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City of <br />Pequot <br />Lakes — - <br />AGENDA ITEM #10.2 <br />REPORT TO <br />CITY COUNCIL <br />Report Prepared by: Sandy Peine, City Clerk <br />Date: August 6, 2013 <br />Subiect: Consider Property Purchase <br />Report: The Council previously requested Council <br />Member Sjoblad to inquire about the sale price of the <br />Buschmann property. Council Member Sjoblad has <br />reported that the property is for sale and that the asking <br />price is $30,000. <br />Cities do have the authority to purchase property. In this <br />case, the only requirement would be that the Planning <br />Commission review the proposed acquisition and report on <br />whether it will comply with the City's comprehensive plan. <br />Council Action Requested: Council discussion on the <br />merit of purchasing the property. <br />