Some choice land with a view of the Inver Grove Heights municipal golf course is likely to be sold by the city to retire the golf course debt.
But when the land may go on the market and whether it will be aimed for housing or commercial development have not yet been discussed.
In a maneuver that would move city money from one pot to another, the City Council is getting ready to sell about 15 acres of excess golf course land to the Inver Grove Heights Economic Development Authority, which is made up of members of the City Council.
The sale of the land to the economic development agency will make the city enough money to pay off the remaining $1.2 million debt on the Inver Wood Golf Course, community development director Tom Link said.
The Development Authority is scheduled to decide on the purchase in February, possibly using money from the city's landfill host fund to buy the land. A November 2011 appraisal valued the land at more than $1 million.
Although several of the city's planning commissioners raised concerns about what is prompting the land sale and how the land might be used in the future, the planning board last week ultimately agreed that the transfer of the land from the city to the development board would be consistent with the city's comprehensive plan. Members were assured by Link that they would get a chance to review and sign off on any future plans for the land before the parcels could be sold to private developers.
"I like the idea of getting rid of some of this land," planning commissioner Paul Hark said. "I think the city is starting to point this golf course in the right direction. It's an underperforming asset."
Paying off the golf course is a smart move, Hark said. "It's going to unburden the city from the debt that it has, and as a taxpayer that makes me happy."