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.til .� -�-�, . ,. REQUEST FOR COUNCIL CONSIDERATION Agenda 9.G. ,s6;:•"..!..4 ReportYumber-_ 93-647C STAFF rZeporti Daze: 10-7-93 fr . , Coyne.'mon: 0 Specal Order of Business CITY COUNCIL.MEETING DATE OCTOBER 11, 1993 0 Public Hearings 0 Consent Agenda M Council Business Item Description: Consideration of Authorizing Execution of Purchase Agreements for Golf Course Properties Administrator's Review/Recommendation: - No comments to supplement this report - Comments attached. Explanation/Summarj (attach supplement sheets as necessary.) SUMMARY; • Negotiations have concluded for the purchase of the additional property for the proposed golf course site. The provisions of the land acquisition were discussed at the October 4th Work Session and finalized at the October 7th meeting of the Golf Course Task Force. The purchase price .of Lot 16, Blaine North Star Industrial Park is $204, 504.80. The purchase price of the 2 1/2 lots of Doug Watson's property in Mounds View is $356, 604. 94 for a total land acquisition cost of $561, 109.74. In addition to the land, the City will -pay the pro-rated taxes on Lot 16 from September 20,' 1993 to the end of the year and as ,per State law, the City will be responsible for the taxes: on all the properties for 1994 (these would be 1993 taxes, payable 1994) . The land acquisition costs will be funded out of the proposed Revenue Bond, the taxes will be paid out of the Golf Course Development Fund and proceeds from the Revenue Bond. The purchase is contingent upon completion of the bond sale. • Samantha orduno, Adm nistrator 1 V • • Motion to waive the reading and approve Resolution No. 4432 Approving the Land Acquisitions for the Proposed Golf Course and authorizing the Mayor and City Administrator to execute the Purchase Agreements.