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AGENDA ITEM 4 <br />STAFF ORIGINATOR: Mary Alice Divine <br />DATE: 2/23/04 <br />TOPIC: Public Hearing: Consideration of Resolution No. 04- <br />01 Authorizing the Sale of Property at 6508 Hodgson <br />Road <br />VOTE REQUIRED: 3/5 <br />BACKGROUND: <br />In 1995 the city purchased from Anoka County a .7 -acre property known as the <br />"Kaiser" property on the northeast corner of Birch Street and Hodgson Road. <br />The property has a small abandoned home and several outbuildings, and is <br />zoned General Business. The purchase price was $61,400. <br />The intent for the use of the property was to make it available for commercial <br />development. However, the county later concluded that it needed a significant <br />amount of the parcel for right of way for future reconstruction of Hodgson <br />Road. <br />The Anoka County has agreed to purchase the parcel back from the city for <br />the amount of $88,400. The county intends to retain a portion of the parcel <br />for right -of -way and will subsequently offer the remainder of the land to the <br />owner of Apitz Garage for potential expansion of that facility. <br />OPTIONS: <br />1. Open the Public Hearing <br />2. Continue the Public Hearing <br />RECOMMENDATION: <br />Option 1 <br />• <br />