HomeMy WebLinkAbout5.F.5. Bids for land sale north of the Library
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CITY OF SHAKOPEE
Memorandum CO~~~r'l~T
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TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Bids for land sale north of the Library
DATE: February 13, 2007
Introduction & Background
Council had declared surplus a triangle shaped parcel of land north of
the library (parcel 27-149003-0) . The parcel is old railroad right of
way and the adjacent property owner has been using the parcel for
parking without a lease or easement from the city.
Estimated value of the parcel is more than $5,000 and the City Code
therefore requires bids for the sale. The sale was advertised in the
official newspaper. The assessors estimated market value of the parcel
is $12,900.
Two bids were received, one for $324.07 from Ultrawave Properties, LLC
and one for $60,000 from MMCD Properties.
Staff's opinion is that it is in the best interest of the city to place
the parcel back on the tax rolls and open the opportunity for a
building to be constructed on the site.
Alternatives
l. Accept the high bid.
2. Reject all bids.
3, Landscape the area to enhance downtown and the library site.
Action
Move to accept the bid of MMCD Properties in the amount of $60,000 for
the sale of parcel 27-149003-0, a triangle shaped piece of land north
of the library, direct staff to prepare the necessary documents and
authorize the proper city officials to execute the sale.
fi/
Gregg Voxland
Finance Director
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