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REQUEST FOR COUNCIL ACTION <br />AGENDA SECTION: ORIGINATING DEPT./DIV.: <br />EETING 1-12-76 <br />This 'is a parcel of land owned by O'Meara and Cave Builders which was included in the <br />State Central Park Land Acquisition Grant. It is located on Brooks Avenue and iumdiately <br />south of Roseville Central Park. A tentative agreement has been negotiated with the owners <br />to purchase the property for the sum of $5,800. In addition it was agreed that the City <br />would pay the cost of the owners appraisal in the amunt of 1300, <br />The City's appraiser valued the land at $4.,000, This was based on his estimate that 'it <br />would cost approximately $8,500 to prepare the site for development and there 'is an <br />ex1sting 25 foot sanitary easement across the lot frontage,, <br />The City -retained Twin City Testing to perform soil tests -canalyze site preparation <br />requ:L-rements and submit estimated costs to prepare the site for development. The con- <br />clusion of this investigation was it would cost approximately $6,500 at a mini-mum, to <br />�repare the site for a residential development. This report information was the basis <br />for arriving at the tentative agreement to purchase the parcel. <br />Action Requested: Nbtion authorizing the Mayor and Manager to sign the <br />earnest mmey contract to purchase Lot 3, Block 7. <br />Michels 4th Addition fram O'Meara and Cave Builders <br />in the amomt of $5,8001, and to pay $300 for the owners <br />