02/24/2003 Meeting Minutes - Laserfiche WebLink

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Special Council Meeting 2-24-03 Page 2 ? already spending, essentially at a discount if you accept that evaluation of property is, what, $650,000? Mr. Brett and 1VIrs. Cinco said $550,000. Mayor Rinker said $550,000? Oh, it's $550,000 from Falkner. We're going to pay $450,000 but he gets up to $200,000 that's his annual amount with the IRS-so that's why I was thinking $650,000. The idea of breaking it up into 3 parts is because he has back land that is high; iYs an upland area; he's got frontage that's upland and the rest is all stream basin. So we haven't worked out the details exactly how to subdivide it. The goal would be to take either the street portion of the property, submit that with an Issue One application right now and see what we can do; either a straight-out grant or some contribution, some portion. The other reason this property is strategic to us is that we've talked before about trying to get a commitment once and for all from O.D.O.T. for the underpass that's there. And O.D.O.T., we've had this in the plans for 2%2 - 3 years when Phil and I (and we took Dave Hartt along) were in front of the TRAC Board for the ISTEA enhancement funding back at the end of last year we went from, on the Enhancement Grant Application, from going nowhere at least being to level2. It's an alternative form of funding. Sitting on that board were Dave Coyle, Dale Schiavoni, and a member of NOACA (this is a different funding arm). At every turn what we've tried to do is make it abundantly clear that with the road widening and the land tliat we are acquiring we are creating park-like amenities at strategic points. And this is one. The underpass is something we've been talking about for a number of years. And it unites east side and west side; it's a southerly nexus point and we had the one in the north; in the north end they have approved without any question; the south end they still have not gotten there yet; we are more confident than not that they will but again, part of the strategy is that by demonstrating to O.D.O.T. once for yes, we have a park in this area, both sides of S.O.M. at that Beechers Brook crossing we are creating a park. And we're setting up a meeting in the next several days this time one on one to meet with Dave Coyle and Dale Schiavoni from O.D.O.T., strictly dealing with O.D.O.T., getting to nail this thing down so that we can get this put to bed once and for all. I think that the Falkner property juxtaposed at this crossing point is all the more reason for us to put our money where our mouth is, put our money in land that I think stands alone, has the extra benefit of leveraging O.D.O.T. dollars so that O.D.O.T. is building the underpass and we don't have to get caught up in any further discussion about who's building that underpass. The underpass is probably a$4 5,000.00 cost factor in of itself. That's to change the project. So, to me, the 3 reasons are: (1) the property in of itself; (2) it leverages the underpass with O.D.O.T.; (3) we have the opporiunity to recoup those dollars that we spend at any time. So that's why I want to move forward. Mr. Marquardt asked, how many acres is this? Mayor Rinker said it is 4 1/3. Dr. Parker asked, if we had to remediate any wetland issues, is any of this property applicable to that? Mayor Rinker said I don't think it's been delineated so I don't know the answer to that. I would suspect that there are some areas where the soils and the plants probably have some wetland treatment but I think those would probably be manageable. And I don't believe we are going to have