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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> <br />FROM: Chris Heineman, City Administrator <br /> <br />DATE: April 28, 2021 <br /> <br />RE: Authorize Appraisal for 60 Little Canada Road <br /> <br />ACTION TO BE CONSIDERED: <br />If the City Council wishes to acquire this property, the City Council is asked to authorize staff to obtain <br />two or more quotes for a residential appraisal for the single-family home located 60 Little Canada Road. <br /> <br />BACKGROUND: <br />City staff has been in communication with the property owner 60 Little Canada Road East regarding the <br />potential sale of this property to the City of Little Canada. In the mid 1990's, the City made the decision <br />to purchase properties along Round Lake as they became available to establish a park in this area. Since <br />that time, the city acquired the following parcels: <br />• 56 Little Canada Road West <br />• 20 Little Canada Road West <br />• 00 Little Canada Road <br />• 2 Little Canada Road West <br />• 2 Little Canada Road East <br />• 34 Little Canada Road East <br />• 52 Little Canada Road East <br />• 56 Little Canada Road East <br /> <br />The plan also called for the acquisition of 10 Little Canada Road East and 30 Little Canada Road East <br />when they become available. The homes at 56 Little Canada Road East & 60 Little Canada Road East <br />were not initially included in the acquisition plan, however the City Council approved acquisition of the <br />home located at 56 Little Canada Road East in 2015 due to blight. The existing single-family home at <br />60 Little Canada Road is in fair condition and would not add much value to the park and open space on <br />the north side of Round Lake. The City Council adopted a Resolution in 2003 to not proceed with the <br />purchase of 60 Little Canada Road East (see attached minutes). <br /> <br />Attached is a copy of the Ramsey County estimated market value (EMV) for 60 Little Canada Road used <br />for tax purposes. According to a realtor that was engaged by the property owner, the property should be <br />listed at $275,000. This is significantly higher than the EMV, and an appraisal would be needed to <br />justify an acquisition of this property in that cost range. The cost for a residential appraisal is estimated <br />between $750-$1,000. <br /> <br />RECOMMENDED ACTION: <br />If the City Council wishes to acquire this property, staff recommends obtaining an appraisal.