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Item 6.9. <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor and City Council <br /> <br />Michele McPhers6a/Director of Planning <br /> <br />April 15, 2002 <br /> <br />Consider Land Exchange Agreement with D.R. Horton <br /> <br />Request <br /> <br />The Council is asked to consider a land exchange agreement with D.R. Horton which will <br />exchange Outlot K for Outlots A and B of Elk River Crossing, vacated 179th Avenue, and <br />the remnant of the George Deschene property. <br /> <br />Attachments <br /> <br />· Memo from the City Attorney <br />· Exchange Agreement <br />· Location Map <br /> <br />Analysis <br /> <br />As the Council is aware, D.R. Horton was required, as part of the approval process for Trott <br />Brook Farms South, to offer to purchase Outlots A and B, Elk River Crossing and the right- <br />of-way of 179th Avenue, as these areas were included as part of the preliminary and final <br />plats for their development proposal. On December 21, 2001 the City received a letter of <br />intent to purchase those parcels from D.R. Horton. Once the City received the intent to <br />purchase request, staff countered with a consideration of a land exchange for Outlot K of <br />Trott Brook Farms. This outlot proved interesting to the Park and Recreation Commission <br />during the original Trott Brook Farms approval process as a potential park. <br /> <br />Subsequent discussions lead to the drafting of the attached exchange agreement for the <br />City's consideration. The Council initially granted consent for staff to continue discussions <br />with D.R. Horton regarding this proposal at their February 11, 2002 meeting. The Park and <br />Recreation Commission endorsed the land exchange at their February 13, 2002 meeting, and <br />the Planning Commission found that the land exchange was consistent with the <br /> <br /> <br />