09/11/1995 Council Packet - Laserfiche WebLink

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AGENDA ITEM 4 STAFF ORIGINATOR Brian Wessel, Community Development Director DATE September 11, 1995 TOPIC Consideration of Resolution 95-11 to enter into a purchase agreement with Anoka County for 6508 Hodgson Road ........................................................... . ............................................................. BACJGROIID Several months ago city attorney Bill Hawkins began discussions with Anoka County for the city's purchase of property at 6508 Hodgson Road. The .7- acre was seized by the county in 1989 as part of a drug forfeiture. The property has a small home and several outbuildings, and is zoned General Business. Mr. Hawkins and the county agreed to the purchase price of $61,400, the fair market value as determined by the county and required by forfeiture law. There are some questions regarding whether or not real property can be conveyed to an agency seeking forfeiture under Minnesota law. The county notified Mr. Hawkins that the city will be expected to undertake the legal proceeding to register title if it wishes to purchase the property. If title cannot be conveyed, the county will be willing to refund the purchase price. The economic development proposal is for the city to purchase the property and make it available to an appropriate commercial developer as approved by the city ;council. The intent is to facilitate a commercial use on the property that would best serve the community. The attached resolution authorizes the EDA to enter into a purchase agreement with the county and to begin proceedings to register title to the city. The agreement is contingent upon a successfully registering title. OPTIONS 1. Adopt Resolution No. 95-11 authorizing the EDA to enter into a purchase agreement with Anoka County for the purchase of 6508 Hodgson Road 2. Return to staff for further consideration 1TI> ....................... Option 1