Agenda - Council - 05/25/1999 - Laserfiche WebLink

Home

I i/ I i I I I II I I I I I I I I will be lost, at least for a decade or so. This form of severance is often the most difficult and unpredictable element of damage to evaluate in a taking situation. However, the Residential Parcel contains a building, which, although of no particular value to LOL, does nonetheless have some value which can likely be equated to the ~erance. Finally, the usage of the Residential Parcel in the after situation is probably somewhat limited, and would require road access from some point other thfin TH47. We think that the joinder of the parcel to the LOL parcel is a natural and sensible usage of the parcel, and that it probably has/ts greatest value as an adjunct to the LOL parcel as opposed to an attempted resale on the open market. Taking all of the above into consideration, LOL would propose an even exchange of all necessary right-of-way, slope and drainage easements, and construction easements, for the residue of the Residential Parcel. If the City has some market for the buildings on the Residential Parcel and wished to remove them, that would be acceptable. LOL would also be willing to accept the responsibility for well capping. We would suggest that the City review this proposal as soon as possible, and if the City does acquire the Residential Parcel, documents to enable the .exchange could be prepared promptly. The only contingencies that LOL would reqtiire would be for marketable title, Board of Directors and congregational approval (about a 4-week process) and the opportunity for a Phase I Environmental Assessment. Please have this proposal reviewed by your staff or appropriate commissions, and let us know your reaction. b~ Counsel to Lord of Life " 2