09-12-2012 Council Agenda - Laserfiche WebLink

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et 40 - s' S eana %a MAYOR Bill Blesener COUNCIL Rick Montour John Keis Michael McGraw Shelly Boss 515 Little Canada Road, Little Canada, MN 55117 -1600 ADMINISTRATOR (651) 766 -4029 / FAX: (651) 766 -4048 Joel R. Hanson www.ci.little-canada.mn.us MEMORANDUM TO: Mayor Blesener and Members of the City Council FROM: Joel Hanson, City Administrator DATE: September 7, 2012 RE: Potential Purchase of Property at 3006 LaBore Road At our last meeting, we were approached regarding the possibility of purchasing a good portion of the property at 3006 LaBore lying east of the existing home. This property may prove useful as a route for a sanitary sewer line should the area near 3046 LaBore redevelop. Another potential use would be for trails on the east end of the property based on our master trail plan for this area. Finally, there could be some development potential depending on how the property at 3000 LaBore is subdivided. As was stated at our last meeting, all of these uses are highly speculative at this time. Redevelopment at 3046 LaBore does not look very promising given one the of the property owner's asking price was well beyond what a redevelopment project could support. Another property owner is in the process of selling his home so that parcel could also be out of the equation Development potential associated with 3000 LaBore Road is also very questionable. The existing topography will likely require substantial grading. Couple that with uncertainty about how the site will be accessed makes this possibility highly questionable today. The potential for trail usage may be the strongest candidate but even that need could be well out into the future, again largely dependent upon the development of 3000 LaBore. Mr. Meemken is asking $14,000 per acres for 2.3 acres ($32,200). Based on past appraisals for a fee taking for water and sewer lines, the land value was $1.50 per square foot. This property is 100 feet wide. If we assume to 20 -foot swaths are needed for the sewer line and the trail that yields a price of $6,000. If eminent domain we needed to acquire the property, the process portion would run around $15,000, yielding a total cost of $21,000. (Assuming eminent domain could be considered a reach given we are not contemplating that at this time given the need for the property is minimal at present.) One problem we need to deal with is we cannot create a parcel without improved access unless we plat it as an outlot. This would involve platting the entire Meemken parcel with the exiting house and the land proposed to remain with it as a lot/block description and the land the city would acquire would be listed as an outlot. As stated in the discussion of 3046 LaBore Road, to plat both properties together would run between $10,000 and $15,000 (rough estimate) and this