7.3. EDSR 10-19-2020 - Laserfiche WebLink

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Request for Action Cir•ci Elk - River= To Item Number Economic Development Authority 7.4 Agenda Section Meeting Date Prepared by General Business September 21, 2020 Zack Carlton,Planning Manager Item Description Reviewed by Discuss Orono Park Plat and EDA-owned Cal Portner, City Administrator Property Reviewed by Action Requested Transfer of EDA-owned property to the City of Elk River. Background/Discussion The Parks and Recreation Department received a grant for several improvements to Orono Park which requires all improvements to be on one parcel. The Orono Park plat includes numerous city and EDA-owned lots and unused rights-of-way that will be reconfigured to support the planned uses in the area. The EDA currently owns the parcels that include City Hall, the Public Safety Building, and the parcel with the pavilion on the SE side of Orono Beach. Ownership of the parcels was transferred from the city to the EDA to allow the issuance of EDA Lease Levy bonds to build City Hall in 1991. The bonds have since been paid off and the EDA is no longer required to maintain ownership of the lots. To record the final plat of Orono Park addition and establish the parcel for improvements at Orono Park, the city requires a deed from the EDA transferring ownership of the parcels to the City of Elk River. A formal action request to approve the deeds transferring ownership to the city will be on the November 16, 2020, EDA Agenda. Financial Impact N/A Mission/Policy/Goal Elk River Parks and Recreation is rich in diverse programs and facilities, dedicated to enhancing lives by inspiring play and embracing the nature of our city. Attachments ■ Ownership Exhibit ■ Preliminary Plat of Orono Park Addition ■ Preliminary Layout dated August 20, 2020 The Elk River Vision P O N E R E o R Y A welcoming community avith revolutionary and spirited resourcefulness, exceptional [NAfUR service, and community engagement that encourages and inspires prosperity. Updated.August 2020