Laserfiche WebLink
CITY COUNCIL <br />AGENDA ITEM 6C <br />STAFF ORIGINATOR: Michael Grochala, Community Development Director <br />MEETING DATE: June 24, 2019 <br />TOPIC: Consider Resolution No. 19-81, Approving Land Acquisition <br />from Estate of Margaret Carpenter (7685 Lake Drive) <br />VOTE REQUIRED: 3/5 <br />INTRODUCTION <br />Staff is requesting City Council approval of the land purchase of property located at 7685 Lake <br />Drive. <br />BACKGROUND <br />In 2018 the City was contacted by the Estate of Margaret A. Carpenter regarding possible <br />acquisition of the property located at 7685 Lake Drive. The property is located at the <br />intersection of Lake Drive and Marketplace Drive. Following recommendation by the City's <br />Economic Development Advisory Committee the Council authorized staff to negotiate a <br />purchase of the property. While no project is currently proposed, acquisition of the property <br />will assist with future road extension and redevelopment in the area. <br />Staff has finalized the purchase agreement with the Carpenter Estate to acquire the property in <br />the amount of $210,000. Funding for the project will be provided from the Economic <br />Development fund and Municipal State Aid Street proceeds. <br />RECOMMENDATION <br />Staff is recommending approval of Resolution No. 19-81. <br />ATTACHMENTS <br />1. Location Map <br />2. Resolution No. 19-81. <br />3. Purchase Agreement with Estate of Margaret Carpenter <br />