1989-12-26 - Laserfiche WebLink

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I I I Council Meeting Minutes December 26, 1989 Page 7 Council Business, continued Being that the site is a former landfill, Braun Environmental Laboratories performed extensive testing of the site for signs of hazardous wastes, soil, and water contami nati on. No si gnifi cant problems were found, and the MPCA reviewed the study's results and would not require any cleanup activities. The terms of the City's acceptance of the donated land and the purchase of the remaining land would require Miller to take the land back if a contamination proble~ is discovered later. Purchase of the 8.6 acres of Miller property would be funded from Tax Increment Districts. land acquisition is an allowable use of Tax Increment funds and the existing Tax Increment Districts generate sufficient revenues to pay for the purchase of the Miller property without adversely affecti ng the exi sti ng Tax Increment projects. When it is decided to develop the Miller property, a TIF District will be formed which will capture tax increment to cover the money spent to acqui re the Mi 11 er property. The Ci ty woul d pursue opportunities to lease out the Miller property during the interim period between its acquisition and development. This revenue could be used to cover acquisition costs. To begin acquisition of the Miller Property, the City must adopt a resolution accepting the donation of 3.47 acres of land authorizing the execution of a donation agreement which spells out the terms of the acceptance of the donation. After review of the donation agreement by City Attorney LeFevere, paragraph three of the agreement has been eliminated. The paragraph referred to the donation being made cOhditional upon the successful negotiation, execution and performance of a contract for the purchase of the remaining parcel. Benke noted that the acceptance of the donation is not contingent upon and does not commit the City to subsequent action of the remaining property. Gunderman confirmed that the City's ownership of the donated acreage would be retained upon the Council IS decision not to purchase the remaining property. Locke said the remaining property, which ;s not included in the donation, has access to Old Highway 8. Locke feels the portions of poor soil content woul d not ; nterfere with a major development project. Larson added that the poor soil content exists mainly from naturally occurring soil problems such as bogs and sediment. Council Business Consideration of Acceptance of Donation of John Miller Propert Report 89-313