04-13-88 Council Minutes - Laserfiche WebLink

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MIPIUTES Cit.y Council Apr~il 13, 1988 School Fahey r~epor•ted that he and Collova have met with r•epr•esentatives of the Distr•ict School Distr•ict on the issues of Capitol Vie~a and Little Canada Issues Elementar•.y. The City has offer•ed the School Distr~ict $400,000 for• the purchase of Spooner Park. The School District has countered with Agenda $470,000 and the City to r~ezone the Capitol View property to ft-3. Item D Fahey r~epor•ted that he infor~med the School Distr~ict that he believed the second contingenc,y would be unacceptable to the ~ouncil. Fahey stated that he feels the two pr~oper~ties should not be tied together~, and if the School District insists, there is no point in discussing the matter fur~ther• at this time. Fahey suggested that the City counter to the School Distr•ict's counter•- proposal without any contingency on the Capitol View pr~oper•ty. Blesener• suggested a counter•-pr•oposal of $435,000, which is still in r~ange of the City's appr•aisal. The Council discussed the City's appr•aisal amount, which was felt to be too high since ther•e ar•e no utilities ser•ving the Spooner• Par•k pr•oper•ty and the Cit.y's appr~aiser~ based his appr~aisal on utilities being available. Fahey pointed out that $435,000 would be appr•oximately $20,500 oer~ acr•e which is more than what some developers have recently paid for propert,y in the City's industr•ial par•k. Fahey felt the Spooner• Par•k pr~oper•ty was wor~th less than the City's industr•ial land. f3lesener agreed it was better to untie the two properties and negotiate separ~ately on the two. Collova agr~eed. Fahey pointed out that the City's lease agr•eement with the School Distr•ict r•uns for~ at 1 east another• 10 year•s. Thi s Ci ty has fi r•st r•i ght of r~efusal on the pr•oper•ty. Therefor~e, if the School Distr•ict decides to sell the Spooner Park property, it is available for purchase by the City. Fahey felt the City should not be for•ced to accept a package deal. Scalze stated that if the two issues cannot be divorced, she was com- for~table with the inter•im r~ental of Spooner~ Par•k. Scalze noted that the School Distr•ict cannot combine the two issues and offer• the pr~oper~ty to another• pur•chaser~. Council discussed the Spooner~ Par~k lease agr•eement and r~equested the City Attor~ney to r•eview the agr•eement. Page -12-