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ce4 :: 9Yd14 C(a <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />March 20, 1997 <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Kathy Glanzer, Administrative Assistant <br />RE: 52 East Little Canada Road <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />The owners of 52 East Little Canada Road have indicated that they would like to move <br />forward with the sale of their property to the City. The City Administrator has <br />recommended a purchase price of $111,000 which is the half -way point between the <br />appraised value of the property and the initial asking price. <br />The Administrator may be having additional conversations with this property owner prior <br />to Wednesday's meeting. As a result, there may be more information presented to the <br />Council at that time. <br />Page 54 <br />