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<br />Commissioner Look asked what it cost to have the appraisals conducted on these 3 parcels. <br /> <br />Assistant City Engineer Himmer stated that it cost $3,400 for the appraisals. <br /> <br />Commissioner Dehen asked where the money would come from for this acquisition. <br /> <br />Assistant City Engineer Himmer stated that should be part of the discussion. He stated that he is <br />unsure if there are HRA funds available and noted that it will be discussed at the EDA and there <br />is also the possibility of using the trunk utility fund. <br /> <br />Community Development Director Miller stated that the portion of the land not used for the <br />water tower could be developed to allow fQr redevelopment in the area. <br /> <br />Commissioner Elvig stated that it is a big project of a City to get involved as a speculator or <br />developer. He stated that if the City does purchase the land, the value of land should be fairly' <br />low right now. He stated that he would hate for the City to buy land to sell for housing and be in <br />direct competition with people who are trying to do a funding proposal to get people out of debt. <br />He stated that there is a communications tower next to the strip mall and there has been <br />discussion of moving that onto the water tower. He asked what the revenue is off the existing <br />tower. <br /> <br />Commissioner Gamec stated that he thinks the revenue is about $1,500 or $1,800 a month, but <br />the City is not getting the revenue on the existing tower. <br /> <br />. . <br />Commissioner Elvig stated that he would see that as a positive selling point to residents that this <br />tower could come down and the water tower could be utilized for the communication. He stated <br />that he would prefer to acquire just the 14.2 acre parcel. <br /> <br />Commissioner Dehen asked why he wouldn't want to also acquire the 3.1 acre parcel. <br /> <br />Commissioner Elvig stated that it might be worthwhile to also acquire that parcel, but he doesn't <br />think it can be redeveloped. <br /> <br />Commissioner Dehen stated that he didn't think it would be very likely that there would be much <br />redevelopment with a big tower right by you anyway. <br /> <br />Commissioner Elvig stated that he agreed that no one wanted a tower in their backyard. <br /> <br />Commissioner Gamec stated that perhaps the City could consider acquiring the 26 acre parcel in <br />the future. He stated that if the City did put in sewer and water he knows the golf course and the <br />shopping center would be interested because they have been having trouble with their systems. <br />He stated that he feels that anything that happens for redevelopment will need to include sewer. <br /> <br />Commissioner Elvig stated that the City still needs to negotiate a road to the park and purchasing <br />the smaller parcel would help secure that right of way. He asked how close a home can be to the <br />water tower. <br /> <br />Housing and Redevelopment Authority I August 26, 2008 <br />. Page 6 of to <br /> <br />6 <br />