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Attachment G <br />R1�� <br />1�� <br />Community Development Department <br />Memo <br />To: Mayor, City Council <br />cc: Bill Malinen, City Manager <br />From: Patrick Trudgeon, Community Development Director <br />Date: June 3, 2009 <br />Re: Consideration of purchasing property for the Twin Lakes Infrastructure Project and <br />proposed settlement of eminent domain action for properties located at 2690 <br />Cleveland Ave. and 1947 County Road C. <br />The purpose of the closed executive session is to discuss the purchase of portions of property <br />located at 2690 Cleveland Ave. and 1947 County Road C, City of Roseville for road and <br />construction purposes as part of the Twin Lakes Phase I Infrastructure Project. The <br />properties are owned by Roseville Acquisitions LLC (Roseville Properties). <br />On April 8, 2008, City staff sent out offer letters to property owners within the Twin Lakes <br />redevelopment area for the purchase of land and temporary construction easements for the <br />Twin Lakes Phase I infrastructure project based on City Council action taken at the March <br />23, 2009 City Council meeting. <br />The City sent two offer letters to Daniel Commers of Roseville Acquisitions, LLC. The offer <br />amounts, which were based on appraisals, were $1,031,200.00 for 2690 Cleveland Ave. and <br />$1,051,500.00 for 1947 County Road C. The grand total that was offered to Roseville <br />Acquisitions, LLC was $2,082,700.00. <br />In response to the City's offer, Roseville Acquisitions LLC sent a letter dated Apri124, 2009 <br />to the City with their comments on the offer. City staff and Roseville Acquisitions met on <br />May lst to discuss the offer and review their comments. As a result of the meeting, City <br />Manager Malinen sent Roseville Acquisitions, LLC a letter dated May 1, 2009 responding to <br />Roseville Acquisitions letter of Apri124, 2009. <br />On May 20, 2009, the City received a letter from Roseville Acquisitions LLC stating that they <br />would agree to settle on the terms for purchasing the needed property with the understandings <br />discussed in the May 1, 2009 letter from City Manager Bill Malinen and in the settlement <br />amount of $2,107,700.00 <br />