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04/24/2018 - City Council Finance Committee FINANCE COMMITTEE MEETING TUESDAY, APRIL 24, 2018 10:30 A.M. EAGAN FIRE STATION #2, 1001 STATION TRAIL UPPER CONFERENCE ROOM AGENDA I. AGENDA ADOPTION II. SURPLUS FIRE STATIONS III. EXCESS CITY PROPERTY IV. OTHER BUSINESS V. ADJOURNMENT April 24, 2018 Finance Committee Agenda Memorandum II. SURPLUS FIRE STATIONS Facts:  The City has been meeting periodically with the preferred proposer for the possible acquisition of Fire Station #5  Recently, the City Attorney and City Administrator conducted a meeting with the preferred proposer to share information and receive an update on possible terms of a purchase agreement for Fire Station #5.  Staff will provide an update to the Finance Committee. III. EXCESS CITY PROPERTY Facts:  The City has been asked about its possible interest in selling excess property it owns locate near the intersection of Federal Drive and Duckwood Drive, just west of Interstate Highway#35.  The lot size was originally 1.51 acres, with .75 acres utilized for Duckwood Drive ROW; thus leaving .76 acres available for development.  The proposal would result in the construction of an oral surgery center.  The City would have to utilize a method to advertise and receive letters of interest, request for proposals if interested in possibly selling; the interested party is aware of this possibility.  Staff will provide more information at the meeting, and seek direction on the level of interest in selling this property. Attachment: (1) Location Map