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CITY COUNCIL WORK SESSION <br />Topic Report: Industrial Property <br />Acquisition <br />By: James E. Norman, City Administrator <br /> <br />Background: <br /> <br />Staff has discussed with the City Council the possibility of acquiring a property <br />immediately to the east of Ramsey Boulevard and north of the railroad tracks in the past <br />(Map attached). Recently, the property was listed for sale and it was acquired by Premier <br />Commercial Partners. Staff has been in discussions with Premier Commercial Partners <br />and they have indicated their willingness to sell the property for the same purchase price <br />as they acquired the property. Staff would like to discuss the acquisition, purpose for <br />acquMng thc property, and the financing for the property with the City Council during a <br />work session. <br /> <br />Action Statement: <br /> <br />upon dixcussion. <br /> <br />Reviewed by: <br /> <br />City Administrator <br /> <br />CCWS: 10/11/05 <br /> <br /> <br />