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CITY OF CIRCLE PINES 200 Civic Heights Circle Telephone: (763) 784-5898 Circle Pines, MN 55014 Fax: (763) 785-2859 www.ci.circle-pines.mn.us TDD: (763) 784-9724 Memo To: From: Date: Re: Police JOin~R w rs N.ego~ Team Jim Keinat . ~ December 7, 004 Compensation to Circle Pines for Land and Lease After reviewing this with the City Council, we are requesting the following compensation. For the lease, the City of Circle Pines has invested over $36,500 in repairs and enhancements to the building systems over the last couple years. The city's only means of recouping that investment was the future lease payments. As a result, we are requesting a payment from Lexington for buyout of their portion of the lease of $14,550. We are requesting a payment of $16,975 from the City of Centerville. That would allow for the termination of the lease on January 1, 2006, or the point the police department moves into their new headquarter facilities. As to compensation for the value of the land, Circle Pines only wishes to recover its costs of acquiring the land. If the Police Governing Board is willing to compensate the City of Circle Pines for its cost of acquiring the land from Anoka County, including the costs of surveying, engineering and legal work from the building bonds proceeds, then the city will at the end of the lease deed the land to the other cities in the appropriate percentages for a dollar. To date we have incurred $5,663 in engineering costs and $8,500 in surveying costs. There is probably another $1,000 in legal costs. At this point it is unclear whether the county will actually require us to trade a portion of the city's property adjacent to the site for the land from the county. If they do require the transfer of that property, the city would request reimbursement for a mutually agreed upon value for the traded property. . JWKllg Printed on Recycled Paper