Minutes - 1977/02/14 - Laserfiche WebLink

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February 14, 1 077 Page 11 SALE OF EXCESS PROPERTY LOCATED AT 1347 EASTWOOD DRIVE AID 2100 COUNTY ROAD J administrator Achen stated that the City owns two parcels of land acquired during Improvement iProject 1973 -4.' There s a potential for eight lots. Administrator Achen explaine tha the City has been approached regarding selling these lots. The Attorney had advised the City that they c;an legally, negotiate for :the sale of these as they deem necessary.; AdministratorAchen stated that he felt it would protect the City's interest best if the sale was made as publicl as possible to avoid any criticism. The Administrator recommended the Council establish a`public sale through notifying the contractors that are working in the City. Administrator Achen explained that the bonds for Project 1973 -4 were reduced under the assumption that the City ';would sell these properties and the money would pay that part of the debt. Administrator Achen suggested that the Staff prepare a description of the property and its potential and send it, along with the notice, to contractors that have done work in the City last year and this year. Attorney Meyers suggested that proposals be submitted instead of bids. The City still retains the right to reject any proposal. The City; will want to recover a certain amount. Attorney Meyers pointedout that these properties were assessed for public improvements. The gross proceeds would pay the assessments off or if the assessments are left on the property, the buyer will have to understand this. Mayor Pickar questioned sending letters to the local realtors. Administrator Achen stated that problems may arise with doing thi s because sometimes the firm is just a holding company. An unidentified realtor from Mounds View stated that he felt the suggestions by Mr. Achen were good since covering the builders twill be notifying everyone. Mayor Pickar asked if any other publications could be used. Administrator Achen stated that notice could be put in both metropolitan newspapers. Councilmeiiber Ziebarth asked if the appraised value was public infor- mation. Attorney Meyers stated that it was but hr had only heard a verbal appraisal so far. This appraisal was that with assessments in and paid for, the lots were averaging about "1'i,1 per lot. Administrator Achen asked if the City should indicate that there are certain assessments and what tha City wants to net from the sale. Attorney !Meyers stated that he thought this would be a;_,: ropri ate. MSP (Daungartner- Robley) to authorize the City to accept proposals for the purchase of certain City owed property, as Bore fully set forth in notice, and written proposals Lc o h: net o, 'arc at 11;x1'1 and the award to L wade on arc% 1^: 1 ^77. J z 4 ayes