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8.1. SR 11-16-2015 EW Request for Action River To Item Number Mayor and City Council 8.1 Agenda Section Meeting Date Prepared by General Business November 16, 2015 Amanda Othoudt,EDD Item Description Reviewed by Agreements with Sherburne County and MnDOT Cal Portner, City Administrator for Purchase of Property (Joplin Street Area) Reviewed by Action Requested Approve,by motion, the purchase of a remnant parcel from Sherburne County and enter into an agreement with MnDOT to purchase the surplus easement. Background/Discussion The city has been working with a developer on a land assembly project with four separate parcels (Exhibit A). The city owns two of the four parcels at the intersections of Joplin Avenue and Business Center Drive. The owners of the remaining parcels include the county, and the heirs of Hogan A. Wingness and Harry and Sue Lakoduk. The northerly parcel, owned by both Lakoduk and Wingness are encumbered by MnDOT right-of-way easements. The developer proposes site improvements with up to three commercial/retail buildings possibly including a national client with a drive thru, a regional client, and an opportunity for local business development in a multi-tenant building. The developer also proposes to work with the city, county, and the fair board to relocate the existing sign to a new location on the site. An appraisal was conducted on the city-owned property on July 21, 2015,by Nagell Appraisal& Consulting. The City Council approved a purchase agreement for the sale of the city property to the developer at their November 2, 2015, meeting. Upon successful acquisition of the property from each of the fee owners and upon release of the right- of-way easement by MnDOT, the city will sell the fully-assembled parcel to the developer. Staff recommends a formal purchase agreement with the county to acquire the northerly portion of the property (Exhibit A) and enter into a formal agreement with MnDOT to purchase the surplus easement once the property is secured from the fee owners. Financial Impact E&I Investments have deposited $10,000 of earnest money to the city to begin the process. If the acquisition costs exceed$10,000, the developer will be required to deposit additional sums in escrow. Attachments ■ Exhibit A ■ Property Survey POWERED 6T AR C: C}1 C Ceptif Cd�E? orsurve jf W for SherburneCountj AttorngOOffice Section 3;? Township 3:' Range-A", +"* h m •' - � � ea va W�•aaH d.t' N#•-}s+m canm�e x..s� .ab'•aa ��v.e 2Mwrs. 4 -s °re fl W t Lt94At s f:W l� '•y�ry "" 0'•¢ <iAat 3.� • kn�TwbA YnNV7'Salt4'�` -.'•!i of � -._,. ar .,�+t* Nt3 -, :. .rw [ • w�vnwf! srtt aNYt ^T�-• `yM. mri* -•''_.•••>,-... ':•c. .ssv.n�,Y xswrt x-� r � '"x wr.-w s,. is�..x,+.a rr..e sa ar.�.0 wa vmu.se uww.a... �a7 tta t n - �` � � r...,.�.W�,.r a..aw F�,��sf n��,fa�_�a�i.m.�., ..r,law•�u-ri�x-F,¢a*..-e��<" I =.Vsrni s- _..:. NCRAH}tk` t'dLE r(CT,..• � .. .. .� � nom.• �Y'�` .'�. y. _ r .. +G 3 x £ 59. rYC lftw��A.N ._. %R9'•x'w lFd�S TcSfY N�. .'. �r � a a a+w+nop�..t ys v¢k<.F M+a .kr. t+:x &1•amf..m r+�a?�TYt-iF _ ..-.. � t�yy�lSk;F`>¢+gwS� Mw.�m msc'�n•.fia $YC'Xat4RSKE0L',NtYYllfild['N'�1RKJ•SGR�'KYe)/t',4FlFPTCfi l..va U r 11R.Y.11.ta..—VIA—I.. lB m as Mi d PJB ✓ '"" � 1� ad .P ^ o ��:� n• ;r„ h �i rn _ J o � u ( ♦uGr,„� Id a I i "� x, X =M IIX A rn aM XX .rn s A " \ A r ` M r , r �':.a w qk ♦ , x T� x 1 �m psr .. 4 ,Y P ^gym yr — — — — — — — — — PO el Exhibit On port O/the W 112 of the ,be,eby cer5ry rear rnis s—y p/an.°r Requested By wwwott°assoaates caro `k''Ores Lron monunent!°und NE 1 4 o/the SW 1 4 o!Section 32 Town hi rew.Y was q,repa,red'vy,ne o-ender my = p —1 11111.1111, Ebert Construction °reav2mdhey,a;n°n;rg062 33, Range 26,Sherburne County,Minnesota. crcansed cans surveyor underne brvs sw st oiv�smn srree, setend marked ay e�deese aaooez ofne sbte ofhrmnesora_ TTo eu%ab, N"3,3 Revised.' /)n rQ Oa(e: Omwn,4y. Scale: Checked 8/' (]B3J(763)6 l ]Q,f'L 590CIAiES (763) 3Jfi827 vae;e ot,e 11-11-15 T.J.B. T'=30' P.E.O. P.recr N° se naoosz o Bn9mees a Band s,,,-veyers,mc. 15-0282 Joplin Street/Hwy 10 Development Project City of Elk *( =:,- dMi River Parcel Exhibit f 1! { PARCEL } 112--4 w�a eos $�C� °� I 1 t 41M9 fY `~-- / "mss PO EL 3 x�r } ;rwr a �w.. + ^- PARCEL C} �iPARCEL 4 � i ry -i t k l s iV 1 1 f xn wn�r f I F UJ PO ~ 6a D r cel Exhibit Its _ I( ¢��� V - � -,},fir _�� �� '� �� 1�4• •� � � M pLL CL ld �! I Ii1+ % r at 1 I # '' �A llK \-_ $ F 75-132-2426 P 4 - 010 j J r ELK RIVER LAKE �.. ' ORONO R4 �- - I AVE ORONO PARK E ,s 'fh,.� C1pU4 LAKE llft� AAEoM1Cla '` C C]RC?NC A Ar OR C3 00-00V i WSINM �lV D A,DA.RRS'e Oo OSP '3 A.T-i-ETI' C' jjo� COUNTY (70MP_EX 1,1,E i FAIR Cp h �N GROUND t T ► VE Q OAK SAVANNA kkPARK ft d r � �u {, 1 se .Af"ka.. .per s •s ,� ' .,its pY„ Action Requested: ■ Purchase remnant parcel from Sherburne County ■ Enter into agreement with MnDOT to purchase surplus easement