Agenda Packets - 1998/07/13 - Laserfiche WebLink

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UNAPPROVED Page 11 June 22, 1998 Mounds View City Council require that developers include in their submittal proof of control of the Midland Videen property and what they would sell the wetland to the City for. A variation of this alternative would be to not require proof of control of the Midland Videen property. The City could select a developer based on the plan submitted, and the land bid for the City-owned parcel. The developer selected would then have to negotiate the purchase of the Midland Videen property and the City would have to negotiate with the developer to purchase the wetland outright or to purchase an easement to allow the City to do the mitigation necessary to solve the Community Center parking problem. Staff recommended that the City Council pass Resolution No. 5246 authorizing staff to enter into an option to purchase the Midland Videen property and to send out the request proposal to solicit developer interest in the developable portion of the Midland Videen property as well as the City- owned parcel created by the realignment of Edgewood Drive. Stigney asked Jopke what the appraised value of the Midland Videen property was. Ulrich stated in 1996 the property had been appraised at$330,000 for the entire parcel. Stigney asked if TIF funds would be used to purchase the property. Whiting stated that would be a logical place to take it from, and the proceeds from the future sale would be put back into that account. If the City chooses to acquire the land and not resell, different accounts might be used. Quick stated if the City decided to purchase the land they would have more latitude in dealing with the wetland mitigation and solving the parking problems for the Community Center. Stigney stated the City has a lot of control over the situation as it sits because they own half of the property being considered. He added, it was his opinion that the City did not need to purchase or option the land. The same would apply for the RFP process. The City owns half of the property and thus, half of the control of the property. "The citizens need to be in on the decision of what happens to property that the City might purchase," he added. Stigney asked if there were other options in regards to the wetland mitigation of property for the Community Center Parking lot. Ulrich told the Council there is a "wetland bank" that has been established in Columbus Township where the City could mitigate wetland for the Community Center parking lot. Cost of this process would be approximately 50 cents per square foot. The City needs to mitigate approximately 4.3 acres, which comes up to 18, 000 square feet, or$9,000. "The parking lot is very much needed at the Community Center," he added.