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515 Little Canada Road, Little Canada, MN 55117-1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />MEMORANDUM <br />TO: Mayor Fahey & Members of the City Council <br />FROM: Joel R. Hanson, City Administrator <br />DATE: April 18, 1997 <br />RE: Little Canada Rental Hall <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morel= <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />As was reported at an earlier Council meeting, Mr. Tom McDonough has discussed the <br />possibility of the City purchasing Little Canada Rental Hall from him. Here are some pertinent <br />facts regarding this option: <br />> County's estimated market value is $199,000. <br />> Seller's initial asking price is $450,000. <br />> Size of building is approximately 11,000 square feet. There is an elevator /lift serving the <br />lower level of the building. (It does not serve the upper level.) <br />> The upper level of the building is currently leased out and fully occupied. <br />> According to the building official, significant renovations would be needed to address <br />restroom and accessibility issues pursuant to building code. <br />I have enclosed a sketch of the building layout for your review. Based upon this information, I <br />do not feel a purchase is feasible with the Historical Society as the driving force for the <br />acquisition. If the Council feels this space has other community purposes beyond the Historical <br />Society use, then further analysis may be warranted. <br />JRH:kpv <br />cc: Tom McDonough <br />Little Canada Historical Society <br />Page 17 <br />