Discussion:
This road has been planned for several years as part of the redevelopment of this area. It will serve as a critical east-west connector for the area and been designed to be part of Scott County's reconstruction of County Highway 83. It will be used as a detour route when County Highway 83 is under construction. Final plans and bidding will take place this winter with construction in Spring 2020.
Plans are past 60% and the final alignment has been completed. Staff has been working with Lake Washington Partners for many months on these properties. One is a complete take and the other is a perpetual easement that will also provide the owner with a new access to a parcel that currently has no access to County Highway 83 and is land locked.
The city retained Integra Realty Resources to complete appraisals for both parcels. The fee simple parcel was appraised at $597,000 and the partial take was $54,000 since there is some benefit to the property owner with a newly constructed entrance. Staff has worked with the owners and offered an additional ten percent if the city does not have to go through the condemnation process since there would be costs on both sides.
The owners are contemplating a counter offer to the city, and are aware that we will be seeking condemnation authorization. If staff is able to come to terms, the condemnation will not be needed.