02-10-88 Council Minutes - Laserfiche WebLink

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MINUTES City Council Feb. 10, 1988 Letter~ Of The Ci ty Engi neer• r•epor~ted that the Ci ty i s bei ng r~equested to Cr•edi t r•educe the amount of the 1 etter• of cr~edi t on the Sofi e/Peter~son Sophie/ addition from $35,000 to $15,000. The City Engineer• r•epor•ted that Peter•son the wor•k has been completed and he r•ecommended appr~oval of the Addition r•eduction. Agenda The City Cler~k pointed out that the street has not been accepted by Item No. 7 the City and recommended that the letter• of cr•edit not be r•educed until the str•eet is accepted. The City Engineer suggested that he discuss this matter• with his staff and r~epor•t at the next Council meeting. Centerville The City Attorney reported that Jerry Butler, representing AIC Corporation, Road has indicated that he would like $29,655 per~ acr~e for~ their• pr~oper•ty in Pr•oper•ty & the Center•ville Road Flr•ea. Fasciana Option The Attor•ney also r•epor~ted that Dave Fr•attalone has submitted a letter• Agr•eement which indicates that he has had his pr•oper•ty appr•aised for• appr•oximately $29,000 per~ acr•e and that is what he would like for the pr~oper~ty plus tigenda the appr•aised value of his buildings. Item No. 8 The Attorney further indicated that the f3ibeau's have requested a pr•ice for• their• pr~oper~ty equal to that r•eceived by the other• pr•oper~ty owner~s in the Center•ville Road ar•ea. The Attor~ney r~epor~ted that with r•egar~d to the option agr•eement submitted to the Fasciana family for~ their• pr•oper~ty, the Fasciana's ar•e r•equesting that a R1,400 defer~red assessment, plus interest, on their property be abated. They ar•e al so r~equesti ng that they wi 11 sel 1 thei r~ pr•oper•ty to the Ci ty at whatever• pr•ice i s negoti ated for• the remai nder~ of the pr•oper•ty that the Ci ty acqui r•es i n thi s ar•ea. LaValle reported that it is his understanding that the Quality f3lacktop property owners do not have fee title to their land. The City Attor~ney r~eplied that he is assuming that Quality Blacktop can deliver• title to the City, and he does not an±icipate any problems. Sweeney suggested that the Council appr~ove the changes to the Fasciana option agreement which he outlined. The Attor•ney then suggested that the Council go into closed session following the meeting to discuss possible condemnation pr•oceedings in the Center•ville Road area. Scalze pointed out that all the pr•oper•ty owner•s involved want to sell their property, the problem is establishing a price for the property. The City Cler•k pointed out that the defer•r•ed assessment on the Page -5-