8.1. SR 01-21-1997 - Laserfiche WebLink

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Memo to the Mayor and City Council/gp96-2 Page 3 January 21, 1997 be brought back to the City Council at the February 18th meeting for consideration. If the Council directs staff to proceed with this, I would anticipate the park owner will begin negotiating with the residents under the guidelines set forth in the Bloomington ordinance. Therefore, by the time the ordinance is brought back to the City Council in February an additional update with hopefully further progress could be presented to the Council. Letter from Elk Terrace Manufactured Home Court Residents In a recent letter addressed to the City Councilmembers, the residents of Elk Terrace Manufactured Home Court have outlined criteria for adequate compensation for relocation due to the park closure. It is stated in the letter that the residents will be in attendance at Tuesday night's meeting to update the City Council of the progress that has been made with respect to these criteria. The last criteria stated in the letter refers to receiving compensation for the manufactured home and all appurtenances based on the "appraised value". This exact issue was raised by one of the residents within the park at the December 16, 1996 Council meeting. The Bloomington ordinance refers to compensation based on the "estimated market value" of the manufactured home as determined by the city assessor and as reported on the resident's most recent property tax statement. The estimated market value may very well be different than the appraised value of a manufactured home. The City Council may want to discuss the process that would have to be established to equitably arrive an appraised value of each of the mobile homes. If the appraised value was to be used it may be appropriate to use one appraiser as opposed to every home owner utilizing separate appraisers. Recommendation The City Council should continue the public hearing and receive testimony from residents as well as the park owner. Once again, based on the Council's desire to participate in this closure, the following options may be considered: Continue to receive monthly progress reports from the park owner and residents. o Close the public hearing and leave the park closure up to the residents and park owner to arrive at some resolution. Consider an ordinance similar to the City of Bloomington's to establish criteria for compensation to the residents and further guidance to close the park.