Respond to Property Owner Request to Consider Purchase of 8100 146th Avenue NW (portions of meeting may be closed to the public under Minnesota Statutes Section 13.D.05 Subdivision 3(c)(3) to consider purchase of real property)

Purpose:
Consider purchase of 8100 146th Avenue NW. Anoka County PID is 293225140012. Legal Description is Lot 1, Block 1, Hauser Addition, Anoka County, Minnesota. 

Background: 
Staff has been contacted by landowner regarding the potential purchase of property at 8100 146th Avenue NW. Materials will be provided at the meeting. Real estate negotiations can be considered confidential in closed session per Minnesota Statutes.

Notification is not required. 

At this time, this is simply a discussion item to respond to a specific request. Nothing in this case should be interpreted as the City is actually considering additional land acquisition. Staff has not formulated a formal recommendation, and is seeking broad EDA recommendation. 

The EDA could choose to:

1. Recommend entering into negotiations for purchase of 8100 146th Ave NW.
2. Recommend not entering into negotiations for the purchase of 8100 146th Ave NW.

If as a matter of policy and priority the City felt this was an appropriate acquisition, there would be adequate economic development funds. Possible funding sources include:

1. EDA Fund
2. Anoka County HRA Fund

Based on discussion.

Based on discussion.