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I <br /> i <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />CONSIDER FINAL PAYMENT OF COMMUNITY PARK #5 <br /> By: Dean Kapler, Director of Public Works <br /> <br />Background: <br /> <br />At the June 8, 1999 City Council meeting, it was decided to make the final payment of <br />$85,000 to Mr. and Mrs. Halderson prior to June 30, 1999 as per the purchase agreement <br />made in 1998. Council did not make a formal motion to authorize the payment. Council <br />agreed to utilize funding from the Landfill Trust Fund (LTF) for the final payment and to <br />decide at a later date which source would be used to payback the LTF. <br /> <br />Financing: <br /> <br />$85,000 would be used from the Landfill Trust Fund to make the final payment to the <br />Halderson's. <br /> <br />Council Action: <br /> <br />Motion to authorize the final payment of $85,000 to Mr. and Mrs. Halderson for the <br />purchase of Community Park #5. Funds will be taken from the Landfill Trust Fund and <br />replaced from sources to be determined at a later date. <br /> <br />Reviewed by: <br />City Administrator <br />Finance Officer <br />Director of Public Works <br /> <br />CC: 06/22/99 <br /> <br /> <br />