HomeMy WebLinkAbout9B Property Donation PresentationPrior Lake City Council
July 17, 2017
History
Vitaliy & Lubov Tereshkov purchased Outlots E and F,
Markley Lake Woods in April 2016.
0.6 acres of OLF was combined into Universal One
Addition, approved by the CC on June 12th.
Universal One Add’n final plat included Lot 1, Block 1 and
OLA.
Property owners have offered to donate OLA to the City
of Prior Lake.
OLA has a land area of approx. 2.8 acres.
Issues and Benefits
Erosion and stormwater
drainage issues exist on and
adjacent to OLA.
There will be a cost to redirect
stormwater and to repair and
stabilize the steep slope in the
near and long-term.
Staff feels the city would
benefit in property ownership
for long-term Markley Lake
compensatory flood storage
plans.
Recommendation
Requested a letter indicating the value of this property is
$45,000 for tax deduction purposes;
$45,000 represents the acquisition price in 2016.
Motion and second to approve a resolution accepting the
donation of real property.
Questions?