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CASE <br /> <br /> LAND ACQUISITIONS <br />By: Ryan Schroeder, City Administrator <br /> <br />Background: <br /> <br />In recent agenda, City Council has authorized the following Economic Development activities: <br /> <br /> ~ ACTION ~ <br />A Lot 1 BloCk I Gateway 20,000 option Complete <br />B Eggum/;t0S', ohn Parcels Purchase offers Offers sent <br />C Anoka P4msey Sports TIF Development Under construction <br />D C.R. # 116 Incubator TIF Development Pending <br />E 14100 .l~par Sn'eet Purchase Agreement August 30 closing <br />F Lot 3 Block 1 Gateway 4 75,000 option September 15 closing <br />G Highway !10 Water Interconnect 39,514 bid award Under construction <br />H Salt Storage Building Joint Powers Agreement Pending <br />I C.R. #116 Water Interconnect Agreement Amendment Pending <br />J ACEDP ~se Facility rental Pending <br /> <br />Regarding the above, we request the following authorizations: <br /> <br />B. <br />C. <br />D. <br />E. <br />F. <br />G. <br />H. <br />I. <br />J. <br /> <br />NOne at this time. <br />Nbne at this time. <br />None. <br />cD~ velopment Agreement amendment; see narrative. <br /> losing Authorization; see narrative. <br />C!osing Authorization; see narrative. <br />None. <br />N~pne at this time; see item E narrative. <br />A~ Road and Bridge Committee. <br />NCne at this time; see item E narrative. <br /> <br />D Narrative: <br /> <br />Council has autl~°rized a development agreement with Dennis Sharp to construct an industrial <br />incubator buildin~g. Council has also initiated a public improvement process to provide utility and <br />roadway access tp this development. It is expected that this process will not be initiated prior to <br />1995. Therefore,~the development agreement has been altered as attached (see paragraph 9). <br /> <br />E/H/J Narrative: <br /> <br />Council has authc~rized acquisition of the property at 14100 Jaspar Street N.W. for a Public Works <br />garage. This sit~.includes a 12,24.0, square foot block building (90'x 136') and a 13,125 square <br />foot steel building (includes a 25 x 125' bay next to an 80' x 125' bay). We ask that you <br />authorize a closing on this property for the end of August. <br /> <br />Council has als9 authorized negotiating with the Anoka County Economic Development <br />Partnership to pd~tentially lease out the metal building for a period of two to three years for <br />remodeling of th~building. This lease is proposed to return $39,375 each year to the general fund. <br />The ACEDP is c ~ttgrently estimating repair and remodeling costs. When this information becomes <br />available, it will Se forwarded. If the repair is excessive, the project may need amendment. This <br />proposal will lik~ely result in continued use of the T.H. #47 shop for off-season storage of <br /> <br /> <br />