08-11-2010 Council Minutes (2) - Laserfiche WebLink

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CITY COUNCIL WORK SESSION August 11, 2010 APPROVED 173 A council member noted that sometimes it's simply a matter of the city not standing in 174 the way. There could also be examples of what has worked in other areas. 175 Community Development Grochala suggested that the council may want to wait until the 176 comp plan update is completed and, in the meantime, direct staff to start inventorying 177 properties. 178 A council member suggested that the EDAC could be the task force, with staff providing 179 assistance to their work. The council will look forward to updates. 180 8. Legacy Update—Economic Development Coordinator Divine reported that the 181 council heard earlier in the year about an offer that staff was to present to Anoka County 182 proposing the city's purchase of the land (Legacy property) at the value of the delinquent 183 taxes and to be paid for as the property was sold for development. The county responded 184 that they must sell the property at the appraised value and that is substantially higher than 185 the city's proposal. Discussion with the county has continued and the property is now in 186 forfeiture although the banks who forfeited have a one year repurchase period. Staff 187 proposed to the banks that if they were going to let the property go, could they just deed 188 the property to the city; that idea did not fly with the banks. It is unlikely that the banks 189 will step forward to repurchase the property since a pending development is probably the 190 only way that would happen. 191 Community Development Grochala added staff is also considering a public/private 192 partnership with the banks that would impact the tax status. Also there were some 193 statutory changes this year regarding tax forfeited property that could impact the county's 194 ability to sell the property below value. 195 9. September Work Session Schedule—Based on the Labor Day holiday, the 196 September work session was rescheduled to September 7, 2010, 5:30 p.m. 197 198 REVIEW REGULAR AGENDA ITEMS 199 200 There were no changes to the regular Council agenda. 201 202 The meeting was adjourned at 10:05 p.m. 203 204 These minutes were considered, corrected and approved at the regular Council meeting held on 205 September 13, 2010. 206 207 208 209 210 Julian e Bartell, City Cler Jeff Reinert, Mayor 211 5