Agenda - Council - 11/12/2002 - Laserfiche WebLink

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I I I I ! ! ! I I I i I I I I I I I I with someone upgrading their existing business during the moratorium, but something that involves construction of a new building is where they need to hold off for a short time. The Council always has the authority to lift a moratorium on a piece of property if they so choose. Ron ? stated that the concern he would have is that the property is an investment property so they want to look at how they can have their investment grow and how can they do that when there is a moratorium on the property.. The City is actively pursuing all of the properties to bring them up to City Code so the Ci~, is asking them to spend a lot of money' to comply with City ordinance only to do nothing with the property. He has no choice but to put the black top in, but when he does that he can do nothing with it. He stated that if the City places a moratorium on the property than they should place a moratorium on requiring the property owners to improve their properties. Mayor Gamec replied that he agreed with that. Ernest Miller, Deals on Wheels, stated that the letter he received in regards to the moratorium indicated the back parcel would, be included, but not the front parcel. He inquired if his front parcel would be included as well. Mayor Gamec replied yes. He explained that the moratorium would include all the property north of Highway/ti 0 and south of the railroad tracks within the City limits. Mr. Miller stated that a two-year moratorium is too long. He suggested that they place a six- month moratorium on the property. Mayor Gamec stated that he does want to address the issue quickly so that the property owners know what to do with their properties. Mr. Miller stated that if has to sell his property while the moratorium is in affect than the value of the property is reduced. He inquired as to who would have to take that loss. Mayor Gamec replied that a property can alwaYs request that the moratorium be lifted on the property. Mr. Miller inquired if there was anyway to reduce the Iength of the moratOrium. Mayor Gamec replied that he would hope to have some answers by February or March. Sarah Bisset, Realtor representing 7665 Highway #10, stated that they have been trying to get as much information as to what is being planned for Highway #10 from MnDOT, but most of the information is being withheld. She stated that in the few conversations she has had with MnDOT they have indicated that the project is 15 to 25 years away at a minimum. Currently she has buyers for the property that would have no problem with their business existing for 25 years. City Council/October 22, 2002 Page 9 of 38 -149-