Book #83 6-29-99 -12-22-99 Rpt # 99-152

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Agenda SectionVT T T-6 q CITY OF NEW BRIGHTON Report Number:99-276 REQUEST FOR COUNCIL CONSIDERATION • Report Date: December 14 , 1999 ITEM DESCRIPTION: RESOLUTION AUTHORIZING EMINENT DOMAIN PROCEEDINGS TO ACQUIRE CERTAIN REAL PROPERTY(TOM THUMB,TIF#26) DEPT. HEAD'S APPROVAL: Kevin Locke, Director of Community Development MANAGER'S REVIEW/RECOMMENDATION: No comments to supplement this report Comments attached EXPLANATION/SUMMARY (attach supplemental sheets as necessary): Over the past several months, the City has undertaken the task of acquiring six parcels at the north end of TIF District#26. These parcels are needed as part of the Main Street Village redevelopment project.The City has acquired or agreed to terms on four of the parcels. Negotiations on the remaining two parcels are continuing.In order for the Main Street Village project to proceed next spring, the City must complete the acquisition process. To ensure that the City can meet the terms of our redevelopment agreement, authorization of the use of the City's power of Eminent Domain is being requested at this time for the property located at 615 Old Highway 8 NW. This is the site occupied by Tom Thumb. This parcel is critical to the Main Street Village redevelopment project and needs to be acquired in a timely manner for the redevelopment project to proceed as scheduled. The City rarely actually acquires a earcel through Eminent Domain and it is unlikely that, in the end, it will be needed for the Tom Thumb acquisition. However, the authority to use Eminent Domain makes it possible that the City will be certain it can acquire the property in time for the redevelopment project to proceed, even if the City and Tom Thumb have not agreed to the final price of the property. Currently Tom Thumb is asking for compensation more than twice the City's offer of$325,000. The City will continue to negotiate with Tom Thumb and work jointly with the developer on the potential relocation of Tom Thumb into the Main Street Village project. Staff recommends that the attached resolution prepared by the City Attorney,authorizing Eminent Domain be approved. RECOMMENDATION: TO WAIVE THE READING AND ADOPT THE RESOLUTION AUTHORIZING EMINENT DOMAIN PROCEEDINGS TO ACQUIRE CERTAIN REAL PROPERTY IN TIF DISTRICT#26. Ke in Locke,Director of Community Development • I:ISHAREDICOUNCILIREPORTS11999\99-CDMemment domain torn thumb.wpd r