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Coon Rapids moves to buy parcel between Fire Station 3 and ice center for $1.1 million
Summary
Council approved a purchase agreement and fund amendment to acquire a Minnesota State-owned parcel between Fire Station No. 3 and the Coon Rapids Ice Center for $1,100,000, with staff directed to perform due diligence and seek future reimbursement of the revolving construction fund from property sales.
The Coon Rapids City Council on April 15 voted to approve a purchase agreement and to amend the revolving construction fund to acquire a parcel owned by Minnesota State (Anoka Ramsey Community College) located between Fire Station No. 3 and the Coon Rapids Ice Center for $1,100,000.
City staff said the parcel is zoned high-density residential and the price reflects the statutory appraisal method Minnesota State uses when offering property first to local jurisdictions. City staff told council the city assessor reviewed the appraisal methodology and deemed the…
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