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EDA MINUTES SEPTEMBER 27, 2004 DRAFT 46 Jason Rud, Rud and Sons gave the history of the company, noting they are anxious to move their 47 offices to this property in Lino Lakes. He noted they have one tenant, who is a civil engineer that will 48 move with them, and gave a brief description of the type of building they would envision. 49 50 President Reinert closed the public hearing at 6:31 p.m. 51 52 City Attorney Hawkins noted a correction to the resolution, the second to the last paragraph, which 53 should read `Staff and City Attorney are hereby authorized and directed to prepare a purchase 54 agreement with the Buyer for the purchase of the property for the amount of $300,000.' 55 56 EDA Member Bergeson stated he would support this action, and thinks Staff has negotiated in good 57 faith. He indicated this is not necessarily a highly saleable parcel, and he thinks the use is ideal. He 58 does not want a high traffic user close to the corner. 59 60 EDA Member Dahl disagreed, indicating she feels this is a highly prized corner as well as being 61 lakeshore. She did agree Staff did a good job bringing this offer. 62 63 Community Development Director Grochala offered that the plat includes a portion of the lake, so 64 nearly half of the six acres is lake, and the remaining land is further encumbered with easements. He 65 stated after applying setbacks, the area you could actually place a building on is about a half acre 66 parcel, therefore the appraiser averaged out the square footage values and came up with an appraisal 67 of $300,000. He noted they are getting more out of this parcel than Staff thought possible. 68 69 EDA Member Stoltz expressed his support for the sale and for Staffs process for determining fair 70 market value. He added this parcel has been dormant on the tax rolls so the longer the City delays the 71 sale the longer the lack of income will continue. He agreed it is a gateway to the community, and 72 believes the Rud and Sons building would be a great addition to the community. 73 74 EDA Member Carlson noted the ponding and following easement agreement is important to her, and 75 she thinks $300,000 is an appropriate bid, so she will support. 76 77 President Reinert echoed the comments that this is a good use of land. He indicated he agrees with 78 EDA Member Carlson that they should save lakeshore when they can, but would like to see it be 79 useable lakeshore and not just add maintenance for the City. 80 81 EDA Member Bergeson moved to adopt Resolution No. 04-02 authorizing the sale of property at the 82 northeast corner of Highway 23 and Highway 49, with the correction noted by City Attorney 83 Hawkins. EDA Member Stoltz seconded the motion. 84 85 Motion carried unanimously. 86 87 ADJOURNMENT 88 89 There being no further business, EDA Member Carlson moved to adjourn. EDA Member Bergeson 90 seconded the motion. Motion passed unanimously. 2