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1 ^/�y <br />7u.r <br />by separate conveyance would result in City inheriting land title problems: <br />Attorney for Leslie Properties stated it was still not known where parcels were to <br />be located for dedication of park lands and necessary easements which might be <br />present; therefore, it was not possible to guarantee clear title to the City on <br />lands to be dedicated. (2) concerns expressed for costs to City for purchase and _ <br />maintenance of park lands in this District, with a possible detriment to City's park <br />priorities in preference to those proposed in the District. <br />City Manager pointed out that parks in the Shores area are City parks the same as in <br />any other area, and maintenance of all City parks is by City taxes raised from all <br />citizens, with City Council controlling budget funds and proposed expenditures. <br />(3) clarification of basis of cost computation on purchase of land in the District <br />as to fair market value or reclamation costs. Councilman Keckley explained the <br />alternatives stated in the report. <br />Attorney for Leslie Properties advised purchase of land in the District would pre- <br />sumably be on the basis of same formula as is used by City in acquisition of any <br />other land with appraisals and negotiation or condemnation proceedings. (4) concern <br />expressed for overlapping of this policy of park lands with that of school dis- <br />trict parks. <br />City Manager stressed the fact that this policy only involved neighborhood parks <br />and did not involve school districts, community or regional parks. A slide was <br />also shown indicating how "land bank" policy proposed would result in greater <br />park areas by combining small parcels to make a more desirable "open space" <br />available. (5) question concerning indication of a future bond issue and variance <br />in amounts previously mentioned. <br />City Manager stated one amount quoted in his report was in error, as $4,462,000 <br />is the correct figure for park & recreation element for the District. <br />Discussion was held on the need for an additional bond issue to fund park develop- <br />ment and the fact that Leslie as the sole property owner had agreed to vote for such <br />bonds. Councilman Petersen felt questions on this point had been thoroughly <br />clarified. Staff pointed out once more that the proposed park dedication policy <br />referred only to neighborhood parks and in no way affected a Community or Regional <br />park if proposed for the District. <br />Motion to adopt Resolution carried on roll call vote, Councilman Granger and Hen- <br />derson, voting no, Councilmen Bury, Keckley, Petersen, Rosselli & Mayor Herkner <br />voting yes. <br />Request of David Avrech, owner of Dickson Fabric Store, 2610 Broadway, for a Closing - <br />Out Sale Permit, presented for consideration. Staff report stated the owner intends <br />to retire from business and must liquidate his stock. Required fee and deposit has <br />been received; inventory has been submitted and checked. <br />Owner requests a 90 -day period for his liquidating sale, beginning on September 25th, <br />due to the nature of the stock involved. City Manager stated after the inventory <br />Bull '67 <br />