Agenda - Council - 06/12/2012 - Laserfiche WebLink

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CC Regular Session 7. 7. Meeting Date: 06/12/2012 Submitted For: Kurt Ulrich By: Bill Goodrich, Administrative Services Information Title: Update on Required Land Acquisitions for the Sunwood Drive Realignment Project - PORTIONS OF THIS DISCUSSION MAY BE CLOSED TO THE PUBLIC Background: The property/easement acquisition for the Sunwood Drive Realignment Project is progressing. The status of the property acquisitions and the owners/property addresses are as follows: 'Property Address 14590 Armstrong Blvd. II Owner 'Negotiation Status OM" Holding (Purchase agreement pending. Further discussion in closed session. 8019 — 146th Avenue "USCO Corp 'Purchase agreement pending. Further discussion in closed session. NW 8020 -147th Avenue NW 14700 Armstrong Blvd. (easement only) Solveig B. Nordvik Trust Arnie R. Billmark (Terms of purchase agreement will be presented to City Council in closed session for final approval. Council approved purchase terms at its May 8, 2012 meeting. Purchase price is $44,255.00 plus City paid hook-up to sewer service, which brings the total cost to $51,296.00. It is estimated that the total acquisition cost of all the properties/easements to be acquired is $2,700,000.00. Please note this amount does not include the potential proceeds from the sale of a lot in the COR from a property owner negotiating such a purchase from the City. Observations: A breakdown of all costs attributable to the Sunwood Realignment Project are as follows: Land Acquisition Armstrong Blvd Sunwood Drive COR Grading & Northstar Market Place Access Revisions Streetlighting Engineering/Construction Administration/Testing TOTAL $2,700,000 I $1,650,000 I $1,075,000 $210,000 $112,000 $470,000 $6,217,000 The funding package for this project, as previously approved by the City Council is as follows: Anoka County LRIP Grant II$1,700,000 II $500,000