Entity: Orem

Public Body: City Council

Subject: Property
Notice Title: Orem CIty Council - Special Meeting
Meeting Location: 56 North State Street

Orem    84057
Notice Date & Time: April 16, 2013
6:30 PM - 4:47 PM
Description/Agenda:
					CITY OF OREM
SPECIAL CITY COUNCIL MEETING 
56 North State Street, Orem, Utah
April 16, 2013


6:00 P.M.	STUDY SESSION – Library Media Auditorium  

AGENDA REVIEW

1.	The City Council will review the items on the agenda. 


6:30 P.M.  SPECIAL SESSION - COUNCIL CHAMBERS

CALL TO ORDER
INVOCATION/INSPIRATIONAL THOUGHT: By Invitation
PLEDGE OF ALLEGIANCE: By Invitation


SCHEDULED ITEMS

	6:30 P.M. PUBLIC HEARING
2.	MOTION – Approving a Property Exchange and Construction of a Park and Sports Complex – Cascade Golf Course Property

RECOMMENDATION: The City Manager recommends the City Council, by motion:
(1) 	Find that the transactions set forth in the Agreement provide the City with fair and adequate consideration and are in the best interests of the City; 
(2)  	Declare the property to be conveyed pursuant to the Agreement  to be surplus; 
(3) 	Authorize the Mayor and City Manager to negotiate minor changes to the Agreement, provided that the changes are consistent with the intent of the Agreement and do not materially alter the terms of the Agreement or the City’s obligations under the Agreement; and 
		(4)  	Authorize the Mayor to sign the Agreement

PRESENTER: Karl Hirst

POTENTIALLY AFFECTED AREA:  Citywide 

BACKGROUND: The City owns approximately 54 acres of real property in northeast Orem. In 1966, the City leased the property to Herbert B. Stratton for use as a golf course. The lease allowed Mr. Stratton to use the property for 25 years, with options for three additional 25 year terms, giving him until 2066 to operate a golf course on the property. Mr. Stratton constructed a golf course on the property and the property now makes up the lower nine holes of Cascade Golf Club. Mr. Stratton assigned the lease to other Stratton family interests who have continued to operate the golf course on the property.

In a separate agreement not involving the City, the Stratton family interests recently assigned (or optioned) their interest in the lease to Todd Pedersen. Mr. Pedersen and the City have negotiated terms for terminating the lease. Unless the lease is terminated, Mr. Pedersen would only be allowed to use the property for a golf course and the City would be unable to use the property for any purpose until 2066.

The proposed Agreement:
?	  Terminates the 1966 Lease
?	  Requires the City to convey 37 acres of the north end of the lease property to Pedersen
?	  Allows the City to begin using 16.8 acres of the south end of the lease property
?	  Requires Pedersen to convey 3.3 acres of property east of the lease property to the City
?	  Requires Pedersen to pay all costs of constructing a park and sports complex on the 20.1 acres retained by the City


ADJOURNMENT

				
Notice of Special Accommodations: THE PUBLIC IS INVITED TO PARTICIPATE IN ALL CITY COUNCIL MEETINGS. If you need a special accommodation to participate in the City Council Meetings and Study Sessions, please call the City Recorder’s Office at least 3 working days prior to the meeting. (Voice 229-7074) (TDD # 229-7037)
Notice of Electronic or telephone participation: This meeting may be held electronically to allow a Councilmember to participate.
Other information:
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Posted on: April 12, 2013 04:49 PM
Last edited on: April 12, 2013 04:49 PM

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