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CITY COUNCIL WORK SESSION <br />Topic Report: NW Metro Corridor <br />Property. Acquisition <br />By: James E. Norman, City Administrator <br />Background:. <br />The City has been discussing and considering the acquisition of property along the Northwest <br />Metro Corridor River Crossing since spring of this year. The Boike property is located at the <br />interchange of T.H. #10/169 and the future Northwest River Crossing Corridor (map attached). <br />The City recently received a letter from the Minnesota Department of Transportation (MnDOT) <br />that provides assurances that the property would be eligible for reimbursement at some time in <br />the future (MnDOT letter attached). <br />Staff and consultants have been receiving a great deal of pressure from Mr. Boike to receive <br />some type of lease compensation. The item has been added to the work session agenda for <br />discussion for possible.. consideration of a lease arrangement with Mr. Boike that would go <br />toward an eventual purchase agreement. <br />Action Statement: <br />Provide direction for possible acquisition of Boike property. <br />Reviewed by: <br />City Administrator <br />CCWS: 12/21/06- <br />