97-15 AUTHORIZING SALE OF LAND - Laserfiche WebLink

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� ` � ti of•DEC' - C v �e � '/(LINO�Y February 25, 1997 PUBLIC WORKS MEMORANDUM NO. 97-18 MEMORANDUM TO: Honorable Mayor and City Council FROM: James L. Williams, Jr., City Manager �'! I Bruce A. McNabb,P. E., Director of Public Works��"'� Stephen P. Swanson,P. E., City Engineer�� SUBJECT: Sale of Property to Richard Heinkel Mr. Richard Heinkel, of Right Recreation Inc., contacted the City about a year ago requesting to purchase City owned property he viewed to be unused. The property he inquired about is a portion of a City storm water detention pond located north of the Illinois Terminal Railroad and west of North 22nd Street. The portion is an area 30 feet wide and 455.1 feet long located on the north side of the detention pond (refer to attached sketch). In his letter to the City he commented that Right Recreation was regularly mowing the City property to keep it maintained. This request was reviewed by staff to deternune if there were any reasons for the City to retain the property requested by Mr. Heinkel. The Public Works Department investigated the area and noted no adverse impacts (i.e., loss of volume, loss of access for maintenance, or possible expansion needs, etc.)to the detention pond if the property were sold by the City. There are no water or sewer mains located in the area that will require easements to be retained. Based on these findings and input from other departments, staff decided that the property could be sold to Mr. Heinkel subject to the City receiving compensation for the property. Mr. Heinkel was informed of this decision and was asked to obtain an appraisal for the property. The appraisal that Mr. Heinkel submitted to the City placed the value of the property at $1,400 (approx. $0.10 per square foot). This appraisal was considered low by staff and a second appraisal, at the City's expense, was obtained for the property. The City's appraisal placed the value at $4,700 (approx. $0.34 per square foot). Copies of the cover letters from both appraisals are attached for Council's information. In response to the City's appraisal, Mr. Heinkel offered to "split the difference" between the two appraisals. This would result in a value of$3,050 (approx. $0.22 per square foot).