Minutes - Council - 08/28/2012 - Laserfiche WebLink

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7.05: Consider Entering into a Purchase Agreement for the Property Located at 14590 Armstrong Boulevard, Ramsey, Minnesota known as Wiser Choice Liquors — (Portion of this discussion was closed to the public) Councilmember Wise recused himself due to a potential conflict of interest and left the Council Chambers at 7:40 p.m. City Attorney Goodrich advised that under Minnesota Statutes the meeting can move into closed session to discuss acquisition negotiations. He indicated closed session discussion will relate to property acquisition of property located at 14590 Armstrong Boulevard currently occupied by Wiser' Choice Liquors for right -of -way purposes and future development. The closed session will be tape recorded and that tape will be maintained for a period of eight years. Motion by Mayor Ramsey, seconded by Councilmember Elvig, to move to closed session to discuss acquisition negotiations. Motion carried. Voting Yes: Mayor Ramsey, Councilmembers Elvig, Backous, McGlone, Strommen, and Tossey. Voting No: None. Absent: Councilmember Wise. The City Council meeting moved into a closed session at 7:41 p.m. The City Council reconvened in open session at 8:06 p.m. Councilmember Wise returned to the Council Chambers and remained seated in the audience. City Attorney Goodrich stated the Council held discussion in closed session of 14590 Armstrong Boulevard currently occupied by Wiser Choice Liquor. He stated the City had two appraisals conducted by independent appraisers and both concluded a property value of $940,000. Since the City is making the purchase, it is obligated to purchase trade fixtures, appraisal at $80,160 and obligated to offer business relocation, which an expert estimated at $90,000. The relocation costs will be finally arrived on after decisions are made on the exact relocation size. This purchase comes to $1,110,160. City Attorney Goodrich stated the Council, in closed session, authorized this purchase under those terms and confirmed it would not vary from the trade fixture appraisal and would follow industry standards for business relocation. It also discussed the existing pylon sign and determined that anyone, including the current property owner, can acquire it at auction. Motion by Mayor Ramsey, seconded by Councilmember Tossey, to approve the purchase agreement as presented subject to the City Attorney making amendments as to legal form. Motion carried. Voting Yes: Mayor Ramsey, Councilmembers Tossey, Backous, Elvig, McGlone, and Strommen Voting No: None. Absent: Councilmember Wise. Councilmember Wise returned to the Council dais at 8:10 p.m. City Council / August 28, 2012 Page 7 of 9