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<br />city of Roseville <br />Community Devel~ Dqmtment <br /> <br /> <br />MEMO <br />April 25, 1994 <br /> <br />TO: <br /> <br />Steve Sarlrozy, City Manager <br /> <br />RE: <br /> <br />Dennis P. Welsch, CoIDUl1mity Development Director <br />ZEECE PROPERTY - CONSOLIDATION WITH CITY PROPERTY <br /> <br />FROM: <br /> <br />The 'k£œ property located at AJbermarle and County Road B is a subdivisioo that has not <br />devel~ because it has some soil prd>lems and until the Ia.\1 few years had no utilities 00 the site. <br /> <br />Within the p&t 2 weeks the Community Development Staff has begun worlång with Dave Webber, <br />of Pineview Overlook, Inc., a potential buyer of the 'k£œ site and the adjoining city parcel. <br />(Webber's company does small townhoose prQjects 00 infill sites. He currently has 2 projects under <br />construction in Plymouth and Oakdale. He is proposing using the combined site to construct 2 and <br />3 units townhoose structmes - a total of 32 to 38 new housing units. <br /> <br />Mr. Webber has asked that the city establish a value 00 the land and the soil correction work that <br />I11m1 be done in this prQject. Our staff has suggested that Webber provide the city with a proforma, <br />illustrating what the extraordinary costs of conmuction will be such as soil correctioo (currently <br />e&imated at $l30,<ro to $l80,<ro), sewer, water, and road co.\1s to the site. We will then attempt <br />to define the "financial gap" . <br /> <br />The City has spent $121,305 in acquiring the property (including a 'k£œ lot to gain access to the <br />city parcel). This rqm¡ents $ 1.22/s.f. Other nndeveq,ed residential property in the city has sold <br />or been 00 the market for $.82/s.f. to $.92/s.f. <br /> <br />Once we can agree upon a purchase price for the city land, Mr. Webber will submit a <br />pIqXJSed purchase agreement, subject to approval of the necessary comprehensive plan and zoning <br />(PUD) changes. <br /> <br />QUESTION: When would you like to discuss the concept of this land sale with the City Council? <br />... May 16th work session? <br /> <br />xc: Rick Jopke <br /> <br />Attachment: 'hece Plat and Parcel Map <br />Zoning and Compo Plan Map <br />