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Mr. Bulow owns a vacant parcel located east of Sunfish Lake Blvd. lVlr. Gr°sslein woul&tike to <br /> obtain Mr. Bulow's property and relocate the drainage pond on his subjeCt parcel to ~};'Bul~'.s <br /> perry <br /> pro <br /> <br />Both properties are located within the Critical River OVerl:ay District and thege~i/6~:e ~¢:~i~,bject to <br />stricter development standards and DNR approval. Phncipal City Engia~ ."~}; Brian 0t~S~n, has <br />submitted a letter to DNR requesting their comments on the request to rel~<r~kte'an existin~:~i0nd <br />to an .adjacent parcel. Staff has not received written response::~9m D~;:;.h°wever, <br />anticipates.receiving a response within the next few'weeks. <br /> <br />Mr. Grosslem has d~scussed the purchase of the property,?~!~h Mr. Bulow and has report d to <br />staff that Mr, Bubow is asking above market ,v. alue for th~roperty. Mr. Grosslein is requesting 7j5 <br />the City facilitate acquisitiOn of Mr. Bulow s prope~!;:i~ order to~Zoceed with deVelopmen~ <br />plans for a restaurant facility located next to <br /> <br />Associate Planner Wald indicated the City had received a ie~d~'}~$m Mr. Bulow disputing the <br />fact that the asking price is too high. She stated that the Ci0'iS~had a market:value analysis <br />Prepared, which Was presented'to the Committee. <br /> <br />T~F Specialist Sullivan exPlained tg~$"b'~k:~in:2002 the City was trYing t~{:a feel for property <br />prices.in the area. They recei~¢~ome~:'statisti~/linfomation fi-om Pro'$a~rce at that time. The <br />information provided to the ED'A sho~ge Prosour tion::~. ' <br /> <br />DiscussiOn ensued conCerning the gath~g o-fi:{he market.:~iysis information and what it <br />represents, including zoning for the areas t&' ~n~ui:e similar pieces of property Were compared. <br /> <br />Member GromtS~'~ asked':~0~ clarification ofii:~bat ~. Grosslein is asking from the EDA. City <br />Administrat~!~orman State'-~i}he is asking the'Oity!~t87assiSt with facilitating the sale. That does <br />not nec~s~ly make the juniP to condemnatiom?H~ stated the City has assisted in this capacity <br />quite o~i;~i.ting example~ ~ the:,Bminess Pai~";'Sauter property and Maken. property. <br /> <br />Member Gron~:bT~'~,g~':k~ioned if this is ~ same type of situation, 'He stated those properties <br />.,~ere for redeveloPm:ent whereas this is to move a drainage pond. <br /> <br />Mr. Cl~i;:Bnlow intro~ixde~ ~self, stating the property in question was part of his original <br />homestead'-a~ct,has belonga~:Ti~ his family for more than 40 years. He: stated Mr. Grosslein has <br />attempted to !'~.¢quire tl~:-;~roperty' over the Years, always stating the price is too hi.gh. <br />UnderStandabl~(~e price has increased as the values have gone up. He indicated Mr. Grosslein <br />owns a lot.closO~y and Mr. Bulow has attempted to work out a trade, but Mr. GrOsslein always <br />says the price is;~o much. <br /> <br />Mi~}ign bY-';:M-~mber LeTourneau, seconded, by Member Gromberg to allow City to assist with <br />facfli~t'ating:"the sale between Mr. Grosslein and Mr. Bulow. · <br /> <br />Economic Development Authority / January 13, 2003 <br /> Page 6 of 8 <br /> <br />-118- <br /> <br />! <br />I <br />I <br /> <br /> <br />