08-11-2004 Council Agenda - Laserfiche WebLink

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Way S Wanaeh 515 Little Canada Road, Little Canada, MN 55117 -1600 (651) 766 -4029 / FAX: (651) 766 -4048 www.ci.little-canadann.us MEMORANDUM TO: Mayor Fahey & Members of the City Council FROM: Joel Hanson, City Administrator DATE: August 5, 2004 RE: Sale of a Portion of Public Works Garage Property to MnDot MAYOR Michael I. Fahey COUNCIL Jim LaValle Matt Anderson Rick Montour Bill Blesener ADMINISTRATOR Joel R. Hanson Attached are the details of the MnDot offer to purchase the southerly portion of the Public Works Garage site at 3100 Country Drive. This purchase is being pursued for ponding areas as part of the Unweave the Weave project. They have offered us $97,000 for this property (see map depicting property to be sold). This is based on a land value of $2.30 per square foot for a total of 585,627.70, an additional $7,292.22 for a temporary easement, and $4,045 for impacts to landscaping and fencing. Pursuant to our rights as a property owner, we are able to commission an appraisal for our own use in negotiating this sale to MnDot. They will reimburse us up to $1,500. The problem is $1,500 will not allow us to do a full -blown appraisal. Rather, it would have only yielded an evaluation of MnDot's appraisal and I don't believe that would be eligible for reimbursement. I have attached the appraisal information including the comparable sales data they used to generate their offer to us. Based on the comparable sales, the limited use of the property in question, and the fact I believe this sale will have a negligible impact on the remaining value of the property, I believe their offer is reasonable and worthy of acceptance. One condition of the sale is the need to obtain a quit claim deed from North Star Estates to clear a title concern. Subject to comment from the City Attorney, I would recommend we accept MnDot's offer and proceed with the sale of the property as proposed.