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REQUEST FOR HRA ACTION <br />Date: 2-21-12 <br />Item No: 9b <br />Staff Approval: Agenda Section: <br /> PT Action Item <br />Discussion of 2325 Dale Street/Dale Street Fire Station (HF0117) <br />Background <br />At the January RHRA Board meeting, the Board discussed the possible purchase of 2325 Dale <br />Street, which is currently listed for sale. Since the land is adjacent to the Dale Street Fire Station <br />that will be closed once the new fire station is completed at the City Hall campus, there is an <br />opportunity to combine the parcels into a two-acre multi-family redevelopment project. (2325 <br />Dale Street is currently zoned High Density Residential). From discussions with the City <br />Manager, there is interest for the City to work with the HRA to assemble the land in order for a <br />third party to develop the property. While there is an expectation that sale of the fire station land <br />will generate revenue for the City, the City Manager is willing to further explore the possibilities <br />of a redevelopment of the property without an exact figure for reimbursement in mind. <br />At the last meeting, the RHRA Board instructed staff to bring back information on how to <br />proceed with the purchase of 2325 Dale Street. Staff suggests that the Board give staff direction <br />to order an appraisal for the parcel and then negotiate a purchase agreement based on that <br />appraisal. Staff would bring the negotiated purchase agreement to the RHRA Board for its <br />consideration. <br />The property, 2325 Dale Street, is owned by Fred and Leah O’Neil and currently contains a <br />single-family house that is vacant. The property is zoned High Density Residential and is <br />approximately 0.94 acres. Ramsey County’s assessed value for 2011 is $214,700. It is currently <br />being listed for $298,000. <br />Suggested RHRA Action <br />Direct Staff to order an appraisal and negotiate a purchase agreement for 2325 Dale Street for <br />RHRA Board approval at a future meeting. <br />Prepared by: Patrick Trudgeon, HRA Executive Director (792-7071) <br />Attachments: Map of Subject Property <br /> Aerial of Subject Property <br /> Listing information for 2325 Dale Street <br />2325 Dale Street/Dale Street Fire Station - Page 1 of 1 <br /> <br />