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<br />. <br /> <br />Prepared by: KCB ~ <br />Dept.: CD <br />Council Mtg. Date: 6/26/06 <br />Final Actiol1 Needed By: <br /> <br />~ <br />--7\~HILLS <br />City otArden Hills <br />Request for Council Action <br /> <br />Agenda Item8~ <br />Motion to Approve Purchase Aareement for Old City Hall Site <br />Budgeted Amoul1t: 1Q <br />Actual Amount: <br />Funding Source: <br /> <br />. <br /> <br />Council Action Request: <br />Motiol1 to approve or reject purchase agreement betweel1 the City of Arden Hills and Royal Oaks Realty, <br />Inc., for the purchase of the Old City Hall/Public Works Site. <br /> <br />Staff Recommendation: <br />Motion to approve the purchase agreement between the City of Arden Hills and Royal Oaks Realty, Inc., <br />for the purchase of the Old City Hall/Public Works Site. <br /> <br />Advisory Commission Action: <br /> <br />Commission <br /> <br />Date <br /> <br />Action <br /> <br />Planning <br />PTRC <br /> <br />Not Applicable <br />_.No! Applicable ... <br />Not applicable <br /> <br />Supporting Documents (which are attached to this Action Form): <br /> <br />. <br /> <br />X Memo/Letter: <br />Staff Memo <br />o Resolution (No. ) <br />o Ordil1ance (No. ) <br />o Engineering Recommendation: <br /> <br />o Attorney Recommendation: <br /> <br />X Other: <br />Purchase Agreement <br /> <br />Royal Oaks' Letters of Offer <br /> <br />Financial Implications: <br />Income to the City in the amoul1t of $2,037,824.00 ($1,997,824 for the purchase of the property al1d <br />$40,000 in park dedication fees) <br /> <br />Administrator/Staff Comments: <br />See memorandum <br /> <br />. <br /> <br />Page 1 of 1 <br />