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Committee approves moving forward with purchase of 13.69‑acre woodland parcel from open‑space bond funds
Summary
The Economic Development Committee approved forwarding a purchase and sale resolution for a 13.69‑acre parcel on Stantec Road, negotiated at $440,000 (appraisal $120,000), to the July council meeting to be funded from the city's 2019 open‑space bond.
City staff recommended acquiring a 13.69‑acre woodland parcel off Stantec Road to preserve contiguous open space and limit development in a sensitive corridor. Staff said the parcel scored well in the open‑space acquisition matrix but not the highest and noted access challenges and the absence of water/sewer connections.
Staff described the appraisal (yellow book) at $120,000 and said the negotiated purchase price was $440,000; the purchase would be funded from the city's 2019 open‑space bond (originally $5,000,000), of which roughly $1.4 million remained, according to staff. The committee discussed site characteristics, emergency‑service access and scoring criteria and voted to advance the acquisition and associated resolution to the July council meeting for final action.
Next steps: staff will prepare the resolution and related materials for council; funding will come from the open‑space bond account.
