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5.5. SR 03-22-1993 ITEM 5.5. TO: MAYOR & CITY COUNCIL FROM: PAT KLAERS, CITY ADMINISTRATOR DATE: MARCH 17, 1993 SUBJECT: PURCHASE OF CITY WATER TOWER SITE AND SELLING OF CITY PROPERTY (NORTH OF MNDOT GARAGE) At the last City Council meeting I was directed to continue to negotiate with Mr. Rick Foster regarding the purchase of land for a water tower site and in an effort to sell the City property along Highway 169 north of the MnDOT garage. All Councilmembers are encouraged to visit the City site in order to get a feel as to the development restrictions that exist. I have met with Mr. Foster on 3/17/93 and will be prepared to provide the Council with a verbal update on our discussion. . The Council should note that Mr. Foster is presenting a preliminary plat to the Planning Commission on 3/23 and this plat includes the City property. Mr. Foster can develop his land north of the City property independent of purchasing the City land and, if ~o sale goes through, this is what he will be forced to undertake. Sale of City property to Mr. Foster would be contingent upon plat approval. The proposal from Mr. Foster includes two long cul-de-sacs and this may become an issue. After the 3/23 Planning Commission meeting, we will have a better understanding as to if the development proposal from Mr. Foster is acceptable. . 720 Dodge Avenue N.W., Elk River, Minnesota 55330 (612) 441-7420