02-25-1998 Council Agenda - Laserfiche WebLink

Home Browse Search

ACQUISITION GUIDELINES RICE STREET /LITTLE CANADA ROAD REDEVELOPMENT AREA This document intends to reflect the City of Little Canada's position relative to the acquisition of properties in the Rice Street /Little Canada Road redevelopment area. These guidelines will need continuous monitoring and revision to adapt to conditions within the redevelopment area over time. It must also be understood that future City Councils may choose to take a different approach to property acquisition than what is recommended by these guidelines. The specific guidelines we have proposed at this time are as follows: * The City will acquire parcels as necessary to implement the development guide. * Options to purchase should be sought on all residential properties under the redevelopment area that do not abut Round Lake. (five properties) Options to purchase would be based on the principle that the owner /occupant could occupy the property as long as he /she /they determine necessary. At the time they no longer occupy the property, the City could purchase based on a value established by a mutually agreed upon, independent appraiser. * Residential properties abutting Round Lake should be acquired as they become available. Initial focus should be on those properties including and west of 34 East Little Canada Road due to their more limited lot features and their proximity to the primary redevelopment area. (Please note that options to purchase could also be considered in this area. With one parcel already owned by Ramsey County and the Favis parcel achieving tax forfeit status, it would seem that emphasis between these two parcels is a logical initial focus. Also, values associated with 52, 56 and 60 East Little Canada Road would be proportionately higher than other properties on a lake. The use of park acquisition funds to assist in these acquisitions should be considered.) -1- Page 12