Agenda - Council - 10/09/2001 - Laserfiche WebLink

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-196- possibility of developing the area with a more comprehensive approach to the land use and that would include all the property south of the railroad tracks and north of Highway #10. A current prospect, willing to develop, desires to develop on under-utilized property along Highway #10. The EDA recommended that the City begin negotiations with property owners along Highway #10 so as to coordinate with the Darkenwald development project in order to redevelop the under-utilized property along Highway # 10. Council Action: Motion to direct staff to begin negotigtions with property owners along Highway #10 and south of the Darkenwald project for a possible redevelopment project. Case #4: Industrial Project Updates Acquisition of Waste Management Industrial Property The City has been in negotiations with Waste Management for the 44.6-acre site south of the former Anoka-Ramsey Landfill for industrial purposes. The site has been marketed as the "Sunfish Business Park". Waste Management has tentatively agreed to sell the property in two separate phases, beginning with 50 percent at closing in October 2001, and the balance paid in November 2002. The purchase price for the property is $I,657,925. The EDA also discussed the final stages of negotiations with an industrial prospect to build a 185,000 square foot industrial facility in the northwest portion of the Sunfish Business Park. The EDA recommended the City acquire the Waste Management property for industrial purposes. The City has received a proposed purchase agreement from Waste Management. Council Action: Action taken on September 11, 2001 by City Council Motion to direct the City Attorney to revise and amend the proposed purchase agreement as necessary for the City to acquire the Waste Management property, and to submit for the City Council review, a final purchase price agreement draft. · Kenko/Alloy Recovery The EDA was provided an update of the negotiations with the property owners of Alloy Recovery and other properties to the west of the current Public Works facility. The project may include the eventual relocation of Kenko Construction, which was just placed in the recent construction of 14t~t Avenue as part of the Gateway Industrial Park No. 5 (Makens Property) project. The negotiated price of $200,000 had been established for the Alloy Recovery property. The EDA recommended the acquisition of Alloy Recovery property at the price of $200,000, for the purposes of relocating Kenko Construction. I I I I I I I I I' I I l i I I I I