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<br /> <br />City of Elk River <br />REQUEST FOR COUNCIL ACTION <br />Agenda Section Meeting Date <br />Consent March 20, 2006 <br />Item Description <br />Schubert Pro erty Acquisition <br /> <br /> <br />Introduction <br /> <br />As the City Council is aware, Mr. and Mrs. Alan Schubert are the owners of three parcels of <br />property at the north end of the County Highway 40 realignment that need to be acquired. <br /> <br />Discussion <br /> <br />As discussed with the City Council on February 21,2006, I have met with the Schubert's and <br />arrived at a price of $70,000 for the 1.25-acre area of property southeast of CSAH 13 on the new <br />County Highway 40 alignment. <br /> <br />Financial Impact <br /> <br />The financial impact of purchasing this land is $70,000. <br /> <br />Attachments <br /> <br />. Quit Claim Deed for the 3 parcels of land <br />. Portion of the Sherburne County Highway Right-of-Way Plat No. 30 showing the three <br />parcels <br /> <br />Action Requested <br /> <br />Approval of the purchase of the Shubert property. <br /> <br />Council Action <br /> <br />Motion by _ <br /> <br />Second by _ <br /> <br />Vote <br /> <br />Follow Up <br /> <br />S:\EngineerImprovProj\2006 Improvement Projects\County Highway 40\03 2006 CC memo.doc <br />