HomeMy WebLinkAbout9A - Pike Lake Park
MEETING DATE:
AGENDA #:
PREPARED BY:
AGENDA ITEM:
DISCUSSION:
ISSUES:
4646 Dakota Street S.E.
Prior Lake, MN 55372-1714
CITY COUNCIL AGENDA REPORT
SEPTEMBER 4, 2007
9A
STEVE ALBRECHT, DIRECTOR OF PUBLIC WORKS
CONSIDER APPROVAL OF A RESOLUTION APPROVING AN AGREEMENT
WITH THE TRUST FOR PUBLIC LAND FOR THE PURCHASE OF 30 ACRES
TO BE KNOWN AS PIKE LAKE PARK
Introduction
The purpose of this agenda item is to approve an agreement with the Trust for
Public Land for the purchase of 30 acres to be known as Pike Lake Park.
Historv
The Trust for Public Land (TPL)has obtained a purchase agreement for the
Pavlish Property located on Pike Lake. A graphic depicting the Pavlish Property
along with nearby City and adjacent parcels will be shown at the meeting. The
property is split into two separate parcels that total 30 acres of which 16 acres is
upland non-wetland or lake.
City Staff believes that the acquisition of this land combined with future
dedication from adjacent properties as they develop could result in a park that
encompasses all of Pike Lake. This park would be 75-100 acres with as much
as 40-50 acres of non-wetland or lake. This park would perform the function of
both a community park and neighborhood park for this area.
Purchase Agreement for the Pavlish Property obtained by the Trust is for
$1,875,000 (the amount for which the property was appraised). On December
5, 2006 the City Council authorized City Staff to work with the Trust to obtain
grants to acquire the property for City park land. The City Council also
supported a funding commitment of up to $500,000 by the City of Prior Lake for
the purchase.
In July the City was notified that the DNR will be granting the City $906,047 to
be combined with $100,000 Metro Conservation Corridors Grant previously
authorized by the TPL.
Current Circumstances
The TPL has secured the needed $1,875,000 to complete the purchase. The
TPL and City need to enter into an agreement for the transfer of the property to
the City.
The City's portion of the funding is $500,000 in addition to the grant dollars
noted above. The City's effective purchase price per acre of upland (non-
wetlandllake) for the park land is $31,250 which is a great leverage of City
Capital Parks Fund and General Fund dollars.
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FINANCIAL
IMPACT:
The utilization of $250,000 from the Capital Parks Fund will draw the balance to
a level that will not permit the improvement of additional parks until additional
development occurs. This fund is development driven and with the slow down
in development the demand to develop parks has also slowed.
The TPL is purchasing the land for $1,875,000. The TPL has obtained private
grants in the amount of $368,953. The City's total portion of the funding is
$1,506,047. The City has received approval for DNR Grants in the amount of
$1,006,047 leaving $500,000 to be paid from the Capital Park and General
Fund.
City Staff has reviewed existing fund balances and believes that funding should
be provided as follows:
Capital Parks Fund: $250,000 (Account # 225-45040-510)
General Fund: $250,000 (Account # 101-49999)
ALTERNATIVES:
1. Authorize the City Manager and Mayor to enter into a purchase
agreement with the TPL for 30 acres to be known as Pike Lake Park.
2. Provide staff alternative direction.
3. Table this item to a certain date in the future.
RECOMMENDED
MOTION:
~
Staff recommends alternative number 1
les, City Manager
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A RESOLUTION APPROVING AN AGREEMENT WITH THE TRUST FOR PUBLIC LAND TO
ACQUIRE 30 ACRES TO BE KNOWN AS PIKE LAKE PARK
Motion By:
Second By:
WHEREAS The City of Prior Lake has been working with the Trust for Public Land (TPL) to acquire
30 acres of land to be known as Pike Lake Park; and
WHEREAS, The TPL and City have secured $1,875,000 for purchase of the park land; and
WHEREAS, The City has secured $1,006,047 in grants for the purchase and allocated $500,000 in
City funds; and
WHEREAS,
Fundina Source Amount
TPL GrantslWatershed FundinQ $368,953
Metro Conservation Corridor Grant* $100,000
DNR Natural & Scenic Area Grant* $471,047
DNR Remediation Fund Grant* $435,000
Capital Parks Fund (225-45040-510) $250,000
General Fund (101-49999) $250,000
Total Purchase Price $1.875.000
* Grants to the City of Prior Lake
WHEREAS, The final conveyance price for the City is $1,506,047 with funding to be noted as
above.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The Mayor and City Manager are authorized to execute a purchase agreement subject to approval
by the City Attorney with the TPL for $1,506,047 for 30 acres of land contingent upon receipt of
$1,006,047 in grants.
3. Funding shall be taken from the following accounts
- Capital Park Fund Account # 225-45040-510 ($250,000 Capital Park contribution)
- Capital Park Fund Account # 225-45040-510 ($1,006,047 Grant Funds)
- General Fund Account # 101-49999 ($250,000 General Fund appropriation)
PASSED AND ADOPTED THIS 4th DAY OF SEPTEMBER 2007.
Hauaen Hauaen
Erickson Erickson
Hedberg Hedbera
LeMair LeMalr
Millar Millar
YES
NO
Frank Boyles, City Manager
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Phone 952.447.9800 / Fax 952.447.4245