Agenda - Council - 04/25/2017 - Laserfiche WebLink

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other expert fees consistent with Minn. Stat., sec. 117.031, that the park agency must pay as part of a condemnation action; f. State deed tax/Conservation Fee; g. Title Insurance; h. Pro-rated share of all property taxes/assessments due on the parcel at the time of closing that is borne by the park agency; i. 1.8 times the city or township property tax due on the parcel in the year the land is acquired. This is the property tax equivalency payment, which is paid to the city or township at closing pursuant to Minn. Stat., sec. 473.341; j. Negotiated purchase price for the parcel or condemnation settlement/award consistent with applicable provisions of Minnesota Statute ch. 117; k. Relocation costs to the seller consistent with Minn. Stat. sec. 117.52 and Minn. Stat. sec. 473.315; 1. Land stewardship costs defined as follows: costs for boundary fencing or marking; stabilizing or rehabilitating natural resources to aid in the reestablishment of threatened natural resources or to prevent non-natural deterioration thereof; preventing the deterioration of structures that will be re- used for park purposes; removal of unneeded structures, dangerous land forms or attractive nuisances including capping abandoned wells as required under Minn. Stat., sec. 1031.301; and closing unneeded road(s) that provided access to the acquired land; m. Development of the land to provide minimal access to it for public recreational use as reviewed and approved by the Council in consideration of the grant. Such development must be consistent with the applicable Council-approved master plan and may include the cost of an access road and/or trail, parking lot, and signage; n. Interest costs to acquire the land can be counted as part of the park agency's 25% match to the grant. However, the interest costs are not eligible for reimbursement as part of that park agency's share of a future regional parks capital improvement program; o. Holding costs incurred by an outside third party that purchased the property to hold on behalf of the park implementing agency; and p. Other expenses not listed above that are directly related to the land acquisition. All costs shall be documented with appropriate information/data and submitted to the Council with the grant request. Grant Request Finance Amounts The Park Acquisition Opportunity Fund grant may finance up to 75% of the costs to acquire land and related costs, or up to $1.7 million per acquisition account (ENRTF and PTLF acquisition accounts) for each state fiscal year (July 1 to June 30). The regional park implementing agency must finance at least 25% of the acquisition costs as a local match to the Park Acquisition Opportunity Fund grant.