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CC Work Session 2.4. <br />Meeting Date: 01 / 11 /2022 <br />Information <br />Title: <br />Consider Offer to Sell Portion of Outlot A of the Elmcrest Sanctuary, Anoka County, Minnesota (this portion of the <br />meeting may be closed to the public per MS 13D.o5 Subd. 3 (3) <br />Purpose/Background: <br />The City has received an offer to sell real property from Blackjack Farms, LLC consisting of a portion of Outlot A <br />of the Elmcrest Sanctuary, Anoka County, Minnesota. The purpose of this case is to have City Council consider a <br />counteroffer. The meeting may be closed to the public per MS 13D.05 Subd. 3 (3) in order to develop or consider <br />offers or counteroffers for the purchase or sale of real or personal property. <br />If the meeting does go into closed session the following parcels must be identified for the record by Legal <br />Description and Property Tax ID Number: <br />Outlot B, Elmcrest Sanctuary - Property Tax ID # 11-32-25-34-0012 <br />Outlot A, Elmcrest Sanctuary - Property Tax ID # 11-32-25-34-0011 <br />The City Council met at the November 23, 2021 Work Session to discuss the offer by Blackjack Farms, LLC to sell <br />a portion of Outlot B, Elmcrest Sanctuary and to consider counteroffers. Staff was directed to obtain appraisal(s) <br />for the land to be considered for acquisition by the City. Staff has received completed appraisals and would like to <br />discuss counteroffer options with the City Council. <br />The attached Offer to Sell Property with Acceptance by Blackjack Farms, LLC has an asking price of $129,373.20 <br />($1 .80/SF) for 1.65 acres (71,874 SF) of a portion of Outlot A, Elmcrest Sanctuary. Staff research has found that the <br />legal description should be a portion of Outlot B, Elmcrest Sanctuary and should be amended if the acquisition <br />moves forward. The City Engineering department has put together a Proposed Property Boundary Owner Offer <br />Exhibit that generally depicts the land being offered for sale by Blackjack Farms, LLC (See attached). <br />Timeframe: <br />TBD <br />Funding Source: <br />TBD <br />Responsible Party(ies): <br />TBD <br />Outcome: <br />Based upon discussion. <br />Attachments <br />Statute 13D.05 <br />Elmcrest Park North Access <br />Offer to Sell Property with Acceptance <br />