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City Council Regular Meeting - 12/19/05 DRAFT Minutes - Page 20 Maschka moved, Ihlan seconded, scheduling a Public Hearing for January 9, 2006 for consideration of revisions to the 2006 Resolution related to fees. Roll Call Ayes: Kough; Maschka; Ihlan and Klausing. Nays: None. Abstentions: Schroeder. Recess Recess Mayor Klausing recessed the meeting at approximately 7:55 p.m. and reconvened at 8:07 p.m. 8. Update about Property Acquisition at Twin Lakes; Consider Eminent Domain Resolution Attorney Rod Krass of the firm Krass Monroe, provided a historical review of previous meetings related to property acquisition by Roseville Twin Lakes, LLC (the redeveloper) and real estate representatives and possible use of eminent domain. Mr. Krass advised that the redeveloper and real estate consultants had made additional offers, in accordance with City Council instruction, on four remaining parcels. Mr. Krass noted the need fro prudence in not disclosing amounts in a public setting, the aggregate offers made by the redeveloper were 97% of the aggregate values determined by the City's own appraisers; and that despite those significant advances, the remaining four parcels remained unacquired. Mr. Krass advised that the parties were in similar agreement related to property values, but the amount determined to be escrowed for potential contamination appeared to be the problem. Mr. Krass noted that six properties were included as attachments to the resolution, the four previously identified, in addition to two additional properties; one as per the request of the property owner for IRS purposes, and one due to a tenant not wishing to relocate. Mr. Krass noted that all properties were owned by sophisticated Resolution 10367 Update about Property Acquisition at Twin Lakes; Consider Eminent Domain Resolution