11/24/1997 Council Minutes - Laserfiche WebLink

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• • COUNCIL MINUTES NOVEMBER 24, 1997 and will accommodate future development with controls set at present to accommodate the current need. Mayor Landers asked about MUSA designation. Mr. Ahrens explained that the request for MUSA designation for this property was approved by Council this past summer for the ultimate development of Behm's Century Farm. Council Member Bergeson moved to adopt Resolution No. 97 - 168, as presented. Council Member Neal seconded the motion. Motion carried, with Council Member Lyden voting no. Resolution No. 97 - 168 can be found at the end of these minutes. OLD BUSINESS Attorney's Report - City Attorney Hawkins stated that approximately one month ago Council authorized Mr. Wessel to negotiate with James Funkhauser for the purchase of his property adjacent to the property previously purchased from the Rehbeins. Mr. Wessel negotiated an agreement in principal with Mr. Funkhauser, which was followed by the drafting of a formal purchase agreement for the subject land, which is east of the Rehbein property. The price reflected in this draft agreement is $1.75 per foot, which is the amount agreed to by Council as well as the amount paid to Mr. Rehbein. The total acquisition price if $515,435. A down payment will be made in the amount of $167,000, with the balance to be paid in monthly payments. Attorney Hawkins reminded Council that the purchase of this land is necessary for location of the new police facility, a driveway access, and potential future commercial development. He requested authorization of Council to approve the purchase agreement and to authorize the Mayor and City Clerk to execute this and any other necessary documents to consummate this transaction. Council Member Kuether asked about funding for the proposed monthly payments. Attorney Hawkins indicated that the terms of the agreement with Mr. Funkhauser differ from those negotiated with Mr. Rehbein, in that Mr. Funkhauser insisted to be paid monthly. However, he is not aware of the precise fund from which these payments will be made. Council Member Kuether asked the amount of the monthly payments. Attorney Hawkins indicated that the contract provides for a five-year payout term with monthly payments of $2,317 at 8% interest. Council Member Lyden moved to authorize approval of the purchase agreement and to authorize the Mayor and City Clerk to execute this and any other necessary documents required to consummate this transaction. Council Member Neal seconded the motion. Motion carried, with Council Member Kuether voting no. NEW BUSINESS 17