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O <br /> -ARZEN HILLS <br /> MEMORANDUM <br /> DATE: June 8, 2010 Item 3.0 <br /> TO: Finance Planning and Analysis Committee <br /> FROM: Patrick Klaers, City Administrator <br /> SUBJECT: Hazelnut Park <br /> Representatives of Trinity Lutheran Church have approached the City regarding the <br /> possibility of the City leasing or purchasing property from the Church. The Church has <br /> what it feels is excess property that it no longer needs or uses. The property under <br /> discussion is mainly used by the City for park and recreation purposes and boarders <br /> Hazelnut Park. <br /> The relationship between the City and the Church for the City's use of Church property <br /> started out as a"handshake deal" and more recently moved to a brief written agreement <br /> 40 that mainly deals with the parking lot. For numerous reasons the Parks, Trails and <br /> Recreation Commission believes that it is in the City's best interest to address this <br /> situation in a more permanent manner. <br /> As time allows, I would like to share with the FPAC a map that show the property in <br /> question and talk about the pros and cons for a possible purchase or long term lease or <br /> combination purchase and parking/access agreement. <br /> One of the challenges with this issue is finding comparable sales and especially <br /> comparable leases.No appraisal has been completed for the Church property and the only <br /> land value data that is available comes from the County Assessor's office. <br /> Attached for your information is some background material on this issue. <br /> • <br />