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• CONSENT G6 <br />10/8/03 <br />ITEM: Stipulation Settlement for Keller Corporation for Transfer of <br />Property on Northeast Corner of Snelling and Larpenteur Avenues <br />SUBMITTED BY: Tom Scott, Campbell Knutson <br />REVIEWED BY: Heather Worthington, City Administrator <br />EXPLANATION: <br />Summary: Last month, the city negotiated the purchase of a tract of land that will be part of the <br />new Dino's development on the Northeast corner of Snelling and Larpenteur. This land is <br />currently a roadway (Snelling Service Drive), which was transferred under an easement to the <br />city in the mid-1980's. The underlying fee title was retained by the estate of the original owner, <br />Keller Corporation. The city negotiated a purchase price of $12,850 for the underlying land. <br />The Keller Corporation has accepted this offer, and the city is now prepared to move forward <br />with a stipulated settlement for the purchase of the land in mid-October. <br />ATTACHMENTS: <br />• • Stipulation of Settlement <br />• Final Certificate <br />ACTION REQUESTED: <br />• Discussion <br />• Approval of settlement for the purchase of land adjacent to the Dino's development in the <br />amount of $12,850 <br />C <br />108339 <br />