HomeMy WebLinkAbout2019-081 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 19-81
APPROVING LAND ACQUISITION FROM COMCAST CCH SUBSIDIARY
HOLDINGS, INC.,
WHEREAS, the City was approached by the Estate of Margaret A. Carpenter to acquire certain
real property located at located at 7685 Lake Drive; and
WHEREAS, the City has determined it to be in the best interest of the public to purchase the
property for future road and redevelopment purposes; and
WHEREAS, the City has reached an agreement with the Estate of Margaret A. Carpenter to
acquire said property.
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes, that
the City approves the purchase of the property from the Estate of Margaret A. Carpenter. The
Mayor and City Clerk are hereby authorized and directed to execute a purchase agreement and
other documents as may be necessary in order to purchase the Property.
Adopted by the Council of the City of Lino Lakes this 24th day of June, 2019.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Manthey and was duly seconded by Council Member Stoesz and upon
vote being taken thereon, the following voted in favor thereof:
Manthey, Stoesz, Rafferty, Maher, Reinert
The following voted against same:
none
Jeff Reinert V'. or
ATT)ST:
Juliapine Bartell, Ci}iy Clei
CITY COUNCIL
AGENDA ITEM 6C
STAFF ORIGINATOR: Michael Grochala, Community Development Director
MEETING DATE: June 24, 2019
TOPIC: Consider Resolution No. 19-81, Approving Land Acquisition
from Estate of Margaret Carpenter (7685 Lake Drive)
VOTE REQUIRED: 3/5
INTRODUCTION
Staff is requesting City Council approval of the land purchase of property located at 7685 Lake
Drive.
BACKGROUND
In 2018 the City was contacted by the Estate of Margaret A. Carpenter regarding possible
acquisition of the property located at 7685 Lake Drive. The property is located at the
intersection of Lake Drive and Marketplace Drive. Following recommendation by the City's
Economic Development Advisory Committee the Council authorized staff to negotiate a
purchase of the property. While no project is currently proposed, acquisition of the property
will assist with future road extension and redevelopment in the area.
Staff has finalized the purchase agreement with the Carpenter Estate to acquire the property in
the amount of $210,000. Funding for the project will be provided from the Economic
Development fund and Municipal State Aid Street proceeds.
RECOMMENDATION
Staff is recommending approval of Resolution No. 19-81.
ATTACHMENTS
1. Location Map
2. Resolution No. 19-81.
3. Purchase Agreement with Estate of Margaret Carpenter
General Location Map
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