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HomeMy WebLinkAboutCity Council Resolution 2002-299CITY OF PLYMOUTH RESOLUTION NO. 2002-299 AUTHORIZE PURCHASE OF PROPERTY AT 6010 TROY LANE FOR FUTURE ROADWAY IMPROVEMENTS CITY PROJECT NO. 1029 WHEREAS, In 1995 the City contracted with SRF Consulting Group, Inc. to analyze alignment alternatives for the future designated arterial roadway north of Old Rockford Road along Peony Lane and connecting to Lawndale Lane near County Road 47; and WHEREAS, after receiving public input from affected property owners, no alignment alternative consensus was reached; and WHEREAS, with the update of the City's Comprehensive Plan, it was determined that the alignment alternative for Peony Lane would be Alignment Alternative 5 which most closely followes the existing right-of-way along Peony Lane and Troy Lane with a horizontal curve south of County Road 47, and following a diagonal route to connect with Lawndale Lane in the City of Maple Grove; and WHEREAS, this approved Comprehensive Plan alignment for the City's future designated arterial roadway impacts the property at 6010 Troy Lane; and WHEREAS, it will be a desirable fiiture project to improve the geometrics of the Troy Lane/County Road 47 intersection in the future which would impact the property at 6010 Troy Lane regardless of a fiiture extension north of County Road 47; and WHEREAS, the owner of the property at 6010 Troy Lane has approached the City in a voluntary manner to sell his property to the City at a fair market value requiring no relocation assistance; and WHEREAS, appraisals have been completed estimating the fair market value with these appraisals ranging from a low of $220,000 to a high of $275,000; and WHEREAS, A City staff committee has reviewed all pertinent information regarding the requested purchase of the property at 6010 Troy Lane. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA: That the Mayor and City Manager are authorized to sign a purchase agreement with Michael M. Stulberg and Linda R. Stulberg, owners of the property at 6010 Troy Lane at a purchase price of $240,000. BE IT FURTHER RESOLVED that the home shall be demolished or removed within 60 days after the date of closing on the property. BE IT FURTHER RESOLVED that staff is to realign Troy Lane to create a safer intersection with County Road 47 as soon after closing of the property as is feasible. Adopted by the City Council on June 25, 2002. C ADocument, and Settuig, infieeseALocal Settuigs\Temp CCR 200--299_53826 CCR 2002-299 doe