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101298 CC WS Min . . . CITY OF SHOREWOOD CITY COUNCIL WORK SESSION MEETING MONDAY, OCTOBER 12, 1998 CITY COUNCIL CHAMBERS 5755 COUNTRY CLUB ROAD IMMEDIATELY FOLLOWING REGULAR MEETING MINUTES 1 . CONVENE CITY COUNCIL WORK SESSION Mayor Pro Tern Stover called the meeting to order at 7:37 p.m. A. Roll Call Present: Councilmembers Stover, O'Neill, Garfunkel and Champa; Administrator Hurm; City Engineer Larry Brown. Absent: Mayor Dahlberg. B. Review Agenda Mayor Pro Tern Stover read the Agenda for October 12, 1998. The agenda was accepted as presented. 2. DISCUSSION OF THE CONCEPT OF THE CITY PURCHASING LAND - 25720 HIGHWAY 7 Administrator Hurm reviewed the updated financial information with the Council. He provided the Council with several options for the purchasing of the land at 25720 Highway 7 through the general fund and the payback implications. He informed the Council on the rental and revenue options available to the City that could arise from the land purchase. Garfunkel asked if Eagle Crest is still a viable purchaser of this land. Attorney Dean stated that they are and that the cancellation process for them needs to begin. He informed the Council that if the City does begin the purchasing process by taking action, the owner of the land will begin the cancellation process with Eagle Crest. Stover questioned the sports organization's desire to purchase the land. Administrator Hurm stated that the these organizations are looking for the City to purchase the land. He noted that the organizations are willing to develop the land after it is purchasaed. Stover stated that she is concerned about the price of this land for the City. Bob Gagne, 24850 Amlee Road, stated that he felt that the funding for this purchase should not be taken from the general fund due to the interest impacts that it will have on the taxpayers. 3. ADJOURNMENT O'Neill moved, Champa seconded adjourning the work session at 7:51 p.m. Motion passed 4/0. RESPECTFULL Y SUBMITTED, Heidi Wirth, Recording Secretary TimeSaver Off-Site Secretarial, Inc.