Consider Offer to Sell Portion of Outlot A of the Elmcrest Sanctuary, Anoka County, Minnesota (this portion of the meeting may be closed to the public per MS 13D.o5 Subd. 3 (3)

The City has received an offer to sell real property from Blackjack Farms, LLC consisting of a portion of Outlot A of the Elmcrest Sanctuary, Anoka County, Minnesota.  The purpose of this case is to have City Council consider a counteroffer.  The meeting may be closed to the public per MS 13D.05 Subd. 3 (3) in order to develop or consider offers or counteroffers for the purchase or sale of real or personal property.

If the meeting does go into closed session the following parcels must be identified for the record by Legal Description and Property Tax ID Number:

Outlot B, Elmcrest Sanctuary - Property Tax ID # 11-32-25-34-0012
Outlot A, Elmcrest Sanctuary - Property Tax ID # 11-32-25-34-0011

The City Council met at the November 23, 2021 Work Session to discuss the offer by Blackjack Farms, LLC to sell a portion of Outlot B, Elmcrest Sanctuary and to consider counteroffers.  Staff was directed to obtain appraisal(s) for the land to be considered for acquisition by the City.  Staff has received completed appraisals and would like to discuss counteroffer options with the City Council. 

The attached Offer to Sell Property with Acceptance by Blackjack Farms, LLC has an asking price of $129,373.20 ($1.80/SF) for 1.65 acres (71,874 SF) of a portion of Outlot A, Elmcrest Sanctuary. Staff research has found that the legal description should be a portion of Outlot B, Elmcrest Sanctuary and should be amended if the acquisition moves forward. The City Engineering department has put together a Proposed Property Boundary Owner Offer Exhibit that generally depicts the land being offered for sale by Blackjack Farms, LLC (See attached).

TBD

TBD

TBD

Based upon discussion.