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I I MR. STAPLETON: MR. BORGER: MR. STAPLETON: MR. BORGER: ,,-VI speculation. The best we can say to you now however is that our preliminary calculations show that any revenue required to the City of Littleton would be between $500,000 and $750,000. We will go to the voters of the community saying, 'We need authorization to spend within the range of $500,000 to $750,000 to fund this project. It is our further belief that that is a reason- able alternative - to ask the local people for half a million dollars to buy 400 acres of park land. I might add that we have never lost a bond issue. In the last bond issue we approved for parks in the city of Littleton irrespective of South Suburban, was for $121,000. It was passed by reasonable majority." "I am just trying to get the feel of it. What you want to pay for the land and what a court unjer condemnation will award are sometimes not indentical." "We will pay the fair market value of the land and if it goes to condemnation, the court will decide what the value is. We will pay no more than the fair market value of the land and no less for it." "The question still is - What is the fair market value and you are not going to know until either you get the property bought or it goes to condemnation and there is an award, and I won't g.o into it any further. I think you are certainly optimistic that you can acquire that much acreage for that little price. But I won't pursue it further. You may be better negotiators than nearly any other county I know of." "Let me clearly state to you, that if you take the $500,000 and if you divide it into the 400 acres, let's say that we are going to pay 11 or 12 hundred dollars an acre. That is not the point. The point is that our share of the four-part funding program - we are saying that the state will acquire the 94 acres as they have been authorized to do, that is 20% of the project right there.