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Regular City Council Meeting Monday, October 19, 2009 Page 17 Discussion included potential combining of the parcel to the north in the future; potential use of the parcel for water storage; and the need for the City to proceed with a platting process to best serve the City, whether via an outlot or right-of- way with the existing building being anon-conforming use and situation created by the City over the next few years. Klausing moved, Johnson seconded, approval of entering into a Purchase Agree- ment with Hagen Ventures, LLC to purchase a portion of 2785 Fairview Avenue for the road and infrastructure purposes within Twin Lakes; in the amount of $1,006,500; to be funded through existing Tax Increment Finance (TIF) balances. Councilmember Roe spoke in support of this action, noting that a question had been raised as to why acquire the property now based on current budget con- straints. However, Councilmember Roe opined that the condition of the market- place allowed the City to purchase the property now for future right-of--way ad- vantages for the City, by using available tax increment financing (TIF) funds and taking on no additional debt, but basically using money in savings. Councilmem- ber Roe, while not originally supportive of acquiring all of the property, further opined that it made sense to acquire the proposed portion of the property at this time in anticipation of future infrastructure improvements. Mayor Klausing spoke in support of the motion, echoing Councilmember Roe's observations; opining that it was much preferable to have both a willing seller and purchaser, rather than use of an eminent domain process. Roll Call Ayes: Roe; Johnson; Pust; and Klausing. Nays: None. 13. Business Items - Presentations/Discussions 14. City Manager Future Agenda Review City Manager Malinen reviewed upcoming agenda items. 15. Councilmember-Initiated Items for Future Meetings 16. Adjourn The meeting was adjourned at approximately 8:32 p.m.