HomeMy WebLinkAbout2000-055 Council ResolutionCouncil Member 0,19,-Z.___SO introduced the following resolution and moved its
adoption.
CITY OF LINO LAKES
RESOLUTION NO. 00-55
A RESOLUTION DESIGNATING PROCEEDS OF SALE OF
LOTS 1 AND 2, BLOCK 2, RICE LAKE ESTATES
WHEREAS, the above lots were deeded to the city in 1988 to fulfill park dedication
requirements for the Rice Lake Estates Development; and
WHEREAS, a neighborhood park across the street was developed in 1999 including
playground equipment, swings, and a '/2 court basketball court, and trail leading to Baldwin Park;
and
WHEREAS, the above lots were put on the market on March 22, 2000 with an asking price of
$36,900; and
WHEREAS, Joe Meyer Homes submitted an offer for the full asking price on April 12, 2000.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lino Lakes, the
Council designates the proceeds of Ordinance 06-00 to the Park Dedication Fund.
Adopted by the Lino Lakes City Council this 8th day of May, 2000.
JLLL
Ry- el Gaustad, Clerk -Treasurer
Jo erges , Mayor
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
CY/kjUI. `-Zi and upon vote being taken thereon, the following voted in favor thereof: fii(y
The following against same: r3"E
Whereupon said resolution was declared duly passed and adopted.
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RD/Corr/Council/Resolution 0055, proceeds sandhill
AGENDA ITEM NO. 5B
STAFF ORIGINATOR: Rick DeGardner, Public Services Director
COUNCIL MEETING DATE: May 8, 2000
TOPIC: Resolution 00-55, Designating Proceeds of Sale of
Lots 1 and 2, Block 2, Rice Lake Estates
VOTE REQUIRED: 3/5
BACKGROUND:
Chapter XII Section 12.05 of the City Charter permits the City Council to designate the
proceeds of the sale of real property by resolution. Ordinance 06-00 relates to the sale
of two lots on Sandhill Drive for the purchase price of $36,900. It is estimated that
$33,000 will remain after expenses of the additional soil borings, title commitment, deed
tax, and closing costs are paid.
Staff and the Park Board are recommending that the City Council designate the
proceeds to the Park Dedication fund to provide revenue for parks and trails
development. Park dedication funds were used for the development of Rice Lake
Estates Park. This included playground equipment, basketball court, irrigation, seeding,
and trail leading to Baldwin Park.
If the City Council determines that the Park Dedication Fund is not an appropriate
designation for these funds, the proceeds could be placed in the General Fund and
designated for any purpose determined by council.
OPTIONS:
1. Approve Resolution 00-55 designating proceeds of Ordinance 06-00 to park
dedication fund.
2. Approve Resolution 00-55 designating proceeds of Ordinance 06-00 to General
Fund for use at City Council's discretion.
RECOMMENDATION:
Option 1
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RD/Corr/Council/greensheet/resolution designating sandhill lots