HomeMy WebLinkAbout99-17
Whereas,
Whereas,
Whereas,
Whereas,
Whereas,
Whereas,
RESOLUTION 99-17
A RESOLUTION APPROVING THE ACQUISITION OF
THE 15.18 ACRE KOP PROPERTY, AUTHORIZING THE MAYOR
AND CITY MANAGER TO EXECUTE THE PURCHASE AGREEMENT
AND LEASE, AND REPEALING IN THEIR ENTIRETY
RESOLUTIONS 98-99 AND 99-09
MOTION BY Wuellner
SECOND BY Petersen
The City's Comprehensive Plan, The Lakefront Park Master Plan and the 1997 Park and
Library Referendum contemplate City acquisition of the 15.18 acre Kop farm for
inclusion in Lakefront Park; and
The City Council has adopted Resolution 98-99 authorizing condemnation of the entire
property and Resolution 99-09 which authorizes condemnation of 2.21 acres for park
access only; and
The City has continued to negotiate with Kop representatives despite passage of the
condemnation resolutions; and
The City Council believes it is preferable to acquire the property through a negotiated
purchase under terms mutually acceptable to both parties; and
The City and Kop family have reached an agreement for purchase of the entire property
and leasing back a portion of the property to John and Meda Kop; and
Such agreements have been incorporate into the Purchase Agreement and Lease which
has been executed by the Kop family.
Now Therefore, be it hereby resolved by the City Council of the City of Prior Lake, Minnesota, that:
1. The recitals set forth above are herein restated.
2. The Purchase Agreement and Lease executed by the Kops on March 11, 1999 are hereby
approved..
3. The Mayor and City Manager are hereby authorized to execute the Purchase Agreement and
Lease on behalf of the City.
4. Resolutions 98-99 and 99-09 are hereby repealed in their entirety upon closing of the Purchase
Agreement between the City and the Kops.
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
5. Funds for this acquisition are identified as follows:
Referendum
Construction Fund
DNR Grant
TOTAL
$375,000
$125,000
$ 50.000
$550,000
6. The Kops will pay the City the remaining outstanding principle balance on special assessment
#72 which is $7839.20 and the City will waive payment of the accrued interest on the special
assessment in the amount of $3174.88.
Passed and Adopted this 15th day of March, 1999.
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