4.2. SR 09-24-2001 - Laserfiche WebLink

Home Browse Search

Item ~ 4.2. TO: FROM: DATE: SUBJECT: MEMORANDUM Mayor and City Council Stephen Rohlf, Building and Zoning Administrator September 24, 2001 Purchase ol~ Tax Forfeited Property Three parcels within the city limits are up for tax forfeiture sale. A vicinity map showing all three parcels discussed below is included with this memo. Lot 1, Block 2, Country Crossing Business Center (PIN #75-575-0205) This lot, which is 2.79 acres, is located in the southwest corner of the intersection of Joplin Street and Business Center Drive (see attached map). The parcel is zoned Business Park with an underlying Community Commercial land use. The city first reviewed the potential purchase of this lot in June of 2000. The City Council signed a resolution expressing its intent to buy it on August 13% 2001. This resolution placed the city in first position to purchase the property in question. Because the city expressed interest in this lot it was pulled from a pending sale of tax-forfeited property scheduled by Sherburne County for the end of October 2001. The city has six months to purchase the property from the date the City Council signed the resolution, but is under no obligation to ultimately do so. If the city does not purchase the property within the six months, which ends on February 13th, 2002, it will be placed on the next available sale of tax-forfeit property. The city should make a decision regarding the purchase of this parcel by the end of September, so if it decides not to purchase the parcel, it can be placed on the next sale in October. The county does not necessarily hold sales every year. If a decision not to purchase the parcel is made after the October sale, it will likely remain vacate for several more years and, consequently, the special assessments will remain unpaid. A potential use of the property is to divide it into two parcels, using one for a satellite fire station and the other for a commercial/industrial building. The sale of a commercial/industrial lot could help offset the purchase price of the entire parcel. A developer has expressed interest to staff in purchasing half or all of the parcel from the city. The County Assessor has appraised the total value of the property at $165,700. This price includes $65,736.06 of delinquent special assessments. The balance of the special assessments on this property, which are not currently delinquent, is $13,657.73. This makes the total cost of the lot $179,357.73. The city receives 20% of the net value of the