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sale arcade easement/ brown mackie 2/2/1988129 South 8th PA. Box 380 Salina. KS 674024M CITY ATTORNEY GREG A. BENGTSON (913) 823-6325 February 2, 1988 Robert B1,16s CiXnao%ansas rk P.736 S 67402-0736 Re: Sale of Arcade Easement to Brown Mackie Corporation Dear Bob: Enclosed are the following items: (1). Fully executed agreement for sale of the arcade easement by the City to Brown Mackie Corporation dated January 29, 1988. (2). Brown Mackie College Check $28995 dated February 1, 1988, in the amount of $2,300 in payment of the first installment under the agreement. I met this morning with Tom Williamson, counsel for Brown Mackie Corporation, to close on the sale of the arcade easement. In exchange for the Release of Permanent Easement I was given the enclosed check in the amount of $2,300 in payment of the first install- ment under the agreement. As you may recall from the agreement, the total purchase price of $11,500 is to be paid in five annual installments of $2,300 each, plus accrued interest at the rate of 68 per year. You should receive each of the subsequent annual payments by February 1st of each year. you. If you have any questions, please call. Thank Sincerely, CITY OF SALINA,.KANSAS Greg A. Bengtson City Attorney GAB/dg Enclosures cc: Bill Barris, City Manager Dean Boyer, City Engineer Don Hoff, Asst. City Engineerf Reith Rawlings, Risk Manager MEMBER... KANSAS LEAGUEOFMIJAX- MES . NATIONAL LEAGUE OFCMES