CC_Minutes_2008_1110 - Laserfiche WebLink

Home

Regular City Council Meeting Monday, November 10, 2008 Page 7 how best to achieve a balance between providing the public with applicable in- formation, while not inundating them with too much information. It was Council consensus that the LMC model would serve as a good starting point; and asked City Manager Malinen and City Attorney Squires to work to- gether on an initial draft policy for further City Council discussion. c. Consider Authorization to conduct Environmental Investigation and Ap- praisal for Property located at 2785 Fairview Avenue Community Development Director Patrick Trudgeon advised that the property owners of 2785 Fairview Avenue (Hagen Ventures LLC) had approached the City to inquire whether the City would be interested in purchasing their property. Mr. Trudgeon noted that the future Twin Lakes Parkway, as officially mapped, was located on a portion of the property. Mr. Trudgeon advised that a Phase I envi- ronmental review was currently underway and would be completed shortly. Mr. Trudgeon reviewed the environmental investigation recommended by staff of per- forming due diligence on the property in order to fully understand potential con- tamination before responding to the owners, as detailed in the Request for Council Action dated November 10, 2008, . Discussion included funding for the environmental reviews, including Tax Incre- ment Financing (TIF) Districts 17 and 17a for those eligible expenses and future reimbursement as the area develops; investigation of and request by the owner to purchase the entire property, not just that needed by the City for right-of--way for the proposed Twin Lakes Parkway; and projected costs for completing the Park- way. City Engineer Debra Bloom advised that the total cost of Twin Lakes Parkway, the entire public improvements identified in Subarea I is estimated at $10.9 mil- lion, and did not include periphery improvements included as part of the cost allo- cation study; and noted those costs eligible to be assessed back to properties as they develop, in accordance with previous City Council action, based on vehicle trips. City Manager Malinen noted that another option would be TIF District #1 (Center Pointe) from eligible expenses for environmental remediation funds. Councilmember Pust requested that, as staff proceeded with future appraisals, that they structure them to know the value of just the right-of--way versus other por- tions of the property to facilitate a larger future discussion. Klausing moved, Roe seconded, authorizing the City Manager to enter into con- tracts with an environmental engineering firm/firms to conduct Phase II and Pre- demolition Surveys for environmental investigation at 2785 Fairview Avenue and Dahlen, Dwyer & Foley, Inc. to conduct an appraisal of 2785 Fairview Avenue.