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28 amount of contamination found on the site, and comments received from 4P ;.A and MD OH <br />2 when reviewing the reports. <br />1.5 In addition, in order to understand the fair market value, the City should conduct an appraisal of <br />the property. Staff would suggest using the company that previously conducted an appraisal of <br />32 the property; Dahl en, Dwyer & Foley, Inc for a cost to not exceed $7000. <br />3 3 1.6 Staff has secured the right-of-access for the property from Hagen Ventures LLB; to allow for the <br />environmental investigation and appraisal work. <br />3 5 <br />2.0 POLICY OBJECTIVE <br />1 1, <br />17 "" <br />261 The purchase of the property at 2785 Fairview Ave, for future Twin Lakes Parkway is <br />consistent with the Twin Lakes Master Plan, the Twin Lakes AUAR, and the Twin Lakes <br />Parkway Official Map, <br />I ("), 3. 0 FINANCIAL IMPACTS <br />"'I 1 3.1 The Phase 11 and Pre-Demolition Survey environmental investigation is estimated to cost <br />12 $21,000. This work would be paid from the TIF District 17A; the Hazardous Substance <br />Z4 � , 3 Subdistrict. The current balance of TIF District 17A is approximately $600,000. <br />3.2 The cost of the appraisal is estimated to be $7000. The costs for the appraisal would be paid <br />,l5 from TIF District 17, which currently has a balance of around $150,000. <br />Al 6 4.0 STAFF RECOMMENDATION <br />l7 4.1 Staff recommends that the City Council authorize the City Manager to enter in a contract with <br />an environmental engineering firm/firms to conduct Phase 11 and Pre-Demolition Surveys for <br />environmental investigation of 2785 Fairview Ave, and authorize staff to enter into a contract <br />5 with Dahl en, Dwyer & Foley, Inc to conduct an appraisal of 2785 Fairview, <br />5 1� 5.0 REQUESTED COUNCIL ACTION <br />52 5.1 Motion to authorize the City Manager to enter into contracts with an environmental <br />53 engineering firm/firms to conduct Phase 11 and Pre-Demolition Surveys for environmental <br />541 investigation of 2785 Fairview Ave. and Dahl en, Dwyer & Foley, Inc to conduct an appraisal of <br />55 2785 Fairview. <br />56 <br />57 <br />Prepared by: Patrick Trull on, Community Development Director (651) 792-7071 <br />Attachments: A: Site Map of 2785 Fairview Ave. <br />016�15 <br />