03-09-2020 Council Packet - Laserfiche WebLink

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CITY COUNCIL AGENDA ITEM 6F STAFF ORIGINATOR: Michael Grochala, Community Development Director MEETING DATE: March 9, 2020 TOPIC: Consider Resolution No. 20-24, Approving Amended Stipulation Agreement, NE Drainage Improvement Project. VOTE REQUIRED: 3/5 INTRODUCTION Staff is requesting City C ouncil approval of the Amended Stipulation Agreement with the Leibel Property ownership group , regarding the NE Lino Lakes Drainage Area Improvement project. BACKGROUND In March of 2019, the City Council authorized acquisition of property by eminent domain for the NE Drainage Improvement Project. The City continued to negotiate directly with the Leibel ownership group throughout 2019. This process included coordinating efforts with a private developer interested in the balance of the property. On November 20, 2019, the City Council approved a Stipulation Agreement with the Leibel Family regarding purchase of their property. Under the agreement, the property owners concurred with public purpose of the condemnation and agreed to the amount of compensation, but retained the ability to seek additional compensation if the developer acquisition was not completed. The original dates in the agreement established a deadline for the owners and developers to enter into a Purchase Agreement by March 1, 2020 and close on the property by April 1, 2021. All parties have worked diligently to meet these requirements however, additional time is needed. Accordingly, the purchase agreement deadline and the closing date are proposed to be changed to June 1, 2020 and July 1, 2021, respectively. The City Attorney has reviewed the proposal and is recommending approval of the agreement. RECOMMENDATION Staff is recommending approval of Resolution No. 20-24. ATTACHMENTS 1. Resolution No. 20-24 2. Amended Stipulation Agreement 3. Property Acquisition Map