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r1 REQUEST FOR ACTION <br /> River <br /> TO ITEM NUMBER <br /> Economic Development Authority 5. <br /> AGENDA SECTION MEETING DATE PREPARED BY <br /> November 13, 2012 Annie Deckert,Director of Economic <br /> Development <br /> ITEM DESCRIPTION REVIEWED By <br /> Consider Disposition of EDA Property- Outlot A in Northstar Cal Portner, City Administrator <br /> Business Park REVIEWED BY <br /> ACTION REQUESTED <br /> Consider Disposition of EDA Property- Outlot A of Northstar Business Park <br /> BACKGROUND/DISCUSSION <br /> On October 24, 2012, staff received a request from Bryan Provo, owner and General Manager of Alliance <br /> Machine and Provo Enterprises, to purchase Oudot A in Northstar Business Park. Mr. Provo has made <br /> an offer to purchase Outlot A in Northstar Business Park for$56,900 and has indicated he would like to <br /> utilize the property for bow hunting. <br /> The 43.75 acre parcel lies adjacent to Northstar Business Park and is currently undevelopable. <br /> Representatives of the engineering,planning and environmental divisions indicated they have no issues <br /> with the EDA selling the property, they shared however that the property cannot be platted and must <br /> remain as is. The police department indicated that bow hunting would be permitted on this parcel; <br /> however the property owner would need to apply for the applicable license on an annual basis. A <br /> representative from the ERPD will be present at the EDA meeting to answer questions regarding the <br /> process. <br /> According to the Sherburne County Assessor, the property is assessed at$56,900 and would generate <br /> approximately$937 a year in taxes, calculated at a seasonal recreational use. Additionally, the assessor <br /> indicated that any time a tax exempt parcel sells, the county completes a new appraisal, and therefore the <br /> value could change. The parcel was appraised in 2010 and is scheduled to be reappraised in 2016. <br /> Staff is seeking direction on how to proceed with this request. Per state statute, the EDA has three <br /> options: <br /> • The EDA may elect to work with Mr. Provo, to sell the lot at a negotiated price <br /> • The EDA may choose to advertise the sale of the lot through a public bidding process <br /> • The EDA may elect to not sell the lot <br /> If the EDA chooses to sell the property, staff recommends getting a formal independent appraisal to <br /> properly value the parcel. The county assessor's applied value is for tax equalization purposes and is a <br /> he cE ou <br />