05-13-87 Council Minutes - Laserfiche WebLink

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MINUTES City Council May 13, 1987 Wright's were willing to accept a price of $70,000 for their home and relocation. Frattalone indicated that if the Wright structure had to be removed, he would be willing to pay $25,000 for the land value and requested that the City make up the difference in tax increment financing. Mr. Wright asked for an explanation on relocation expenses. The City Attorney reported that when a public agency exercises eminent domain and takes a person's home, that person under State law is entitled to relocation expenses up to a maximum of $15,000. The proposal of $70,000 would include compensation for the house and for relocation expenses. Fahey pointed out that the property was appraised at $64,000, therefore, the additional $6,000 would be considered relocation expenses. Mr. Wright indicated that the $70,000 was acceptable to him provided that he be allowed to take some of the shrubries and trees from the property. Fahey felt that was acceptable. Wright asked how much time he would be allowed to relocate. Blesener did not feel that vacation was a problem and noted that the developer could proceed and the road could be located anticipating removal of the Wright home. Frank Frattalone felt that 120 days for relocation was acceptable to the developers. Fahey asked the City Attorney if the property could now be platted anticipating the removal of the biright home and the developers allowed to proceed on that basis. The Attorney replied that this could be done. Scalze asked how many buildable lots the developers would gain with the addition of the Wright property. Frattalone replied that 1 1/2 lots would be gained. Blesener felt that the $46,Q00 proposed by the Planner to be obtained from the developer was high, but the $25,000 offered by the developer was too low. Council discussed the developer acquiring the property versus the City retaining it and reselling it at a later date. Page -6-