7.2.A. PRSR 12-14-2011 - Laserfiche WebLink

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City o` El -,-- River REQUEST FOR ACTION TO ITEM NUMBER Parks and Recreation Commission 7.2.A. AGENDA SECTION MEETING DATE PREPARED BY Action Item December 14, 2011 Michael Hecker, Parks and Recreation Director ITEM DESCRIPTION REVIEWED By Approve the acquisition of Baily Point through the DNR grant Cal Portner, Ci Adnvnistrator and the Minnesota Land Trust REVIEWED BY ACTION REQUESTED Staff recommends the Parks and Recreation Commission support the acquisition of Bailey Point through a DNR grant and a Mimiesota Land Trust conservation easement. BACKGROUND/DISCUSSION The City held a public information update meeting on Bailey Point December 7. Over 25 people attended the meeting to discuss the land acquisition process involving both the DNR grant and the Minnesota Land Trust. Most of the people in attendance were in support of the Baily Point acquisition. The DNR already approved a grant to the Ciryto acquire the Bailey Point property. Part of the value of this acquisition ($20,592) will be reserved to mitigate the loss of a similar value of the parkland at Lions Park due to the construction of the Boys & Girls Club building. City Council approved at the August 1, 2011 City Council meeting the funding for the city portion of the Bailey Point acquisition should the City receive the grant award from the DNR. The City has unti12013 to accept and proceed with the grant agreement. This acceptance includes the mitigation of the issue of Lions Park which allows the city to be eligible for future DNR funding programs. A breakdown of the Baily Point a. Appraised value: Less mitigation reserve: Eligible costs Grant request award @ 50% (rounded) ;quisition DNR grant is as follows: $99,150 $20,592 $78,558 $39,000 The Minnesota Land Trust is currently working with the city and the owner of the property to convey a conservation easement to the Land Trust. The propertywill become a perpetual easement with restrictions placed upon it that are common for a passive parkin the floodplain such as limited parking, accessible trails and park benches. The conservation easement restrictions and agreement will be reviewed by the City Attorney once they are completed. Sarah Strommen from the Minnesota Land Trust will provide a presentation at the Parks and Recreation Commission meeting to discuss the Trust and conservation easements. 1RfyERER 11 N:\Departmenu\Pads and Recreation\Recrearion\2011 PRC Packets\12-1411 PRC Pazlst\Item 72A-Bailey Poim ~~~~~~ acgtisinoadocx