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AGENDA ITEM 6E <br />STAFF ORIGINATOR: Mary Alice Divine <br />DATE: 02/28/05 <br />TOPIC: Consideration of Resolution No. 05 -16 Approving a <br />Land Purchase, Rehbein property <br />Vote Required: Simple Majority <br />BACKGROUND: <br />As part of the Lake Drive improvement project, the city needs to acquire a' /2- <br />acre strip of property owned by Rehbein Companies just north of Outlot C on the <br />Village plat (see survey). This parcel will be used for realignment of the <br />northbound 35W ramp. This property was not included in the city's original <br />purchase of land from Rehbein Companies because Arctic Sandblasting had an <br />easement over this strip for access to its property. <br />The price of the parcel is $1.75 per sq. ft. for a total of $32,741. The purchase <br />will be covered from the proceeds of the city's sale of Outlot C to Fairview Clinic. <br />OPTIONS: <br />1. Approve Resolution 05 -16 approving the purchase of land. <br />2. Do not approve the purchase <br />3. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />