Agenda - Council - 08/22/2006 - Laserfiche WebLink

Home

-20- beyond that, after looking at the budget first glance, she is not sure that she will be comfortable with this purchase. Councilmember Jeffrey concurred. He noted this will come down to choices and priorities. Councilmember Elvig stated he is not convinced of the urgency of this situation. He wholeheartedly believes in the vision of protecting the corridor, but it is a long way out in this process. His concern, however, is wheth r they will have a willing seller two years from now. Chairperson Strommen stated that is wh re she struggles with this, and at what point should the City in all fairness have to make a deci ion. She is not certain that this purchase would be a priority given the budget situation they e in, and she does not want to keep stringing this out if they are not sure they will be moving to ards this purchase. Councilmember Elvig asked what the pa ment amount will be per year. Finance Officer Lund replied she is not certain, as the JPA was drafted on a 10 year balloon timeframe, rather than a 5 year balloon ti s eframe as is required. Councilmember Elvig asked if there wil be an opportunity for reimbursement on this purchase through the RALF program. -Mr. Tinklenberg replied typically when ealing with a willing seller there are not problems with reimbursement. One of the issues is the apping of the corridor and purchasing right -of -way in advance of the mapping. However, he nks it is fairly secure that the City would own the land and when it was time to build the project OT would purchase the land from the City. Councilmember Elvig stated he keeps haring from his constituents that traffic and congestion are the worst issues in the City; if they stall on this purchase they could potentially lose this opportunity. Motion by Councilmember Elvig, secona ed by Councilmember Jeffrey, to recommend that the City Council authorize execution of a p rchase agreement for acquisition of the Boike property and authorize execution of a Joint Power Agreement with Anoka County for cost sharing of the acquisition of the Boike property. Further discussion: Chairperson Stro en stated she is not sure she is comfortable with proceeding until they have the issue of t e timeframe worked out and know what the payments will be. Councilmember Elvig concurre . He requested to be provided with a copy of the JPA in final draft form much earlier than the eeting when it will be discussed. Motion on the floor amended to recom that the City Council authorize execution of a purchase agreement for acquisition of t e Boike property and to authorize execution of a Joint" Powers Agreement (JPA) with Anoka Bounty for cost sharing of the acquisition of the Boike property, contingent on the JPA being ended to include a 5 -year balloon timeframe on a 30- year amortization, rather than a 10 -year balloon timeframe, and contingent on the JPA being Finance Committee / August 8, 2006 Page 6 of 7 •