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determined by the appraisals,the transaction is presumed fair to both the City and the acquiring <br /> entity. <br /> Under that section of Indiana law, the City may negotiate a sale or transfer of the <br /> property for the value that has been determined under that Code section. <br /> Leone also indicated that because the sale of this property is subject to an injunction <br /> issued in Federal Court, that the City would file a motion in the injunction case to seek approval <br /> from Judge Miller that the method of sale, as proposed, does not violate the Court's injunction. <br /> He also indicated that the City has not yet made a determination whether to appeal the <br /> ruling that the Court issued on Wednesday. <br /> For more information please contact: City Attorney Chuck Leone, 235-9241. <br />