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<br /> r <br /> I CITY OF ARDEN HILLS <br /> it MEMORANDUM <br /> DATE: September 19, 1997 <br /> I TO: M.,.. ~d C;ty Co.". @ <br /> I FROM: Brian Fritsinger, City Administrato (3 f <br /> SUBJECT: Welsh Purchase and Sale Agreement <br /> I Requested Action <br /> - <br /> I The City Council is asked to consider the approval of the Purchase and Sale Agreement between <br /> the City of Arden Hills and Welsh Development Company, LLC. <br /> I Backl:round <br /> The City Council has been involved with negotiations on the development of the Gateway <br /> Business District (GBD) with Welsh Development Company, LLC for the last two years. The <br /> I developer has been in the process of obtaining the rights of ownership to several parcels of <br /> property within the GBD. <br /> Ie The Planning Commission and City Council previously reviewed Planning Cases #97-06 and <br /> #97-17, which addressed the acquisition and sale of the property in question in August. The City <br /> Council found that the proposed sale of City property to facilitate the proposed development in <br /> I compliance with the City's Comprehensive Plan, This action was required by Section 20-24 (a), <br /> (2), of the City Code, <br /> I The subject property included in the attached Purchase and Sale Agreement includes several <br /> pieces of property. The largest piece includes the former Kern Milling rendering plant. The <br /> I other pieces of property include those properties which are being considered for acquisition from <br /> Naegele Outdoor Advertising, Inc, <br /> I What is the Purchase Price? <br /> The purchase price for the property is proposed to be $408,640. This would include $323,385 at <br /> the time of closing. The remaining $85,255 will be forgiven as a result of consideration for <br /> I wetland mitigation being undertaken by the developer. The developer has indicated that he <br /> would like to receive reimbursement for several costs which, if approved by the City Council, <br /> affect the final sales price. These items were previously identified for the City Council and <br /> I include: <br /> . Removal ofKem Milling foundation- $61,405 <br /> I . Removal of Gas Piping - 4,060 <br /> . Removal of Water Main Piping - 8,210 <br /> .. <br /> I <br />