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RESOLUTION NO. 8400
RESOLUTION AUTHORIZING THE PURCHASE OF
PARK PROPERTY FROM ROSE FLORAL AND
GREENHOUSE, INC., A MINNESOTA CORPORATION
WHEREAS
1. Lawrence Rose and Rose Floral and Greenhouse, Inc.
(the "Developer"), has proposed to the City the
plat of Forest Ridge Addition to the City of
Stillwater, a sUbdivision including 19 lots and
requiring, pursuant to park dedication
requirements of the City, a dedication of 9
percent of the residential land and 7.5 of the
commercial land contained within the subdivision
for park purposes. This requirement compels the
Developer to dedicate 17,269 square feet of land.
2. The comprehensive plan for the Brick Pond area
neighborhood, however, shows a future neighborhood
park located North across 61st Street from the
proposed development. This land is also owned by
the Developer.
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3.
That as part of the development of 61st Street,
(Local Improvement No. 251) the City has obtained
five separate appraisals of both residential and
commercial land, all within a quarter mile area of
the Developer's land and of substantially the same
character zoning and topography.
4. That the parcel of land being considered for a
park purchase lying North of 61st Street contains
apprxoimately 63,159 square feet, 35,879 square
feet being burdened by street, sewer and drainage
easements, leaving a net available and useable
square footage of 27,280 square feet lying North
of the street.
5. That the Community Development Director has
negotiated a transaction whereby Developer would
deed to the City that land North of the center
line of 61st Street, including the land encumbered
by easements, in return for payment to the
Developer by the City in the sum of $10,000 and a
forgiveness of the park dedication requirement for
the 19 lot final plat portion of the Forest Ridge
Addition.
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6. That based upon appraisals already obtained as
part of Local Improvement #251, the proposed trade
and payment of $10,000 to the Developer is
advantageous to the City and results in the
acquisition of park land by the City at a price at
or below prevailing market rates for land in the
neighborhood.
7. That it will be necessary as part of this
transaction, as negotiated, to pay when due in the
manner of a private owner, the real estate taxes
due and payable in the year 1991 in a sum that is
at this time undetermined. However, an
application for exempt status will be filed with
the County of Washington immediately upon
acquiring title to the property. This park
property will thereafter be exempt from the
payment of real estate taxes payable in the year
1992 and future years.
NOW THEREFORE BE IT RESOLVED,
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That the land transaction herein described is approved
and the Mayor and Clerk be authorized to sign the Earnest Money
Contract attached hereto as Exhibit A.
Further, that the City Finance Director and the City
Attorney prepare the necessary documents and transfer of funds to
accomplish this purpose and to file and record the various
instruments necessary to accomplish the transfer and to secure
the exempt status of the land after purchase for the tax year
payable 1992 and future years.
Enacted by the City Council of Stillwater, the City of
Stillwater, this 13th day of November, 1990.
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Wally brahamson, Mayor
Attest:
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