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Minutes - 1992 - City Council - 05/16/1992 - SpecialEAGLE CITY COUNCIL SPECIAL MEETING MAY 16, 1992 1:00 p.m. A special meeting was held at Eagle City Hall on May 16, 1992 regarding acquisition of the Mendiola property. Those members in attendance were: YZAGUIRRE, EASON, BASTIAN, BLAIR Moved by YZAGUIRRE and seconded by EASON to go into executive session in order to discuss the acquisition. ALL AYE.. MOTION CARRIED. The regular session resumed at 1:55 p.m. Moved by EASON and seconded by BASTIAN to advise Mendiola the City made an offer, he has the option to accept that offer and remove the liability to the City. If the property should sell for more than we purchased it we will pay the difference back to him up to $90,000. ALL AYE: MOTION CARRIED. Moved by EASON and seconded by BASTIAN to amend the motion to include giving the City Attorney the authority to pledge $10,000 toward the purchase. ALL AYE: MOTION CARRIED. Moved by EASON and seconded by YZAGUIRRE to go back into executive session to discuss possible litigation. The regular session resumed at 2:05 p.m. General discussion was held regarding the City of Eagle Water Co., the contract and ordinance. Motion to adjourn by EASON seconded by YZAGUIRRE. The time was 2:45 p~.~..ALL AYE.. MOTION CARRIED. Re~u 1 ly ~mi~d :~, ' MAYOR STEVE GUERBER Barbara M~~ ~%~.