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<br />City of Centerville <br />Council Meeting Minutes <br />October 26. 2005 <br /> <br />Motion by Council Member {Auo. seconded bv Mavor Caora to aoorove a City <br />investi2ation into this matter bv an outside consultant. All in favor. Motion carried <br />unanimouslv. <br /> <br />3. 1601 LaMotte Drive (Update) <br /> <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 /> <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 /> <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 /> <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 /> <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 'lZ <br />years. The worst-case scenario would involve the City selling a portion of the property to <br />make the third payment. <br /> <br />4. Approval of Settlement Agreement <br /> <br />Motion bv Council Member Paar. seconded bv Council Member TeN.v. to acceot <br />the Aooroval of Settlement Al!I"eement as oresented. <br /> <br />Mayor Capra noted this is the last settlement agreement in the amount of$65,OOO. <br /> <br />All in Favor. Motion carried unanimouslY. <br /> <br />5. Economic Development Committee (EDC) - Request for Disbanding and <br />Turning Over Duties to Council <br /> <br />Council Member Paar referred to a letter from the EDe 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 /> <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 /> <br />Mayor Capra stated the Council should review this issue at the beginning of the year. <br /> <br />Page 7 of8 <br /> <br />1 <br />