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REQUEST FOR COUNCIL ACTION <br /> DATE : 05/08/2000 <br /> ITEM NO: F— 3 <br /> art e t Appro al: M er A proved: Agenda Section: <br /> REPORTS <br /> Item Desc 'ption: City of Roseville, request to sell 2668 Lexington per Housing <br /> Replacement Program and Consistent with Comprehensive Plan <br /> (PF #3202) <br /> 1.0 REQUESTED ACTION <br /> 1.1 George Reiling has requested that Council consider the sale of City owned property located <br /> at 2668 Lexington Avenue to him. The property was purchased under the City's Housing <br /> Replacement Program in 1998 and if approved would be sold contingent upon a senior/high <br /> density housing development which is consistent with the Comprehensive Plan for the area. <br /> 1.2 Staff is requesting the approval to hire an appraiser from the City consultant pool to identify <br /> the appraised value of the lot, to determine sale price. <br /> 2.0 BACKGROUND <br /> 2.1 The housing replacement program was established in 1996 to help the City purchase, on a <br /> voluntary basis, outdated or non-code compliant structures that could not be economically <br /> rehabilitated or sold on the open market. The purpose of the program is to replace <br /> deteriorating lower value housing on scattered sites throughout the City with larger, higher <br /> value housing. The goal of the program is to increase property values and improve the value <br /> and aesthetics of the neighborhood properties. <br /> 2.2 The Council approved the purchase of the home at 2668 Lexington Avenue and the <br /> subsequent demolition in the summer of 1998 under the guidance of the Housing <br /> Replacement Program. <br /> 2.3 The Housing Replacement Program was amended by the Council at the April 10, 2000 <br /> meeting to ensure that the reuse of the city purchased lots are consistent with the <br /> Comprehensive Plan. <br /> 2.4 An offer has been made to purchase 2668 Lexington by George Reiling. Mr. Reiling is <br /> proposing a senior housing development north and east of the property and would like to <br /> incorporate the City lot into the project. <br /> 3.0 STAFF RECOMMENDATION <br /> 3.1 Staff recommends approval of the sale of 2668 Lexington Avenue to George Reiling with <br /> the sale price based on appraised value and with the condition that the land be used as <br /> part of a proposed senior housing development. <br /> PF3202-RCA(05/08/00)-Page 1 of 2 <br />