Agenda - Council - 04/10/2007 - Laserfiche WebLink

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tAr. Ruehle explained Mr. Boike had a purchase agreement on his property previously that fell through. If this deal does not move forward it would be likely Mr. Boike would come forw d with a proposal for some type of development. Councilmember Strommen stated she had that c no matter how it is looked at the entire property is other parcels. It would be important to highlight erty is that Mayor Gamec noted the possibility of reverse condemnation if this purchase doe forward. Councilmember Jeffrey pointed out that the appraised value in a reverse co would be about one million more than what is being prese d. Jv1r. Ruehle stated one thing that should be noted as the south and other areas coming to the table if be any RALF funds remaining to do anything s Councilmember Elvig stated he understand He asked who will put up the $1.2 mill' which are not guaranteed, are not avai ds from one project. lth tills and the funds, Berg has informed her that no deal with the County, The they will receive the $1.2 million. nothing to go forward with. Two s to the Metropolitan Council for officially map e property; 2) a lelter stating the City the RALF funds currently in the pipeline for the Bialon elude the following on the March 27,2007 City of the switch in RALF funding from the Bialon ---7 Associate ted DPM Investments has submitted a preliminary plat, Comprehensiv ent and rezoning application to develop 6 twinhomes (3 two-unit buildings) on the of Super Bowl on Ebony Street_ The applicant went before the Planning CommissiOI preliminary plat review last September, 2006. Since that time. the preliminary plat has been before the Council for consideration at a worksession on October 10. 2006, and regular Council meetings on November 14, 2006, December 28, 2006 and January 9, 2007. The primary reason for the delay has been the consideration of new elevations for the City Council Work Session / March 20, 2007 Page 5 ofl3 -117-