Title
Approval of settlement on the Baisley Farm Mitigation Property
Body
SUMMARY: An easement was approved by the City Council and acquired from Mr. Baisley in April 2002 for $45,000. The City Council minutes are attached. The statement from the minutes indicate that "16+ acres of wetlands were required to be restored."
Mr. Baisley has been subdividing and selling his property and his surveyor discovered that the easement contains 27.4 acres. The Engineering Department has confirmed this number. Staff has also reviewed the files and found the original plat and legal description which do not contain any verbiage for the total acreage.
Mr. Baisley says that he thought he was selling an easement for 16 acres at a price of $2,812.50 an acre and wants paid an additional amount of $32,062.50 for the remaining 11.4 acres
BUDGET ACCOUNT: Budget amendment required
Recommended Action
NECESSARY COUNCIL ACTION: Approve settlement.