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JUL 110 N 57" <br />It was determined that Mr. Flick and his representatives <br />were present in the audience, and the Chairman asked that Mr. <br />Halback proceed with his presentati.Qn. <br />Fred Halback of Herbert Halback, Inc., informed the Board <br />that Mr. Flick did provide figures showing the different costs <br />associated with all the lots in the various blocks involved as <br />prepared by Mr. Schlitt. Mr. Schlitt has advised that those are <br />based on current sales and current asking prices, as well as some <br />of the properties they own. In the information submitted, they <br />identify the properties they currently own and also try to <br />identify where they have a verbal option with someone or they had <br />one and it is now expired. Mr. Halback noted that Mr. Schlitt <br />does have an actual sale from a recent time, which is probably a <br />fair indication of what some of the properties are. He continued <br />that what the Board asked them to do at the last meeting was, <br />first of all, obtain these numbers from Mr. Flick as an indica- <br />tion of what he may consider selling the property for, and then <br />take those numbers and plug them into the scenarios we originally <br />presented for the judicial complex, and also to take Mr. Flick's <br />properties and develop a scenario and the cost ramifications of <br />that scenario. <br />Mr. Halback first presented their original Base Master Plan, <br />explaining that the only difference is that they have taken the <br />numbers provided by Mr. Schlitt regarding land costs and used <br />them in their cost estimate. The cost for that Base Master Plan <br />based on the increased land costs they are suggesting is 17.8 <br />million. <br />Said original Base Master Plan with estimated costs is as <br />follows: <br />22 <br />