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<br />Public Works Director Olson stated the City did request, because of the Armstrong realignment <br />project, that the property owner reserve that land, and he did what the City asked him to do. <br /> <br />Councilmember Elvig questioned whether the property owner would consider a land swap and <br />move to the Ramsey Town Center. <br /> <br />Public Works Director Olson stated the rationale for moving forward with the land acquisition is <br />that the City currently does not know what improvements will be made to this intersection. He <br />stated if an overpass is built, the City will own the entire parcel and if other improvements are <br />planned, the City owns just this portion of the parcel. He indicated the property owner's logic is <br />that they are going to be compensated for an amount in the event an overpass goes in, but <br />because of the uncertainty with the overpass, they are moving forward with their site plan and <br />building. <br /> <br />Councilmember Elvig stated that it appears the City is not interested in a partial acquisition of <br />the property but is interested in the overall property for purposes of securing an overpass at this <br />location. <br /> <br />Motion by Councilmember Elvig to recommend that the City Council proceed with the partial <br />acquisition of Lot 1, Block 1, Alpaca Estates. <br /> <br />The motion was seconded by Chairperson Look for discussion purposes only. <br /> <br />Further Discussion: Councilmember Wise stated that the property owner is ready to build on the <br />property even if the entire parcel is later acquired. He expressed concern that the property owner <br />is aware that this might happen but still wants the City to complete the partial acquisition and <br />pay him $87,500. Chairperson Look asked if this matter could be postponed for six months. <br />Public Works Director Olson indicated that is a possibility. City Administrator Ulrich stated that <br />preliminary plans are underway for an interchange. at this location; City staff does not know the <br />extent of the interchange at this time. <br /> <br />Motion failed. V oting Yes: Councilmember Elvig. V otiIi.g No: Chairperson Look and <br />Councilmember Wise. <br /> <br />Motion by Councilmember Elvig, seconded by Chairperson Look, to recommend that the City <br />Council postpone the partial acquisition of Lot 1, Block 1, Alpaca Estates, pending completion <br />of the preliminary design for the Armstrong Boulevard interchange. <br /> <br />Further discussion: Chairperson Look. requested information on the cost for the preliminary <br />design. <br /> <br />Public Works Director Olson replied the cost is $500,000, with $250,000 paid by the City and <br />$250,000 paid by the County. <br /> <br />Finance Committee I August 25, 2009 <br />Page 3 of 4 <br />