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No. 0716 approving the fair re-use value of land and improvements to be constructed thereon in the Central Downtown Urban Renewal Area
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No. 0716 approving the fair re-use value of land and improvements to be constructed thereon in the Central Downtown Urban Renewal Area
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10/18/2012 3:50:46 PM
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8/7/2012 1:12:59 PM
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:1 <br />CENTRAL DOWNTOWN URBAN RENEWAL AREA RESOLUTION NO. 716 <br />DISPOSITION PARCEL NO. <br />4 -42; 4 -43; and Part <br />of 4 -44; together with <br />a parking garage to be <br />constructed thereon, <br />with a total of <br />approximately one <br />hundred nine (109) <br />spaces, on two levels. <br />EXHIBIT "A" <br />APPROXIMATE <br />SQUARE FEET <br />OF LAND <br />26,574 <br />RE -USE <br />VALUATION <br />Annual lease <br />payment: <br />$28,740; <br />Purchase <br />option: <br />$912,000 with <br />all lease <br />payments made <br />attributed to <br />purchase price. <br />s� <br />PROPOSED <br />RE -USE <br />Commercial: <br />Parking <br />Garage to <br />service a <br />development <br />project on <br />Courthouse <br />Square <br />
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