02-11-13 Council Packet - Laserfiche WebLink

Home Search

418476v3 JAE LN140 -80 1.06. The City and EDA continue to market the pro perty within the Legacy at Woods Edge Development to private developers in order to get the properties back into the hands of private owners and to complete the redevelopment process originally commenced in 2004. Returning t hese properties to private ownership will result in special assessments being paid and property taxes being collected. In turn, the special assessments, abatements, and tax increments derived from the properties can be used by the City to pay debt service on the Series 2005A Bonds, the Series 2006C Bonds, and the Series 2007A Bonds. 1.07. Minnesota Statutes, Section 282.01, Subd. 1a allows the City to purchase tax -forfeited properties for fair market value. Purchasing the tax -forfeited properties within the Legacy at Woods Edge Development is not economically feasible for the City. The City has proposed to Anoka County that it take possession of certain tax -forfeited properties within the Legacy at Woods Edge Development without paying fair market value for the properties. 1.08. The City has therefore determined to seek special legislation in the 2013 legislative session that would allow Anoka County to convey to the City certain tax -forfeited properties within the Legacy at Woods Edge Development up on written request by the City without monetary consideration. 1.09. T he City is in the process of negotiating a l etter of i ntent with owners of the existing assisted living facility within the Legacy at Woods Edge Development, and with Anoka County, re garding an adjacent tax -forfeited parcel to be acquired by that entity for expansion of its facility; and that parcel will be excluded from the special legislation. 1.10. The City has determined that enactment of the special legislation described above is necessary to complete the City’s ongoing redevelopment of the Legacy at Woods Edge Development. Section 2. Approval of Special Legislation . 2.01. The City Council hereby approves efforts to obtain special legislation in the 2013 legislative session that would authorize Anoka County to convey all or a portion of the tax -forfeited properties in the Legacy at Woods Edge Development to the City for nominal consideration (excluding the parcel to be acquired for expansion of the assisted living facility). 2.02. City officials, staff and consultants are hereby authorized and directed to take any and all other steps necessary or convenient in order to obtain approval of the special legislation described in this resolution. Adopted by the City Council of the City of Lino Lakes, Minnesota, this 11th day of February, 2013. Jeff Reinert Mayor ATTEST: Julie Bartell City Clerk