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2015_0406_CCpacket
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��� <br />� <br />REQUEST FOR COUNCIL ACTION <br />Department Ap�roval <br />� �� �.�- <br />Item Description: Dale Street Fire Station Site Redevelopment <br />BACKGROUND <br />Date: April 6, 2015 <br />Item No.: 8.f <br />City Manager Approval <br />At its March 23, 2015 meeting, the City Council authorized presenting an offer to the Housing <br />and Redevelopment Authority (HRA) for the purchase of property in the Dale Street Fire Station <br />Redevelopment Area. <br />The HRA's attorney prepared the attached purchase agreement which was reviewed by the City <br />Attorney (Attachment B). <br />At its March 31, 2015 meeting, the HRA approved a resolution approving the purchase <br />agreement as it was presented and authorized staff and HRA ofiicials to take all actions <br />necessary to perform the Authority's actions under the Purchase Agreement. <br />POLICY OBJECTIVE <br />The redevelopment of this site satisfies many of the City's policy objectives related to <br />elimination of blight and promoting the redevelopment of a wide range of housing options. <br />BUDGET IMPLICATIONS <br />It is anticipated that the funds to purchase the property will be coming out of TIF funds, not the <br />General Fund. Staff time, including the City Attorney and HRA Attorneys will be necessary to <br />prepare, review and process the documents for the transaction. <br />STAFF RECOMMENDATION <br />Staff recommends the approval of the attached resolution that will authorize taking all actions <br />necessary to enter into the purchase agreement with the HRA. <br />REQUESTED COUNCIL ACTION <br />Offer a motion to approve the attached Resolution authorizing entering into the purchase <br />agreement with the HRA for the HRA owned land in the Dale Street Fire Station Redevelopment <br />project area and performance of the actions necessary to meet the City's obligations identified in <br />the executed purchase agreement. <br />Prepared by: Paul Bilotta, Community Development Director <br />Attachments: A: Resolurion Approving the Purchase of Certain Land in the City of Roseville <br />B: Draft Purchase Agreement approved by the HRA <br />Page 1 of 1 <br />
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