01-14-2016 - Laserfiche WebLink

Land Management Summary January 13, 2016 LAND MANAGEMENT SUMMARY 160112 1 Acquisitions Completed Through December 31, 2016 Complete Property Type Properties Acreage Single-Family Residential 30 35 Subset: Medical Hardship 5 27 Agricultural 23 2,457 Commercial 5 298 Multi-Family Residential -- -- Public 3 3 Other 4 -- Acquisition Budget Through November 30, 2015 Fiscal Year No. Properties Acquired Lands Budget ($000) Lands Expenses ($000) Outstanding Encumbrances ($000) Remaining Budget ($000) FY13 4 $28,000 $1,628 n/a FY14 15 $37,700 $20,006 n/a FY15 30 $106,700 $67,764 $37,522 $7,414 Other News for month of December:  Acquisition closings include one (1) residential In-Town property, one (1) commercial In-Town property, four (4) Oxbow vacant lots, one (1) Oxbow residential home, and one (1) OHB agricultural property.  Critical In-town property negotiations are continuing with Mid-America Steel and Case Plaza properties. The updated appraisals for these acquisitions were submitted to USACE for review on January 9th.  The purchase and lease agreements for Fargo Public Schools and Kilbourne (Shakey’s) properties are being finalized and should be executed shortly.  Demolition activities have begun on the Park East building and expected to be complete March 1, 2016.  There are eighteen (18) homes currently under construction in Oxbow. Seven (7) homes have been completed and the owners have been relocated.  USACE did not complete its review of any previously submitted appraisals. Appraisals awaiting review and approval by USACE, including: o Ulteig has two (2) appraisals for residential properties with USACE for review. o HMG has six (6) appraisals for In Town commercial and City owned properties with USACE for review.