2011-06-22 CC Packet - Laserfiche WebLink

Home Browse Search

i �, � - - e� t e rv�CCe 1880 �fain Street, Centervi!!e, 9NNSS038 � �� f t.l �7�i.� �? t'c� �a�i ` � 657-429-3232 or �f'v.� 651-429-8629 June 16, 2011 Memo to Council Re: Shovel Ready Certification for City Property Along Commerce Drive At the last work session we discussed whether the city should expend the time and money to enroll the city land north of Commerce Drive, in the Minnesota "Shovel Ready" certification program. The costs to complete the application are estimated as follows: Minnesota Fee due with application $2,950 Engineering assistance to complete application 500 Phase I environmental $2,400 ALTA title commitment $ 500 Total $6,350 While it is not guaranteed, Connexus has given us a strong indication that they will be able to reimburse us for the application fee. They plan to fund two communities this year, and hope to fund two more next year. So far they are committed to one community project. There are no strings attached to their program except that the certification must be completed in 2011 and the property needs to be in their service area. A memo from Connexus is attached. If we are granted funding by Connexus, the City's net cost would be $3,400. It should be noted that these costs would be incurred prior to a sale anyway, so these costs can be viewed as an investrnent in the property that should reduce the time needed to close a future sale. I expect that we could complete and submit the application by the end of July. I have attached a partially completed application. I recommend that the council proceed with the application for "Shovel Ready" certification. Dallas Larson, City Administrator 21