Item Coversheet

11.A.5.


Shakopee City Council
June 20, 2017

FROM:Michael Kerski
TO:Mayor and Council Members
Subject:
Purchase of Property for Future Redevelopment Project
Policy/Action Requested:
Acquire property for future redevelopment activity.
Recommendation:
Approve Resolution Number 7902 to acquire to parcels, 321 1 Ave W, PID Numbers 270010820 and 270010830.
Discussion:

This property is currently a surface parking lot and a commercial building occupied by Doggie Doos daycare, boarding and grooming.

 

The owner of the property is willing to sell the property to the city.  It would be combined with an adjacent property that the city would purchase and with property and existing right of way to the rear.

 

The owner of the property would like to close on this property in April 2018.  The city has been working with the current tenant to acquire property to construct a new facility.  This would allow the tenant time to relocate.  The redevelopment plan allows additional time for the tenant to relocate.

Budget Impact:
Council would need to budget additional funding int he 2018 budget into the property acquisition fund.
ATTACHMENTS:
Description
Resolution 7902
Purchase Agreement
Property Card
Property Card B