HomeMy WebLinkAboutItem 06.m
Date: Item No.
AUTHORIZATION TO SUBMIT AN APPLICATION FOR RIGHT-OF-WAY
ACQUISITION LOAN FUNDS FOR THE PURCHASE OF 1.13 ACRES NEAR I-35 AND
CO. RD 50
Proposed Action
Staff recommends adoption of the following motion: Approval of a resolution authorizing the submittal
of a Right-of-Way Acquisition Loan Fund (RALF) Application to the Metropolitan Council for the
acquisition of property located at 17395 Kenwood Trail.
Overview
The City Council approved an Official Map for the future I-35/ CSAH 50/5 Interchange in 2004. This
Official Map identifies the need to acquire the property at 17395 Kenwood Trail (former Burger King
Property) for the future I-35 north bound off-ramp. The City Council discussed this possible acquisition
at the July 25th City Council Work Session.
The RALF Loan from the Met Council is a no interest loan with no termination date. When the property
is conveyed to the road authority, the RALF program is reimbursed the actual acquisition cost for the
portion of the property being conveyed with funds for the interchange project construction.
Utilizing the RALF program provides the necessary funding to secure this undeveloped property and
preserves it for the future I-35/ CSAH 50 interchange project at no direct cost to the City. Staff
recommends approval of the submittal of a RALF application.
Primary Issues to Consider
• Is the City’s acquisition of this property with RALF funds at this time appropriate? It provides
the City with outside funding to acquire a vacant property from a willing seller that will be
needed for the future interchange.
Supporting Information
• Copy of Adopted CSAH 50/ CSAH 5 Official Map
• Aerial Map of the Property
• Proposed Future Interchange Design Plan
Financial Impact: $None Budgeted: Y☐ N☒ Source:
Related Documents:
Envision Lakeville Community Values: Diversified Economic Development
Report Completed by: David L. Olson, Community and Economic Development Director
September 19, 2016
Metropolitan Council
______________________________________(Reserved for Dakota County Recording Information)__________________________________
CITY OF LAKEVILLE
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO.
RESOLUTION AUTHORIZING SUBMITTAL OF A LOAN APPLICATION TO THE
METROPOLITAN COUNCIL RIGHT-OF-WAY ACQUISITION LOAN FUND FOR THE
ACQUISTION OF 1.13 ACRES ADJACENT TO THE I-35 AND CSAH 50 INTERCHANGE
WHEREAS, the City of Lakeville, Dakota County and the Minnesota Department of
Transportation have previously completed preliminary planning for the future reconstruction of
the I-35 and CSAH 50 Interchange; and
WHEREAS, the City of Lakeville has adopted an Official Map for the future
reconstruction of the I-35 and CSAH 50 Interchange that identifies the necessary additional
property that would need to be acquired to complete the Interchange improvements; and
WHEREAS, there is currently a 1.13 acre parcel located at 17395 Kenwood Trail
adjacent to the north-bound on ramp that contains a vacant commercial building that is identified
as property that will be required to be acquired for the Interchange improvements ;and
WHEREAS, the owner of this property has indicated to the City a willingness to sell the
property and the City Council discussed possible acquisition at a Council Work Session on July
25, 2016; and
NOW, THEREFORE, BE IT RESOLVED by the Lakeville City Council authorizes the submittal
of an application to the Metropolitan Council Right-of-Way Acquisition Loan Fund for the
acquisition of the 1.13 acre property located at 17395 Kenwood Trail.
DATED this 19th day of September, 2016.
CITY OF LAKEVILLE
BY: ____________________________
Matt Little, Mayor
ATTEST:
________________________
Charlene Friedges, City Clerk
STATE OF MINNESOTA )
(
CITY OF LAKEVILLE )
I hereby certify that the foregoing Resolution No. _______ is a true and correct copy of the
resolution presented to and adopted by the City Council of the City of Lakeville at a duly
authorized meeting thereof held on the 19th day of September, 2016, as shown by the minutes
of said meeting in my possession.
__________________
Charlene Friedges
City Clerk
(SEAL)
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