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City of <br /> Pe not AGENDA ITEM #9.1 <br /> q <br /> Lakes <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Sandy Peine, City Clerk <br /> Date: September 2, 2014 <br /> Subject: Consider Resolution Approving Sale of Property <br /> Report: MnDOT is acquiring property owned by the City <br /> for the improvement of Highway 371. The property is <br /> located adjacent to C.R. 112. MnDOT has offered the City <br /> $28,000 for the 5.25 acre parcel of land. MnDOT had an <br /> appraisal done on the property. The appraisal is available at <br /> City Hall for inspection. <br /> The City also had an appraisal done to ensure that the price <br /> MnDOT is offering is a fair price. The City's appraisal <br /> basically concurred with MnDOT's appraisal. Therefore, it <br /> is Staff s recommendation to accept the offer of $28,000 <br /> for the property. <br /> Council Action Requested: Council motion adopting the <br /> attached resolution approving the sale of real property and <br />