09-27-2004 EDA Minutes - Laserfiche WebLink

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EDA MINUTES SEPTEMBER 27, 2004 DRAFT 2 Jason Rud, Rud and Sons gave the history of the company, noting they are anxious to move their 46 offices to this property in Lino Lakes. He noted they have one tenant, who is a civil engineer that will 47 move with them, and gave a brief description of the type of building they would envision. 48 49 President Reinert closed the public hearing at 6:31 p.m. 50 51 City Attorney Hawkins noted a correction to the resolution, the second to the last paragraph, which 52 should read ‘Staff and City Attorney are hereby authorized and directed to prepare a purchase 53 agreement with the Buyer for the purchase of the property for the amount of $300,000.’ 54 55 EDA Member Bergeson stated he would support this action, and thinks Staff has negotiated in good 56 faith. He indicated this is not necessarily a highly saleable parcel, and he thinks the use is ideal. He 57 does not want a high traffic user close to the corner. 58 59 EDA Member Dahl disagreed, indicating she feels this is a highly prized corner as well as being 60 lakeshore. She did agree Staff did a good job bringing this offer. 61 62 Community Development Director Grochala offered that the plat includes a portion of the lake, so 63 nearly half of the six acres is lake, and the remaining land is further encumbered with easements. He 64 stated after applying setbacks, the area you could actually place a building on is about a half acre 65 parcel, therefore the appraiser averaged out the square footage values and came up with an appraisal 66 of $300,000. He noted they are getting more out of this parcel than Staff thought possible. 67 68 EDA Member Stoltz expressed his support for the sale and for Staff’s process for determining fair 69 market value. He added this parcel has been dormant on the tax rolls so the longer the City delays the 70 sale the longer the lack of income will continue. He agreed it is a gateway to the community, and 71 believes the Rud and Sons building would be a great addition to the community. 72 73 EDA Member Carlson noted the ponding and following easement agreement is important to her, and 74 she thinks $300,000 is an appropriate bid, so she will support. 75 76 President Reinert echoed the comments that this is a good use of land. He indicated he agrees with 77 EDA Member Carlson that they should save lakeshore when they can, but would like to see it be 78 useable lakeshore and not just add maintenance for the City. 79 80 EDA Member Bergeson moved to adopt Resolution No. 04-02 authorizing the sale of property at the 81 northeast corner of Highway 23 and Highway 49, with the correction noted by City Attorney 82 Hawkins. EDA Member Stoltz seconded the motion. 83 84 Motion carried unanimously. 85 86 ADJOURNMENT 87 88 There being no further business, EDA Member Carlson moved to adjourn. EDA Member Bergeson 89 seconded the motion. Motion passed unanimously. 90