Agenda - Council - 03/10/1992 - Laserfiche WebLink

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AUTHOR~[z~[FION Backgroun,di On Novemhe proceedings border of th'e Although: tho a proposed ~{rt based on 50~ CASE TO ACQUIRE EASEMENTS FROM NElL GUY ESTATE By: Steven Jankowski, City Engineer 26i: 1991 the City Council authorized the initiation of easement acquisition cfifiire a 20 foot permanent and a 30 foot construction easement ',dong the southern ;U'~ property to facilitate the sewer and water installation for Project 091-01. rY¢ould proceed with condemnation of the easements, our Anomey has negotiated ',~nt. The settlement proposes a compensation award for the easements which is ~f~t~he land value for the permanent easement and 10% of the land value for the temporary eg~, ~me.ht. It is my understanding that this is an accepted basis for compensating casements. The trustee f~oi~ the[Guy property has submitted an apprmsal which values the land at $1.50 per square foot, i~is'-~ppraisal was prepared for the purpose of marketing the property in Februar!, 1990, which!pj-¢da~tes the conception of the sewer and water project and lends to its credibilitx. Our Assegs°r!l TM dat~ indicates the $1.50 per square foot appears to be somewhat high. His daia suggests !~hat ~'a!0e closer to $1.00 per square foot may be more realistic, although some very large pareel~s ~eh~!s the K-Mart property have sold for $1.25 per square foot. The prop0se0:beg4tiation would mean a payment of $6,634.50 for the permanent easement and $1,990.35 f°i';~e t~mporary easement for a total of $8,624.85. I believe therd, ami two factors which favor authorization of the easements for the negotiated amount. Firsl:~if t~e easements were taken to condemnation and the commission were to aaree with our IoW~ v~ 'l{)ation, we would realize less than $3,000 savings. The actual savings w~uld likely be less ~n~ e[the commissions have a tendency to split the difference between conflicting appraisals..I.'.J![eil ~¢r event, the estimated cost of condemnation proceedings are in the range of $4,000. 8eC:~t~,, fll four properties benefitting from the project will be granting easements. All properties W~llbi :mrged for the cost and be credited with contributions for easements. Because of this, the h~u~ square foot cost of the easement becomes less significant, since all four properties: will ~e ~..edited and charged at the same unit value. Council Aeti~)n:i Motion to acto~n0i adopt Resolution//92-03- the Nell Guy;Ffis~ tat~. Review Checklis~t: City Administr'4tor City Engineer Finance Officev~ " City AttorneY CC:03/10/92 ' ~anfing authorization to acquire easement from 47