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grants approval,the city then has six months to move ahead and acquire the right-of-way by negotiation <br /> or condemnation before the permit has to be issued. This gives the city a window of opportunity to act <br /> before development takes place. <br /> The City has authorized preparation of a feasibility report for a segment of the frontage road along <br /> Highway 10, and the extension of Yale Court. Adoption of an official map for the corridor will <br /> preserve the area for construction of the roadway. <br /> It should be noted that the official map only impacts Lot 4, Block 1, Mississippi Ridge 2"d Addition. <br /> The city has not attempted negotiations with the property owner of the adjacent bank property, and <br /> there is little danger of additional site improvements negatively impacting the future road; therefore,the <br /> official map as written will not apply to that parcel. <br /> Financial Impact <br /> The City will eventually need to purchase the property at a cost to be determined. <br /> Attachments <br /> • FAST study transportation plan <br /> • Official Map <br /> • Surveyors certificate <br /> • MN Statutes 462.359 <br /> N:\Departments\Community Development\planning\Case Files\OA\OA 14-14 Official Map-Yale Ct\sr Of6cal map 11-25-14,docx <br />