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5.2 Well 10 Purchase Agreement Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Engineering City Engineer Wagner January 24, 2022 PRESENTER(s) REVIEWED BY: ITEM #: City Engineer Wagner City Administrator/Finance Director Flaherty City Attorney Kendall 5.2 – Purchase Agreement STRATEGIC VISION MEETS: THE CITY OF OTSEGO: Is a strong organization that is committed to leading the community through innovative communication. X Has proactively expanded infrastructure to responsibly provide core services. Is committed to delivery of quality emergency service responsive to community needs and expectations in a cost-effective manner. Is a social community with diverse housing, service options, and employment opportunities. Is a distinctive, connected community known for its beauty and natural surroundings. AGENDA ITEM DETAILS RECOMMENDATION: City staff recommends the City Council approve the purchase agreement of PID #118-245-001020 for potential use as a municipal well. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? Yes No BACKGROUND/JUSTIFICATION: In concurrence with the Capital Improvement Plan, the City Council directed staff to find a suitable location and complete a test well in 2022. City Staff has located a property adjacent to Pump House #4 which appears sufficient for constructing Well #10. Well #10 is included in the 2020 Otsego Drinking Water System Master Plan to facilitate source water needs for the growing drinking water demand of Otsego. The purchase agreement is written to allow the City to perform its due diligence to determine the water quality and potential water quantity prior to a May 24, 2022 closing date. City Council has negotiated a price of $35,000 for the parcel with the property owner. Staff recommends approval of the purchase agreement and will continue the process of due diligence ahead of the May 24, 2022 closing date. SUPPORTING DOCUMENTS ATTACHED: • Purchase Agreement POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Purchase Agreement for PID #118-245-001020 in the amount of $35,000 and all associated transfer costs. The property is to be used as Otsego Well #10. BUDGET INFORMATION FUNDING: BUDGETED: Fund 601 – Water Utility Yes