HomeMy WebLinkAboutAgenda Report - July 11, 1990 (55)014
CITY COUNCIL MEETVIG
JULY 11, 1990
CITY V. DIEKMAN
cc -27(f) On motion of Council Member Reid, Olson second, :the City_
CC -30 Council approved settlement of the City ;v. Diekman,.et' al
eminent domain litigation on the followingterms
1. Total compensation ro be, $340,000, comprised
of 5280.350 already received by the owners
as probably compensation plus $59,650.
2. Interest on the differential of $59,650 at a
rate of 10% for the eeriod between April 9,
1990 and final settlement.
3. City will cooperate in annexation of the
Diekmans' remainder parcel, in the extension
of Thurman Road, and in the prezoning and
General pian amendment to an industrial
designation for the remainder parcel.