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CASE <br /> <br />CONSIDER ACQUISITION OF PROPERTY FOR <br />153RD/155TH AVENUE EXTENSION IMPROVEMENT PROJECT <br />By: James E. Norman, City Administrator <br /> <br />Background: <br /> <br />The current Capital Improvement Program shows the purchase of property for the <br />153/155 Avenue extension improvement project take place in the year 1999. The land <br />would be acquired for the extension of 153rd at Armstrong Avenue to 155th at Variolite. <br />A request by the property owner to proceed with the acquisition process was made to City <br />staff in June of this year and request a second time more recently. <br /> <br />Attached to the case is a letter from Dennis Peck, representing Dave Smith the owner of <br />the property being considered for the improvement project. <br /> <br />If the Committee would consider recommending moving the acquisition of property from <br />1999 to 1998, the project would require an addition to the 1998 Capital Improvements <br />Program and the authorization to proceed with negotiations with the property owner. <br /> <br />Financing: <br /> <br />Financing for the land acquisition for the extension of 153rd to 155th Avenue would be <br />derived from the tax increment financing fund. <br /> <br />Committee Action: <br /> <br />Motion to recommend City Council amend the 1998 Capital Improvement Program to <br />include the 153/155 Avenue extension land acquisition and direct staff to begin <br />negotiation with the property owner of the subject property. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />City Engineer <br />Director of Public Works <br />Finance Officer <br /> <br />R&B: 08/18/98 <br /> <br />jmt/153155.doc <br /> <br /> <br />