Agenda Packets - 2004/06/14 - Laserfiche WebLink

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Mounds View City Council May 24, 2004 Regular Meeting Page 15 1 Council Member Stigney indicated that government cannot do everything for the people. He 2 then said there is a drop box and there are mailboxes so there are ways of making payments. He 3 further commented that automatically withdrawn payments are available through the City. 4 5 Ayes – 2 Nays – 3(Linke/Marty/Stigney) Motion failed. 6 7 M. Resolution 6264 Authorizing Staff to Enter into a Purchase Agreement to 8 Acquire the Commercial Property at 2525 County Road 10 in Mounds View. 9 10 Economic Development Coordinator Backman indicated that the EDA had authorized Staff to 11 obtain an appraisal and that is before Council for consideration. He then said that the value 12 placed on the property by the appraiser is $819,000. 13 14 Economic Development Coordinator Backman outlined the benefits to purchasing the site. 15 16 Economic Development Coordinator Backman indicated that, if the City is interested in 17 acquiring this property, the time to buy it is when it is on the market and the owners are 18 motivated to sell it because this is a better price than if the City had to force a sale. He then 19 suggested a price around $800,000. 20 21 Mayor Linke indicated that if the City pays $800,000 he would want all the equipment and 22 fixtures to remain because the City could sell them to recover some of the purchase price. 23 24 Economic Development Coordinator Backman indicated he did receive an email from the broker 25 and the owners appear to be open to discussions with the City but did ask if it was possible to 26 pull the equipment. 27 28 Mayor Linke indicated if they wish to remove the equipment from the site than the price would 29 need to be reduced accordingly. 30 31 Council Member Stigney asked for clarification on the per square foot comparison. 32 33 Economic Development Coordinator Backman explained that the differences relate to the 34 different manners of the analysis. 35 36 Economic Development Coordinator Ericson indicated the one difference is the size of the 37 building. 38 39 Council Member Stigney asked why the City would pay $479 per square foot for a gas station if 40 the City does not want a gas station. He then asked what the cost would be to purchase the 41 building remove everything and get down to just land. 42 43 Economic Development Coordinator Backman indicated he would need to obtain quotes from 44 the different types of contractors that the job would require. 45