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Community Redevelopment Agency Minutes October 28, 2019 Page 2 of 4 In response to the Board's question regarding the status of a pedestrian connection from Sunset Drive to Quail Pond, Dr. Kelly Brock, Deputy Public Works Director/City Engineer stated that the City has the capability to fund the connection but is waiting on State funding. He said he is not sure what fiscal year the State would provide the funding. Dr. Brock explained that the design is about 90% completed and the cost would be about $200,000 - $250,000. He said the State would eventually fund the connection. He estimated that the State would provide 50% of the funds and the City would need to provide the balance. Ms. Glancy expressed a concern that the fountain would not be visible until the pedestrian connection was completed. Mr. Randy Newlon, City Manager, stated that the pedestrian connection was not funded in the current fiscal year. In response to the Board's question, Dr. Brock explained that the fountain would be turned off if there was not an adequate water level. Ms. Glancy asked for a motion for the authorization for the installation of a fountain in Quail Pond. Mr. Aramendia made a motion to approve the funding of the fountain. Mr. Hufford seconded the motion. The motion passed unanimously by voice vote. Fifth Item of Business: Chan Property Update Ms. Emily Hanna, Development Services Manager, reviewed staffs memo dated October 28, 2019 to the Board. Ms. Hanna stated that based on the direction from the CRA, the City Commission directed staff to acquire the Chan property located at 4725 S. Highway 17/92. She explained that the negotiations with the property owner were not well received and the City pursued taking the property via eminent domain. Ms. Hanna said on October 3, 2019 the court awarded the property to the City for $800,175. She explained there is approximately $79,330 remaining from the $1 million that was authorized to acquire the property. She explained litigation would continue until all matters regarding this item are settled and staff did not feel that the $79,330 would be enough to cover those costs. Ms. Hanna requested that the CRA authorize up to an additional $250,000 for negotiation of a final settlement. In response to the Board's question, Mr. Randy Newlon, City Manager, stated that the property's initial appraisal was $723,000. Mr. Newlon explained that the City has filed suit under eminent domain for the acquisition of the property and the City is obligated to pay the attorney fees and the costs of the respondent. He said the