Agenda Packets - 1996/09/06 - Laserfiche WebLink

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we* REQUEST FOR COUNCIL CONSIDERATION Agenda Section 1 STAFF REPORT Report Number: 'iF f' e • it l i it Report Date: 9/19/96 • CITY COUNCIL MEETING DATE - '� ,r- Special Order of Bus. Egan September 23, 1996 s Consent Agenda 1'15'4'-Partner+' Public Hearings X Council Business Item Description: Consideration of the purchase of two tax forfeited properties Administrator's Review/Recommendation: -No Comments to supplement this report -Comments attached. Explanation/Summary(attach supplement sheets as necessary) Summary: The City has been notified that two contiguous properties are up for tax forfeiture. Enclosed are two maps indicating the location, size and dimensions of the lots. The tax forfeited properties are blocked and marked with lines. The other blocked lot is one currently owned by the City of Mounds View. The full lot (07-30-23-32-0016) is approximately 104'x 645' (or 67,080 square feet)with an assessed tax value of$65,500. It is a buildable lot as is. The back lot of 2946 County Road H2 (07-30-23-32-0004) has a lot size of 104'x 500' (or 52,000 square feet)with an assessed tax value of$19,400. This lot is not buildable esit does not have road access. The other lot marked on the map adjacent to the tax forfeited lots is owned y the City of Mounds View. Purchasing these two lots in the vicinity of other property owned by the City presents the possibility of redeveloping the area under the Housing Replacement Program. Listed below is a breakdown of the purchase costs for the tax forfeited properties: 07-30-23-32-0004 07-30-23-32-0016 Purchase Price $10,000.00 $32,800.00 3%Assurance Fee 300.00 984.00 State Deed Fee 25.00 25.00 Recording Fee 19.50 19.50 Ag/Con Fee 5.00 5.00 Deed Tax Stamp 33.00 108.90 T I ' • : $10,382.50 $33,942.40 T" .,er Bev an, Holding Inspector 41C01VIMENDATION: Recommend to the Economic Development Authority for approval of purchasing the two tax forfeited properties for the Housing Replacement Program.