01-25-2006 Council Agenda - Laserfiche WebLink

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• Purchase Agreement form may need revisions to our standard format pursuant to the direction of the City Attorney. ▪ Note: Outdoor storage concept has been revised to meet BW allowances. Fencing, screening, and covenant details still needed to ensure long -term compliance. TOPC: ▪ Wants City to provide easement between vacated road right -of -way and existing driveway. However, it appears that property is owned by the State of Minnesota according to County records. The City cannot agree to this provision. • Earnest money to be held by C.I. Title. Staff would recommend the City hold it. • Wants Phase I environmental audit paid at our expense. The City did a Phase I Environmental Site Assessment and Limited Phase II when we were considering the site for our Public Works Building. (February of 2002). Staff would recommend we provide a copy of that report and any further work would be at Buyer's expense. ▪ Wants City to obtain legal description for easement area describe in first bullet point above. It appears Buyer would need to work with MnDot in this regard. • Wants City to define or locate sign easement owned by Naegele, Inc. Staff feels the City can cooperate in this regard, but cannot guarantee an outcome. a Wants City to define or located west boundary line involving the vacation of Jackson Street. Staff feels the City can cooperate in this regard with no assurances as to where title is vested. • Wants City to define or locate snow fence easement owned by railroad to ensure it does not interfere with Buyer's use of property. Staff feels City should accommodate this request. • Soils Contingency • Financing Contingency • Broad Contingency on "all matters which Buyer deems reasonably necessary for its intended development of the Real Estate ". Staff feels this is overly broad. ▪ Ability to utilize "easement area" for storm water. Staff feels this could be a concern to the extent we do not control this issue. (See Paragraph #5) ■ City approval contingency on property use. ■ Wants City to pay deed taxes associated with the recording of the warranty deed. This is typically a Buyer's cost. ▪ Purchase Agreement form may need revisions to our standard format pursuant to the direction of the City Attorney. Other materials are attached to assist you in the evaluation of these offers. The City Attorney should be prepared to comment on any additional concerns or revisions he feels are necessary prior to a decision being made.