Title
NE Park Stormwater Management (B)
Explanation
On October 8, 2001, the City Commission received the final report from the NE Park Stormwater Task Force. The Commission asked staff to review the report and make recommendations regarding the Task Force's recommendation to purchase the property referred to as the Kim Popejoy property (#4) and sites 'A' and 'B'.
Staff obtained an appraisal on the Kim Popejoy property. The appraisal indicates the property is valued at $135,000. The subject property consists of several parcels that have been acquired by Mr. Popejoy over a period of four years for a total cost of $78,700. Staff met with Mr. Popejoy and discussed the appraisal and the potential purchase of the property by the City. Mr. Popejoy indicated that his asking price would be approximately four times the appraised value. Mr. Popejoy indicated that he wanted to receive the value of the potential profit that he may realize if he was to develop the property as originally proposed.
An engineering analysis conducted during the Task Force deliberations indicates that a majority of the Popejoy property is subject to flooding under a 100-year storm frequency. Therefore, major stormwater management modifications would be required prior to or concurrent with the development of this property. In addition, NE 2nd Street would need to be reconstructed to provide an upgraded storm sewer system to provide a positive outfall for an upstream stormwater management system.
Site 'A' is owned partially by Stringfellow and partially by George and Patricia Kricos. This property is located north of NW 14th Avenue and west of N. Main Street. There is a drainage ditch running through the property that receives discharges runoff from N. Main Street and N 16th Avenue. This ditch was constructed by the State Road Department in the 1950's. A title search will need to be conducted to determine whether the State ever purchased any land rights to allow them ...
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