Laserfiche WebLink
Page 1 of 2 <br /> <br /> AGENDA ITEM – 1C <br /> <br />MEMORANDUM <br /> <br />DATE: November 15, 2021 <br /> <br />TO: Honorable Mayor and City Councilmembers <br /> Dave Perrault, City Administrator <br /> <br />FROM: Jessica Jagoe, City Planner <br /> <br />SUBJECT: Sale of City Owned Parcel at 3588 Ridgewood Road <br /> <br /> Budgeted Amount: Actual Amount: Funding Source: <br /> N/A N/A N/A <br /> <br />Council Should Consider the Following <br /> <br />The City Council should discuss and provide direction on selling the City owned parcel at 3588 <br />Ridgewood Road. <br /> <br />Background <br /> <br />At the October 18th City Council Work Session, the Council discussed possible actions for next <br />steps in proceeding with the potential listing of 3588 Ridgewood Road. One of the <br />considerations for the Council was whether the City owned parcel would be marketed to the <br />adjacent Property Owners at 3583 Snelling Avenue and 3570 Ridgewood Road or placed on the <br />MLS for broad sale to the general public. The consensus of the Council was that Staff would <br />proceed with obtaining an appraisal and the property would be marketed through a licensed real <br />estate agent to the general public. Staff was directed to bring back to the Council at a future <br />work session the appraisal information and general feedback from a real estate professional on <br />marketability of the lot. <br />Following the work session meeting, the adjacent Property Owner at 3570 Ridgewood Road sent <br />an email requesting City Council reconsideration of their interest in listing the property to the <br />general public and wishes to engage the Council in discussion on purchasing the property in <br />advance of any further action on the City’s part. <br />Since the work session, Staff has contacted two appraisal services and has received a quote of <br />approximately $2,400 and a timeline of 4-6 weeks to perform the appraisal. In addition, Staff <br />contacted the City of Mounds View on process they’ve followed for agent selection and the City <br />Attorney on recommended next steps. The general guidance was that local agents should be <br />approached and provided some sort of informational packet on the parcel (i.e. site map, acres, <br />zoning, City’s intended use of site, timing, etc.). This packet would provide a date for their