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I <br /> <br />I <br />i <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> CONSIDER ADOPTION OF AN ORDINANCE <br /> AUTHORIZING THE SALE OF <br />LOT 4, BLOCK 1, GATEWAY NORTH INDUSTRIAL PARK 5 <br /> <br />By: <br /> <br />William IC Goodrich, City Attorney <br /> <br />Background: <br /> <br />The City has agreed to enter into a TIF agreement with Lundeen Holdings, LLC. As a part of the <br />transaction, the City is to convey title to Lot 4, Block 1, GATEWAY NORTH INDUSTRIAL <br />PARK NO. 5 to Lundeen, LLC. In order to complete this sale transaction, an ordinance needs to be <br />adopted authorizing the sale. The sale ordinance was introduced at the Council's August 14, 2001 <br />meeting and that ordinance is now eligible for adoption. <br /> <br />Enclosure: <br /> <br />Proposed ordinance <br /> <br />Recommendation: <br /> <br />Adopt the proposed ordinance <br /> <br />Council Action: <br /> <br />} <br /> <br />Motion to adopt Ordinance #01-XXX authorizing the conveyance of Lot 4, Block 1, GATEWAY <br />NORTH INDUSTRIAL PARK NO. 5. <br /> <br />Reviewed by: <br /> <br />City Attorney <br />City Administrator <br /> <br />CC: 08/28/01 <br /> <br />-405- <br /> <br /> <br />