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• <br />• <br />• <br />AGENDA ITEM NO. 5A <br />STAFF ORIGINATOR: Rick DeGardner, Public Services Director <br />COUNCIL MEETING DATE: April 24, 2000 <br />TOPIC: FIRST READING, Consideration of Ordinance No. <br />06 -00, Offering the Sale, by the City of Lino Lakes, of <br />Lots 1 and 2, Block 2, Rice Lake Estates <br />VOTE REQUIRED: 4/5 <br />BACKGROUND: <br />Two lots on Sandhill Drive were deeded to the city in 1988 to fulfill park dedication <br />requirements for the Rice Lake Estates Development. <br />Last year, the Parks Department completed the neighborhood park behind the well <br />house on Sandhill Drive. This park consists of playground equipment, swings, and a'/ <br />court basketball court. A trail leading to Baldwin Park is also complete. <br />The Tots were put on the market on March 22, 2000 with an asking price of $36,900. <br />Significant soil correction will be necessary to provide a suitable building pad. An offer <br />of $32,900 was rejected on April 3. Joe Meyer Homes submitted an offer for the full <br />asking price on April 12. The purchase agreement is contingent upon two additional soil <br />borings being conducted at the city's expense (not to exceed $500) to ensure that the <br />existing soils are acceptable. The purchase agreement is also contingent on City <br />Council approval <br />Staff and the Park Board are recommending to sell the property with the proceeds <br />designated to the Park Dedication fund to provide revenue for parks and trails <br />development. Assuming the first and second readings of Ordinance No. 00 -06 are <br />approved, a Resolution designating the proceeds to the Park Dedication Fund will be <br />presented to the City Council for consideration. <br />OPTIONS: <br />1. Approve Ordinance No. 00 -06 selling Lot 1 and Lot 2 <br />2. Do not approve Ordinance No. 00 -06. <br />RECOMMENDATION: <br />Option 1 <br />4/19/00 <br />RD /Corr /Council /greensheet/selling lots sandhill drive <br />