Agenda - Council Work Session - 05/11/2021

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The City will conduct an appropriate environmental review, - Appraisals [n the event that purchased interest in real property is intended to be conveyed to the DNR, an. appraisal shall be performed then reviewed then certified by a DNR review appraiser. For purchases Less than $20,000, and not intended to be conveyed to the DNR, appropriate documentation will be developed substantiating the purchase price. Survey/Legal Descriptions If the City determines that a survey is required, a survey will be ordered by a licensed surveyor, who shall also prepare a legal description matching the interest in the real property that is intended to be purchased. Title The appropriate evidence shall be obtained to ensure the real property to be obtained is. marketable. This shall include one of the following; an abstract of title, registered property abstract, a attorney's title opinion or title commitment for an owner's policy of title insurance. Minimum Standards If appropriate, certain property `improvements' such as signage or the removal of debris may be required and therefore considered as part of the property acquisition. r After the individual conditions outlined in the reimbursement manual have been met for the acquisition of land, reimbursement will be sought by the City. In the case of the actual transaction for purchase of the interest in real property, the purchase agreement may require the State to issue a check in both the landowners) and the City names for the release of funds. All eligible funds incurred in the purchase of an interest in real property will accompanied by a the appropriate documentation summarized below: aCopy-of the letter containing landowner information, signed by the seller(s). ▪ Environmental review document. ■ Appraisal information. • Legal description and survey if required. a Evidence of title. a Evidence of all costs associated with: the property acquisitions,. including itemized timesheets of personal for which invoices are not typically generated. The activity detailed in Result #2 is anticipated to secure appro irnentl - 40 tb• 60- acres of ecologically sensitive areas by conservation and trail easements using the $500,000 LCMR investment.