HomeMy WebLinkAbout07-158 Acquire Pike Lake Park
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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
4646 Dakota Street S.E.
Prior Lake, MN 55372-1714
RESOLUTION 07-158
Motion By: Millar
Second By: Erickson
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 $1,010,000 in grants for the purchase and allocated $500,000 in
City funds; and
WHEREAS,
Fundina Source Amount
TPL Private Fundina $365,000
Watershed District* $75,000
DNR Natural & Scenic Area Grant* $500,000
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 $1,510,000 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 $1,510,000 for 30 acres of land.
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 ($1,010,000 Grant Funds)
- General Fund Account # 101-49999 ($250,000 General Fund appropriation)
PASSED AND ADOPTED THIS 4th DAY OF SEPTEMBER 2007.
NO
Haugen
Erickson
Hedberg
LeMair
Millar
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Haugen
Erickson
Hedberg
LeMair
Millar
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www.cityofpriorlake.com
Phone 952.447.9800 / Fax 952.447.4245