02 Council Minutes (06/12/01) - Laserfiche WebLink

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Special City Council Meeting June 12, 2001 Page 6 ranges under this option with some restrictions. Longer leases (20 or more years) would encourage these clubs to make more meaningful investments into the property in time and money. Expansion of a hiking/biking trail along the north shore is shown in this option, looping all the way around the dam and spillway and tying back into the developed south shore park. Mr. Brannon said that Option Two is certainly the least expensive of the three development options, but this option is not without its long term costs. The loss of nearly $4.0 million in revenue from land sales is nothing to be taken lightly. He said the significance of estimated taxes to all taxing entities from Option One ($1.1 million annually) and Option Three ($4.2 million annually) cannot be overlooked by even the most zealous conservationist. Mr. Brannon said that Option Two is a better short term plan for the next five to ten years. Parts of Option One and Option Three if residential development were contemplated may be desirable in the future. Mr. Brannon said Option Three is the development of all the suitable lands on the north and west shores into small lots (approximately 1/4 acre). Suitable lands for the purposes of this study were all those lands not in a wet land or flood plain. He said they exempt the south shore line as being unsuitable for residential development due to the proximity of Campbell Soup disposal fields, the water treatment plant, and the limited access available for a large permanent population. Mr. Brannon said Option Four is to do nothing, and he pointed out the amount of loss in revenue from the sale of land. Mr. Brannon discussed other alternatives with the City Council. Mr. Brannon proposed the following recommendations for the development of Lake Crook: