SE Council discusses land swap
SLEEPY EYE – The Sleepy Eye City Council discussed the purchase of the former Marti property south of Miller Sellner Implement by Jason Schroepfer of Schroepfer Trucking, rural Sleepy Eye at a special meeting on Thursday.
City Manager Mark Kober said the City was interested in selling the former Marti property to Schroepfer for $11,733.33 an acre. The city would provide water and sewer service with the purchase price, which Kober said would be much less than if Schroepfer bought former Snow Farm property, which would include a number of utility assessments.
“Several appraisers have told him the former Marti property is worth $20,000 to $25,000 an acre,” Kober said.
“We’d prefer setting up south of Miller Sellner if it works out,” Schroepfer said.
Kober said the City would likely annex the property south of Miller Sellner if it means bringing in water and sewer services. He added that three-phase power is also available for the property.
“We’ll proceed with property negotiations and draw up a purchase agreement,” Kober added.
By 3-0 votes, the council approved the second reading of two ordinances including exchanging real estate and the sale of real estate.
The first ordinance read that it is in the best interest of the City of Sleepy Eye exchanging ownership of 22 tillable acres of farmland owned by the City with 15 tillable acres owned by James and Marcia Marti, of equal value, due to highway access of the farmland and future commercial growth potential.
The second ordinance read that the City of Sleepy Eye is the owner of 214.29 acres of (Snow Farm property) real estate and the purpose of obtaining ownership of the properties was to allow for sale into industrial, commercial and/or residential lots for City growth; without further ordinance, upon receiving prices that have been established by due diligence, with said proceeds to be used to retire outstanding indebtedness or as directed by the City Council.
The first reading of the ordinance took place at the March 8 City Council meeting.
(Fritz Busch can be e-mailed at email@example.com).