On Monday, the Rochester City Council will be asked to approve asset acquisition agreements so that an asset appraisal can be conducted.
“Various factors, beyond the undeniable cost of the land, will be evaluated to determine the total costs of site construction and the effect of each site on economic and social considerations,” Scot Ramsey, director of city services. and real estate management, he wrote in a report to the council.
Potential real estate prices are:
The $65 million sports and recreation complex project, which will feature indoor fields and courts, is being funded through the city’s recently approved voter sales tax expansion.
Existing advice for the sports and recreation complex calls for the creation of a 125,000-square-foot indoor facility with multi-use fields on the property. The complex would also feature an area for 12 multi-use grass fields for football, soccer or lacrosse, as well as 12 dedicated pickleball courts and other amenities throughout the complex portion.
The city council reviewed the proposal in a closed meeting in June.
In his report to council ahead of Monday’s decision, Ramsey said the three acquisition deals will require the city to provide a total of $300,000 in refundable deposits when comparing potential acquisitions.
“Due diligence will require budget disbursements for studies, geotechnical testing and audits,” he wrote. “The due diligence point will be assessed by the site selection team, but a planning budget of $100,000 is allocated for the site. »
Deposits and site assessment fees will be paid for with a portion of the city’s $65 million.
City employees are expected to report back to the council until the end of the year to restart the acquisition of a site, along with a report on the expected advancement costs, the economic impact of the site on projections and the site’s social benefits.
Ramsey said social considerations for the site’s variety will come with connectivity and access to public transportation, as well as the option to add similar amenities to the complex in the later stages of design.
The Board will be asked to approve the three 120-day acquisition agreements starting on its approval schedule at 6 p. m. meeting Monday in the council chambers of the city-county government center, 151 Fourth St. HIMSELF.