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City of Elk ,t River City of Elk River City Council Resolution 19-11 A Resolution of the City Council of the City of Elk River Approving a Land Exchange Agreement with Independent School District No. 728 WHEREAS, the City of Elk River ("City") desires to acquire approximately 74,481 square feet of real property owned by Independent School District No. 728 ("District") in exchange for City for approximated 31,381 square feet for District parking lot improvements pursuant to the terms and legal descriptions provided in the attached Land Exchange Agreement, attached hereto as Exhibit A C Agreement"); WHEREAS, pursuant to the terms of the Agreement, the City will compensate the District for the difference between the square footage of the land to be conveyed by the City and the land to be conveyed by the District as follows: i. Payment for removal of the stormwater pond located on District property identified as PID 75-124-2308 which the District will remove as part of the District parking improvement, reestablishment of the stormwater pond on city property, and payment of future District costs for construction of parking improvements within the square footage of the storinwater pond to be removed; ii. Payment of costs for removal of an existing softball field on District property and re-establishment of a Minnesota High School League regulation field, together with other amenities, in Lion John Weicht Park pursuant to the City plans and specification prepared by 292 Design Group, dated May 28, 2019, to be available for District use pursuant to the Joint Powers Agreement attached to the Agreement. WHEREAS, the Planning Commission has reviewed the proposed land exchange and has determined that it is consistent with the City's comprehensive plan; WHEREAS, the City finds that the sale of the City property and acquisition of the District Property as provided in the Agreement is in the public's interest and furthers the aims and purposes of the City. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, as follows: The land exchange under the terms provided in the Agreement is hereby approved and the Mayor and City Clerk are hereby authorized to execute and deliver all necessary documents required under the terms of the Agreement. UPassed and adopted this 1" day of July, 2019. r�X P O ArEujaytl