />session, the Council may take action on the purchase at the open meeting. The action <br />taken at the open meeting must include the terms and conditions of the purchase. <br />Mr. John Babcock has approached the City with an offer to purchase the property known <br />as Bailey Point. This property was identified years ago by the Parks and Recreation <br />Commission as the number one priority park land purchase. The property, if acquired, <br />would be used as a passive nature area with a trail and open space; the vast majority of <br />the property would remain essentially the same as it is now. <br />