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MINUTES <br />Parks & Recreation Commission <br />April 3, 2003 <br />)PERTY The Director indicated that the house at 60 Little Canada Road East is for sale. This house is <br />AEI' 60 LC RD adjacent to Round Lake and is a property the Commission has previously discussed acquiring to <br />add to the park area in the Rice Street/Little Canada Road redevelopment area. He stated that <br />the asking price is S299,000 and it has been on the market for approximately two weeks. <br />Sanders questioned whether an appraisal would support that price. He indicated that if someone <br />purchases the property, it could be 10+ years before it is for sale again. The Director felt that <br />the asking price was probably close to the value in that a real estate company is listing it. <br />Sackett Glaser commented that she did not favor spending that kind of money when there are <br />other important priorities needing funding. Gray agreed. Sackett Glaser stated that this parcel is <br />at the east end of the development area and although the acquisition of that parcel is important <br />to the project, the trail plan for that area could be redesigned to avoid the parcel. <br />Gray stated that the parcel at 60 Little Canada Road East was valuable to acquire for addition <br />to the trails plan, but given the other park priorities at this dine, he recommended against the <br />purchase of the property since it would not be a wise use of our limited fiends. <br />Motion seconded by Larson. <br />Motion carried 5 — 0. <br />Page 3 of 4 <br />