CCP 01-13-2009 (3) - Laserfiche WebLink

Home Browse Search

L� LJ b ow Of NEW BRKABION the city that works for you REQUEST FOR COUNCIL CONSIDERATION Report Number Agenda Section Council Meeting Date 09-031 VIII -1 January 13, 2009 ITEM DESCRIPTION: Consideration of a Purchase and Exchange Agreement by and between the City of New Brighton and MT Properties, Inc. for the Butcher's Spur. DEPARTMENT HEAD'S APPROVAL: Grant Fernelius, Community Development Director CITY MANAGER'S APPROVAL: Dean Lotter, City Manager No comments to supplement this re ort Comments attached U Recommendation: Staff recommends that the City Council approve the attached Purchase and Exchange Agreement by and between the City of New Brighton and MT Properties, Inc. for the Butcher's Spur and Exchange Parcel. Legislative History: October 9, 2007 City Council approves a Letter of Understanding (LOU) with MT Properties and Minnesota Commercial Railway for the abandonment of the Butcher's Spur and construction of a team track and southeast wye track.. March 25, 2008 September 9, 2008 December 9, 2008 Financial Impact: City Council approves an amendment to railroad team track project budget. City Council approves the final reimbursement to Minnesota Commercial Railway for the team track project. City Council tables action on Purchase and Exchange Agreement pending resolution of final agreement. Analysis is provided below. Explanation: Since early 2004 staff has been working with MT Properties, Inc. (MT Properties) and Minnesota Commercial Railway Company (Minnesota Commercial) on several railroad projects. These projects have included the abandonment of Butcher's Spur line in the Northwest Quadrant, construction of a functional replacement (also referred to as a "team track"), and the development of a new "southeast wye" connection near 1St Street SW. As the Council is aware, this project has taken a tremendous amount of time due to the complex negotiations with the railroad and the landowner (MT Properties).