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Item No. 18 <br />melno�anduln <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: VALLEY OF THE CADDO MUSEUM <br />DATE: February 4, 2013 <br />BACKGROUND: The Valley of the Caddo Museum has a large amount of artifacts assembled <br />and as a result are looking to buy or build a structure to house and display their collections. They <br />have also talked about adding sports memorabilia and possibly other items. After evidently <br />considering a number of different sites, the group has decided their preferred location is <br />immediately west of the police station, at the corner of Clarksville and Collegiate. <br />STATUS OF ISSUE: This property, approximately 11 acres, is owned by the city, so in order to <br />sell it, we would have to get the appraised value as a minimum. A sale could be conducted either <br />through public auction or sealed bid. Representatives of the museum group are expected to <br />address the council on February 11 about the possibility of purchasing the entire acreage. <br />BUDGET: Could generate unbudgeted revenue. <br />RECOMMENDATION: Provide direction to staff as to how to proceed. <br />