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MIEETING <br />R LW 'T C'UNCIL, ACTION DATE <br />0"UE5 KJK U <br />AiGENDA SECTION " ORIGINATING DEPT./DiV.- <br />REPORTS AND RECOMMENDATIONS 01 PUBLIC WORKS <br />ME M N 0. ITEM DESCRIPTION'.' Option Agreement with Ma,ric,o Construction <br />Company-Northwest Corner of Co. Rd. B and S�nel,ling Avenu]; <br />ff= <br />DEPT. HEAD APPROVALZ <br />Earlier, this year., the council approved a deveilopiment plan -and variance for <br />Marco Construction (Irvi Margolis) at the current Last Frontier Restaurant site. <br />A condition, p�l,a,ced, on that -approval was, the execution of an agreement allowing <br />the citylto purchase the portion of the propeTty to relocate th Is <br />e existine frontage <br />road aloing Snielling Avenue, The agreed upon purchase price was $135, <br />the optilon to purchase cion,tinu,ing until May 1. 19866 .560.75, wo th <br />The, attorneys have draftedi-the option agreement and Marco Construction has signed <br />1t. The next step would be for Roseville to also sign this agreement, <br />RECOMMENDED COUNCIL ACTION: Adoption of the motion authorizing the Mayor and, <br />Manager to execute the option agreement for purchase <br />of road right-of-way at, the northwest corner of <br />Snelling Avenue and County Road B for • total amount <br />Of. 5160.751. <br />