HomeMy WebLinkAboutResolution 69-1997 �. •
RESOLUTION NO. 69-97
BE IT AUTHORIZED by the City Commission that the Finance Officer be hereby authorized to
make the following transfers of funds:
From Storm Drainage Fund $63,000.00 to General Fund
From Contingency Fund $13,500.00 to Animal Control Department
From Contingency Fund $24,000.00 to Park Department
From Special Assessment Fund $88,000.00 to General Fund
Passed and approved this 29th day of July, 1997.
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Mayor
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Finance Officer
POSSIBLE LAND ACQUISITION
JUNE 11, 1996
An opportunity has arisen for the City of Brookings to work jointly with
Milis Construction to purchase part of the Reveli farm south of 20th Street
South. On the agenda is a resolution authorizmg the Mayor to sign a
purchase agreement for part of the Revell farm that will take piace after Mills
exercises their option to buy the entire 320 acre tract. The terms are simple.
The 131 acres the city gets will �average $629/acre. Some of the land along .
Medary Avenue is being donated to the City by Mills Development
Corporation, and the rest is being purchased by the City. The primary reason
for this purchase is to provide for stormwater management. A portion of the
purchased land can be developed into a neighborhood park when residential
development occurs. Terms also include �
• Title insurance will be split 50/50.
• All platting will be done by Mills. �
• We pay all but $25,000 from drainage fees.
• The last $25,000 will be budgeted for by the Parks Department in
1997, payable in January, 1997.
• Mills will request annexation of all 320 acres immediately upon taking
possession .
This looks like a good opportunity to provide for the future growth of the
city, to enhance and protect storm drainage, and to provide green space for a
"future" Brookings. Allyn Frerichs has also negotiated an option with Dean
Christie for 58 acres just south of the Revell farm. This will cost $525/acre.
This land, in combination with the Revell Farm, will be very valuable in the
future for storm water management and wetlands mitigation. The future
growth of the City will necessitate City ownership of these properties so that a
storm water management plan can be successfully implemented in this area of
the Brookings watershed.
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