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AGENDA ITEM #3 <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: July 17, 2007 <br /> Subiect: Purchase Agreement — Lonesome Cottage <br /> Report: Attached is the purchase agreement for the sale of <br /> four of the City's industrial park lots to Lonesome Cottage. <br /> This agreement reflects the conditions of the conceptual <br /> agreement adopted by the Council on July 3, 2007. <br /> If you have any questions pertaining to the legality of this <br /> agreement, please contact prior to the Council meeting so <br /> that I can discuss the questions with our City Attorney. <br /> Council Action Requested: Council motion authorizing <br /> the City Clerk and Mayor to sign the attached purchase <br /> agreement. <br />