Minutes - Council - 01/13/2015 - Laserfiche WebLink

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Motion carried. Voting Yes: Mayor Strommen, Councilmembers Riley, LeTourneau, Johns, Kuzma, Shryock, and Williams. Voting No: None. 6. PUBLIC HEARING None. 7. COUNCIL BUSINESS 7.01: Consider Purchase Agreement with PSD LLC Asst. City Administrator/Economic Development Manager Brama reviewed the staff report and presented the revised purchase agreement of PSD, LLC for 13.97 acres of City -owned land located within The COR. He noted consideration of this Purchase Agreement would meet the Council's goal to sell surplus City -owned land, place the property back on the tax rolls, sustain momentum of development in The COR by increasing rooftops, and result in substantial land proceeds that could be used to pay off debt. Asst. City Administrator/Economic Development Manager Brama stated it is the recommendation of staff and the Economic Development Authority (EDA) to approve the proposed Purchase Agreement. He reviewed consideration of the EDA and recommendation that the earnest money become hard within this Purchase Agreement. It was noted the buyer has agreed to the EDA's request and the Purchase Agreement includes that language. The Council indicated its support for the negotiated Purchase Agreement as the City is receiving the expected price range, no City dollars are involved at this point, the City has already addressed the zoning of this property, and this project will create additional rooftops and momentum. The Council extended its appreciation for the EDA's recommendation on the earnest money. Motion by Councilmember LeTourneau, seconded by Councilmember Riley, to Approve the Purchase Agreement with PSD, LLC for 13.97 acres of City -owned land located within The COR contingent upon final review and amendments from the City Attorney. Motion carried. Voting Yes: Mayor Strommen, Councilmembers LeTourneau, Riley, Johns, Kuzma, Shryock, and Williams. Voting No: None. 7.02: Consider Adoption of Resolution #15 -01 -018 Accepting Feasibility Report and Ordering Public Hearing for IP 13 -10; Garnet Street and 168th Avenue Reconstruction City Engineer Westby reviewed the staff report, described improvements proposed for Garnet Street and 168 Avenue, and total estimated project cost of $1.675 million. City Engineer Westby reviewed project funding and proposed to assess benefiting properties at $6,500 per lot. It is not proposed to assess for sanitary sewer, water utilities, subgrade corrections, or new sidewalk construction. He recommended the City authorize an assessment appraisal consultant to ensure all special assessments are commensurate with benefit received from the proposed City Council / January 13, 2015 Page 6 of 15