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The A.T. & S.F. railway company originally submitted an offer of 70 cents per <br />square foot and has reconsidered, submitting an offer of $1.25 per square <br />foot. <br />133,093 square foot @ $1.25 = $166,366.25 <br />- 4,382 square foot @ $.70 = $ 3,067.40 <br />NET $163,298.85 <br />STAFF RECOMMENDATION: <br />If Council concurs staff would recommend approval of the sale of the subject <br />excess Water Utility Property (Well Sites 18 & 19) per the recommendation of <br />the Utility Commission. This revenue is to be posted as funding sources to <br />the Water Utility enterprise less 9% Administration Cost for Engineering <br />related expenses to the General Fund totalling $14,696.89 <br />Attachments 6 <br />B:Well19 <br />