AGENDA BILL APPROVAL FORM

 
Agenda Subject:
Resolution No. 5596 (Comeau)
Date:
May 11, 2021
Department:
Legal
Attachments:
RES No. 5596
Legacy Signed Access and Air Easement
Budget Impact:
Current Budget: $0
Proposed Revision: $0
Revised Budget: $0
Administrative Recommendation:

City Council to adopt Resolution No. 5596.

Background for Motion:
The developer has been issued the building permit authorizing them to construct the building and they have agreed to pay a fair market value for the easement rights. The project will further increase the use and activation to this park property and downtown.
Background Summary:

The City issued building permit BLD18-0140 for the development of a private Mixed-use development project on privately owned property on Main Street, across from City Hall. Portions of that project will take pedestrian access from the City owned property located at the southwest corner of Main and Division street. This easement protects access to and from the project across a portion of the City property while also allowing for the encroachment of balconies and awnings above the same City property.

 

The easement encumbers only a small portion of the City parcel, that being the western and southern most 8ft of the parcel.

 

In the future should the owners of the project decide to demolish the building this easement will terminate.

 

The $65,000.00 that the developer will pay represents the fair market value for the easement rights granted.
Reviewed by Council Committees:
Councilmember: Stearns Staff: Comeau
Meeting Date: May 17, 2021 Item Number: RES.B