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City of Centerville <br /> Council Meeting Minutes <br /> October 26,2005 <br /> Motion by Council Member Lakso, seconded by Mayor Caara to approve a City <br /> investigation into this matter by an outside consultant All in favor. Motion carried <br /> unanimously. <br /> 3. 1601 LaMotte Drive(,Update) <br /> Mr. Larson referred to a memo distributed to the Council regarding the surplus property <br /> south of the water pumping station on Centerville Lake. <br /> Mr. Larson outlined the tentative agreement that the St. Paul Regional Water Services has <br /> indicated they would support to allow for the City of Centerville to purchase the property. <br /> Mr. Larson distributed a report identifying the source of funding for the purchase. He <br /> commented on the legal issues regarding eminent domain, market rates and the re-selling <br /> of the property at some point in the future. <br /> Council Member Paar indicated his concern putting the City's budget in jeopardy and <br /> limits on what the City can do with the property. <br /> Mr. Larson advised the financial scenario that was distributed clearly illustrates that the <br /> City can pay the first and second payments. The third payment would not occur for 2 1/2 <br /> years. The worst-case scenario would involve the City selling a portion of the property to <br /> make the third payment. <br /> 4. Approval of Settlement Agreement <br /> Motion by Council Member Paar, seconded by Council Member Terway, to accept <br /> the Approval of Settlement Agreement as presented. <br /> Mayor Capra noted this is the last settlement agreement in the amount of$65,000. <br /> All in Favor. Motion carried unanimously. <br /> 5. Economic Development Committee(EDC)—Request for Disbanding and <br /> Turning Over Duties to Council <br /> Council Member Paar referred to a letter from the EDC indication they are disbanding <br /> and turning over to Council any tasks or functions the committee has performed or is <br /> slated to perform. <br /> Council Member Paar stated the City needs to look at possibly forming and EDA and <br /> hopes some of the members of the EDC would help with that. <br /> Mayor Capra stated the Council should review this issue at the beginning of the year. <br /> Page 7 of 8 <br /> 63 <br />