CC - Agendas - City Council - REGULAR - 8/29/2006

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Prescott City Council Regular Voting Meeting — August 8, 2006 Page 12 G. Authorize staff to purchase the Nature Center property for $1,810,000.00, and to approve the purchase agreement with the Prescott Unified School District No. 1 for the purchase of said property. Attorney Gary Kidd explained staff from the City and School District had been negotiating the purchase agreement and there was a lot of give and take on both sides; the legal department approved the agreement which would authorize the purchase of the 18 acres for open space. Manager Steve Norwood said there was one item that had caused the School District some concern and that was in having two payments made, one by September 2006 and the second one in 2007. There would be no interest earnings and he suggested cutting one check and paying them as there was $5 million in the Open Space Fund. Councilman Luzius MOVED to AUTHORIZE staff to purchase the Nature Center property for $1,810,000.00, and to approve the purchase agreement with the Prescott Unified School District No. 1 for the purchase of said property with the modification to make one payment, and authorize the Mayor and city staff to execute all necessary documents to effectuate the purchase, which was SECONDED by Councilman Lamerson. Ed Parry, 228 Park Avenue, asked if the agreement contained any reference to '11 the school district helping with the maintenance of the property. It was clarified the agreement specified maintenance costs would be shared 50/50. The motion passed unanimously. V. ADJOURNMENT There being no further business to come before the Prescott City Council, Mayor Simmons ADJOURNED the meeting at 5:00 P.M. ROWLE P. SIMMONS, Mayor ATTEST: ELIZABETH A. BURKE, City Clerk