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PW CASW # <br /> <br /> DISPOSITION OF SURPLUS LAND ACQUIRED FOR <br />T.H. #47 HIGHWAY PROJECT (IMPROVEMENT PROJECT #98-14) <br />By: Steve Jankowski, City Engineer <br /> <br />Background: <br /> <br />The City has acquired a number of properties for the purpose of facilitating the T.H. #47 project. <br />After conveying the necessary right-of-way to MnDOT for highway and related purposes, there <br />will be three parcels (Parcel No. 1 is an aggregate of 10 individual properties) which have <br />remaining economic value. Attached is a sketch illustrating the location of these parcels. <br /> <br />Revenue from this surplus property could be utilized to offset the cost of the project. Parcel No. <br />1 is currently in negotiation for sale to ACCAP. Lord of Life Church has expressed interest in <br />acquiring Parcel No. 2. The City has received no inquiries into Parcel No. 3. <br /> <br />It should be noted that the City will want to dedicate the right-of-access onto T.H. #47 to the <br />State before divesting of the property to eliminate the existing and future accesses to the <br />highway. This will enhance the traffic capacity of the highway and increase the safety of the <br />roadway. Once the right-of-access is dedicated, the economic value of the property is largely <br />limited to adjacent properties. <br /> <br />The issues remain as to whether the Council wishes to divest itself of the surplus property at this <br />time, and if so, under what procedure it wished to follow. <br /> <br />Committee Action: <br /> <br />Based upon discussion. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />City Attorney <br />Director of Public Works <br />Finance Officer <br /> <br />PW: 12/21/99 <br /> <br /> <br />