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Recommendation: <br />The Public Works committee recommended that the City Council declare the two contingencies <br />on the offer to purchase the property at 5860 157 Lane which include; (a) an appraisal <br />supporting the offered purchase price; and (b) a traffic study being favorable to the Neon Street <br />connection, as being satisfied, and that staff be directed to close on the purchase of the property. <br />Action: <br />Motion to adopt the recommendations of the Public Works Committee. <br />Reviewed by: <br />Interim City Administrator <br />Public Works Director/Principal Engineer <br />Finance Officer <br />City Attorney <br />CC: 03/27/07 <br />—101— <br />