2008_0630_packet - Laserfiche WebLink

Home

- "In th e of the "let it be resolved" section of the resolution n . The original draft resolution. stated ' 3 1 event the Developer is unsuccessful in completing the purchase of the Redevelopment Property, 32 to the extent authorized by law the (., Y ity will use its power of em�inent domain to acquire the 33 Redevelopment Property. " The revised draft ordinance both softens and qualifies the will 34 statement; it states.* "I the event the Developer or a substitute qualified redeveloper approved 35 by the City is unsuccessful in completing the purchase of the Dorso Redevelopment Property, 36 the (., Y ity would intend to, to the extent authorized by law and subject to the terms of a resolution 37 providing for filing of a condemnation petition, use its power of em�inent domain to acquire the 38 Drs o Redevelopment Property. " Mr. Martin believes that this language is sufficient to meet the 39 IRS test on eminent domain,, while Mr. Mandersheid believes that it more clearly shows that the 40 City is not obligated to undertake condemnation proceedings. 4 ,i 2.0 POLICY OBJECTIVE 42 2-1 RedevelODment of the Twin Lakes area has been a Iona standina aoal of Roseville 43 Comprehensive Plan. 44 3.0 FINANCIAL IMPACTS 45 3.1 There should be no immediate financial impact on the City by passing this resolution; however, 46 if the City did proceed with condemnation action, there would be an associated cost, which 47 could be recovered through a development agreement with the developer 48 4.0 STAFF COMMENT 49 4.1 Redevelopment of the Dorso property will be consistent with the Comprehensive Plan and Twin Lakes Master Plan. Eminent domain is one tool available to the City and to help foster the 1 redevelopment. The use of eminent domain, however, is strictly a policy decision. City staff as well as representatives from Briggs and Morgan will be in attendance to address City Council questions and comments 54 5.0 REQUESTED COUNCIL ACTION 55 5.1 Consider the adoption of the resolution authorizing the acquisition of the Dorso Property for Public Use by Right of Eminent Domain. W Prepared by: Jamie Radel., Economic Development Associates Attachments: A: Memorandum from Finance Director Chris Miller to the City Council, dated December 17, 2007 B: Meeting Minutes from the January 14, 2008 City Council Meeting C: Letter from Attorney Marc Manderscheid on Authority to Use Eminent Domain D: Draft Resolution Supporting Use of Eminent Domain Page 2 of 2