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City staff is currently looking to partner with the Capitol Region Watershed District (CRWD) on � the acquisition of the parcel. The added protection to these water resources that ultimately drain . to Lake McCarrons would be beneiicial to both parties. The Capitol Region Watershed District .� will be considering our request for participation in the purchase of this parcel at their May 6tn ., Board meeting. Information on the result of the CRWD Board meeting will be presented at the � City Council meeting. .. Staff has met with the property owners to discuss the purchase price. The property owners are �� willing to sell this parcel to the City for the intended use. � If acquired, staff is proposing that this parcel be incorparated into the existing Pioneer Park which borders this parcel to the north. �': POLICY OBJECTIVE �� Section 4.2 of the City's Surface Water Protection Plan, Goal 2, Policy No. 3 states "The City shall enforce the Shoreland, Wetland and Storm Water Management ordinance to regulate alterations of shorelands and wetlands and to maintain existing aquatic, vegetation and wildlife �. conditions to the maximum extent possible." By acquiring this parcel, the City and watershed �-� will ensure the protection of the wetland buffer within this parcel and protect against potentia] development on this parcel. The construction of the wetland feature will also help enhance the �� water quality of the runoff currently entering this area from adjacent Victoria Street. � Also stated in the same plan, Section 4.6 Coordination and Collaboration, Goal 6(Coordination : and Collaboration), Policy No. 4, "The City shall seek opportunities to leverage limited available ., funding through project partnerships." The City and CRWD potentially can partner in the c� � acquisition of this parcel for the overall beneiit of the adjacent wetland features as well as the f overall watershed district. 5 FINANCIAL DISCUSSION � An appraisal of the property determined that the cost of the necessary drainage and utility � easement would be approximately $57,900 while the total value of the parcel is $96,500. �: Staff would use funds from the City's Stormwater Utility Fund for the purchase of either the �� easement or the full parcel. If we are successful in obtaining a grant from the Capitol Region � Watershed District, those funds would offset the use of the Stormwater Utility Fund. STAFF RECOMMENDATION c Staff recommends Council approve the purchase of the Parcel PID 142923240029 in the amount of F� $96,500 with cost participation from the Capitol Region Watershed District. t : REQUESTED COUNCIL ACTION c�: Approve the purchase of the Parcel PID 142923240029 in the amount of $96,500 with cost c� participation from the Capitol Region Watershed District. Prepared by: Marc Culver, Public Works Director Attachments: A: Parcel Figure Page 2 of 2