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CITY COUNCIL AGENDA ITEM 6 -A STAFF ORIG INATOR: Mary Alice Divine MEETING DATE: February 25 , 2013 TOPIC: Consideration of Resolution No. 13 -20 Approving Efforts to Seek Special Legislation Authorizing Conveyance o f Certain Tax - Forfeited Land from Anoka County to the City of Lino Lakes VOTE REQUIRED: 3/5 INTRODUCTION A resolution by the City of Lino Lakes City Council is required when seeking special legislative authority to allow Anoka County to convey the tax forfeited properties within the Legacy at Woods Edge development without monetary consideration. BACKGROUND Earlier this evening the Lino Lakes Economic Development Authority considered a resolution to obtain special legislation for the purpose of obtaining all the properties within the development without monetary consideration. This request for legislation is based on the reasoning that the outstanding assessments are greater than the market value of the properties, so all the proceeds of a sale would be returned to the City to pay those outstanding assessments, as required by state law. There is no net loss to any other taxing jurisdiction through reconveyance of the properties, and this eliminates the need for a parcel by parcel purchase from th e County for the purposes of development. The parcel that is proposed to be purchased by the Lino Lakes Assisted Living is exempt from this proposed legislation. If the City is able to convey parcels to private parties for more than the amount of the asse ssments, the bill provides that the City will return 10 percent of the gross sale proceeds to the County for redistribution to taxing jurisdictions. This language provides a potential recovery of a portion of the delinquent taxes if the market conditions p ermit. RECOMMENDATION Approve Resolution No. 13 -20 ATTACHMENTS 1. Resolution No. 13 -20