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. retain an access easement to Victoria Street to serve the City's parcel so that it can't <br />., become landlocked. <br />.. • The parking area shall be installed upon the completion of United Properties' Applewood <br />�. Pointe project (anticipated by September 1, 2017) or if the project is not built, no later <br />than December 31, 2018. <br />., • United Properties will provide a temporary parking area before development begins as <br />._ well as during construction on the site. <br /><<� • While there is no specific closing date, it is expected to occur sometime in November and <br />� soon after United Properties purchases the property from the Roseville School District <br />���� and satisifies any additional contingencies, such as platting the property. The City has <br />� indicated it will assist in facilitating a prompt closing. <br />POLICY OBJECTIVE <br />The purchase of this property will protect the Owasso Ballfields site for Park and Recreation use <br />into the future. <br />BUDGET IMPLICATIONS <br />��<� It is anticipated that the funds to purchase the property will be coming out of Park Dedication <br />� funds, not the General Fund. <br />��� Staff time, consultant time, and the City Attorney will be necessary to prepare, review and <br />� process the documents for the transaction which would also likely come from the Park <br />� Dedication fund, not the General Fund. <br />�� The sale of the 0.3 acre lot on Lexington Avenue as part of this transaction will represent an <br />� asset that could have provided financial benefit to the General Fund, if sold in the future. <br />. At present, the site represents an operating expense since it requires ongoing mowing services. <br />� These ongoing costs have recently been incurred by the Housing and Redevelopment Authority <br />5 (HRA). <br />' � � STAFF RECOMMENDATION <br />� Staff recommends the approval of the attached resolution that will authorize taking all actions <br />c necessary to enter into the purchase agreement with United Properties for the purchase of the <br />c Owasso Ballfields site and performance of the actions necessary to meet the City's obligations. <br />t; REQUESTED COUNCIL ACTION <br />c Offer a motion to approve the attached Resolution authorizing entering into the purchase <br />c-� agreement with United Properties for the purchase of the Owasso Ballfields site and performance <br />of the actions necessary to meet the City's obligations identified in the executed purchase <br />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/Sale Agreement <br />C: Draft Access and Parking Easement Agreement <br />D: Former Owasso School Site Plan <br />E: Location of Lexington Lot <br />Page 2 of 2 <br />