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Railroad Memo <br />January 9, 2009 <br />Page 4 <br />Conclusion <br />While the process has been long and arduous, staff is pleased with the final product. This parcel <br />represents one of the last parcels to be acquired in the Northwest Quadrant. We will have legal counsel <br />from Kennedy & Graven present, as well as a representative from MT Properties, if there are any <br />questions about the agreement. if approved on Tuesday night, the plan is to close on the property as <br />early Wednesday (January 14th) <br />Grant FernehiusJ <br />Community Development Director <br />• <br />is <br />