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�� . Cilv of Roseville. Minnesota � 4. Eminent Domain � (Minnesota Statutes 465.01,117,469.126,469.131) Eminent domain, or "condemnationn as it is commonly referred to, is a tool which � can be used to obtain control over redevelopment sites where mutual agreement between the buyer and seller cannot be reached. Eminent domain is most often the option of last resort, but sometimes it can be used amicably ("fnendly � condemnation") to assist the seller with benefits allowed under the Federal Tax Code. A city may exercise the right of eminent domain for the purpose of acquinng � pnvate property for any purpose for which it is authonzed by law. Its use in the process of economic development or redevelopment is authonzed by the City's designation of a development district within the boundaries of the City. Within � such districts the City may, among other things, acquire land or easements through negotiation or through powers of eminent domain. "Site control^ is of great significance in the realm of a redevelopment project. r� VUthout site control, whether by ownership, option agreement, or at minimum an indication from the property owner regarding their willingness to sell, most other discussion points are moot. Discussions about any level of development � assistance would generally not be a high prionty without knowing the most � significant factor upon which they depend — the pnce of the property. I n some cases attempting to attract developers to a site may be impossible due to the unknowns surrounding the purchase or even availability of the site. Within the context of Eminent Domain, site control is a sensitive issue. Such discussion is generally resewed for specific redevelopment project components, � and almost always as a last resort. Aside from the inherent nsk, case law generally prohibits using Eminent Domain to assemble properties on a speculative basis. � � �� � � .� � � _� r�' SPRINCSTED Page 8