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6.2. SR 12-19-2005 Item # 6.2. MEMORANDUM TO: Mayor and City Council FROM: Lori Johnson, Finance and Administrative Services Directorllnterim City Administrator DATE: December 19,2005 SUBJECT: Update on Pinewood Letter of Intent Mayor Klinzing has had an opportunity to visit with Mr. Krause regarding the Pinewood appraisal reviewed at the December 5 Council meeting and the Letter of Intent currendy on the table. The Mayor will provide a verbal update to the Council at Monday's meeting. S:\Council\Lori\200S\Pinewood Update 12 19 OS.doc