4.5. SR 07-26-1993
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ITEM 4.5.
TO:
MAYOR & CITY COUNCIL
FROM:
PAT KLAERS, CITY ~STRATOR
JULY 23, 1993 V'r
DATE:
SUBJECT: ORONO PARKWAY EXTENSION
Earlier in July, the County Board reviewed a proposal from the
City of Elk River to purchase the Orono Parkway extension for
$5,000 per acre. This extension consists of 1.3 acres of
property in the southeast corner of the fairgrounds. This
extension will then go through the Lakoduk property on the
southern edge of the fairgrounds and connect into a future
north/south road between Highway 10 and County Road 30
somewhere near the alignment of Joplin Avenue.
After review of the proposal, the County Board referred this
purchase request from the City to the County Assessor in order
to determine if the offer was of an appropriate amount. The
County Assessor indicated to the Board that the purchase offer
from the City was reasonable.
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On 7/21/93, the County Board reviewed this information from the
County Assessor and then decided to make a counter-offer to the
City's proposal. The County Board offered to sell the City the
1.3 acres for $7,500 rather than the $6,500 that was offered.
This $7,500 counter-offer from the County equates to
approximately $5,800 per acre.
I believe that this counter-offer from the County is reasonable
and should be accepted by the City Council. If acceptable, the
Council should direct staff to prepare the necessary documents
to complete this transaction. The purchase is funded with MSA
monies. The actual transaction cannot be completed until it is
approved by the MSA Board.
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P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425
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