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Geor~e.i~ Inquired as to how the city is going to finance the <br />acquisition ~ properties in Zone A. <br />Mr. Ott°~ Beplied that the city would make application for federal funds <br />to purchase the 230 acres for the airport, including property in Zone A. <br />The city, .~an begin aoquisition anytime after the environmental assessment <br />and prig~ to' receiving federal funds. There will be no contact with <br />proper~y owners regarding acquisition without following rigid <br />guidelines. <br /> <br /> -.,Stated that before the city begins property acquisition, <br />George <br />assuming. ~he ~nvironmental assessment is favorable, the city will have to <br />negotiat~ I!a ~, rchase price with the airport owners or else the city will <br />have toia~qu~re the airport by condemnation. Will that be done with <br />federalf~ ~dsi <br />Mr. Ottol.- Belied that the intent is that the project would be eligible <br />for fede~ f~nds and to the city's advantage to obtain those funds. The <br />city does lot have to wait to begin acquisition until those funds are <br />receivedi~0d ~he city would not have to negotiate with airport property <br />owners n~. ~e city does have the power of condemnation, but they will <br />pay the f~ir ~rket value for property acquired. <br />George Ma~ - Inquired if there will be any general obligation bond <br />f inancin~ ~iinv~lved. <br />Mr. Otto·~~, Re~ied that general obligation funding would be a possibility; <br />it has n~ been discussed. <br />George M%?~- ~Stated that if G.O. bonding is used for financing, property <br />owners c~d ~e looking at an increase in property taxes. If the city <br />decides ~0.~ golahead with the airport project, the Tom Thumb store will be <br />no more.~ ilnq~,~/red if any reconsideration has been given to developing the <br />alternat~ve~ ~ s~te discussed in the early 1980 's. <br />Mr. Otto~ -' Replied that the site to which Mr. May refers was not <br />reconsidered as ~t is currently a housing development. <br /> <br />George M~Yi - Stated that Tom Thumb Markets is opposed to the ordinance and <br />the enti~e.i pr0~ject. <br />Wayne SchUf t <br /> ~ 110 East 17th Street, Hastings, MN - Stated he is present <br />representing ~om Thumb Markets and that the Ramsey store has been around <br />since _~.~Y'S~ township days. The property was purchased in 1972 and the <br />store bega~ o~erations in 1974. The market has served the community well <br />and is opposed to the project because of the cost of acquisition. <br />Roger War~hgl' ~ 7010 150th Avenue N.W. - Stated his property is in Zone C <br />and peopllei~in Ithis general area have probably suffered enough with the <br />present ~r. ~ble~s -- high water ~ble and landfill. With airport property <br />acquisitio.~, ~3ny of the people would stand a chance of losing their homes <br />or having.~ ~es~rictions put on their property with respect to personal use <br />Airport Zoning Board/March 11, 1987 <br /> <br />Page 8 of 12 <br /> <br /> <br />