HomeMy WebLinkAboutgr00090_000043_pg040February 14, 1277
Page 10
SALE OF EXCESS PROPERTY LOCATED AT 3347 EASTWOOD DRIVE AND 2.100
COUNTY ROAD J
Administrator Achen stated that the City owns two parcels of land
acquired during Improvement Project 1973 -4. There is a potential
for eight lots. Administrator Achen explained that the City has
been approached regarding selling these lots. The Attorney had
advised the City that they can 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 publicly
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 probl ems may arise with doing this
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 will 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.
Councilmember Ziebarth asked if the appraised value was public infor-
mation. Attorney Meyert stated that it was but he had only heard
a verbal appraisal so far. This appraisal was that with assessments
in and paid for, the lots were averaging about ' 10,00 per lot.
Administrator Achen asked if the City should indicate that there are
certain assessments and what the City wants to net from the sale.
Attorney Meyers stated that he thought this would be appropriate.
MSP (Baumgartner - Rowley) to authorize the City to accept proposals
for the purchase of certain City owned property, as more fully set
forth in notice, and written proposals be opened on March 8 at 11:09 a.m.
and the award to be made on March 14, 1977. 4 ayes