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The board asked questions regarding future value and tax impacts associated with the <br />transfer. Mr. Grochala explained that future values would be dependent on size and <br />value of future building improvements <br />President Stoesz opened the public hearing at 7:22. <br />Chris Stowe, 426 Pine Street, questioned the differences between this land which is <br />mostly wet and prior sale that was dry land that sold that the City sold for a $1. He also <br />mentioned that wetland credit in the Rice Creek Watershed District was selling for around <br />$100,000 an acre. <br />There being no further public comment President Stoesz asked for motion to close the <br />public hearing at 7:23 p.m. <br />iii. Motion to: Close the Public Hearing <br />RESULT: CARRIED [UNANIMOUS] <br />MOVER: Lyden <br />SECONDER: Cavegn <br />AYES: Rafferty, Ruhland, Lyden, Stoesz Cavegn, <br />President Stoesz asked if there was any addition staff comment. Mr. Grochala clarified <br />for the board that the property was not a certified wetland bank and could not be sold as <br />wetland credit. <br />iv. Motion to: Approve approve Resolution No. 24-01 <br />RESULT: CARRIED [UNANIMOUS] <br />MOVER: Rafferty <br />SECONDER: Lyden <br />AYES: Rafferty, Ruhland, Lyden, Stoesz Cavegn, <br />4. ADJOURN <br />A. Motion to: Adjourn <br />RESULT: <br />CARRIED [UNANIMOUS] <br />MOVER: <br />Cavegn <br />SECONDER: <br />Ruhland <br />AYES: <br />Ruhland, Rafferty, Lyden, Stoesz Cavegn, <br />