Laserfiche WebLink
515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 4538 <br />June 5, 1997 <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Joel R. Hanson, City Administrator <br />RE: 56 W. Little Canada Road <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMIMSTR4TOR <br />Joel R. Hanson <br />Attached is a letter from the property owner at 56 W. Little Canada Road. The City has <br />offered the appraised price of $98,000 for this property. As you can see from Mr. Willis' <br />letter, they feel our offer could easily be adjusted upward by an additional $20,000. You <br />will recall that Mr. Willis approached us asking if we were willing to buy his property. <br />I have informed Mr. Willis of the need to close on the property by June 30th in order for <br />the City to obtain tax - exempt status for 1998. Therefore, he needs to decide very soon if <br />we are going to have a chance to meet that date without considering the impact of 1998's <br />taxes in any future discussions. <br />It would by my recommendation that the City hold firm on its offer of $98,000. If this <br />purchase price does not work for Mr. Willis, then the purchase would not proceed at this <br />time. <br />cc: Glen Willis <br />Page 54 <br />