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Thomas M. Sweeney <br />James J. O'Connor <br />George F. Sorer <br />Paul t Ostrow <br />Sweeney, O'Connor & Borer <br />Professional Association <br />Attorneys at Law <br />Suite 1200 <br />One Capital Centre Plaza <br />386 North Wabasha Street <br />St. Paul, Minnesota 55102 <br />Mr. Joseph G. Chlebeck <br />City Clerk <br />515 Little Canada Road <br />Little Canada, MN 55117 <br />Re: Spooner Park <br />Our File No. 6011 <br />Dear Joe: <br />May 5, 1987 <br />Telephone <br />(612) 222 -2541 <br />% t� <br />:7L ru <br />MAY 6 .z81 <br />CITY c ; <br />LITTLE CANADA <br />Please find enclosed a copy of the Appraisal of William H. <br />Cushman of Appraisal Research Associates, dated April 27, 1987, <br />relative to the above - captioned matter; An understanding of the <br />Appraisal requires a review of the Certificates' of Survey for.;' <br />Parcels 1, 2 and 3, which are at the back of the Appraisal In,,` ;' <br />Mr. Cushman's opinion, the value 'of Parcels 1 and 3, which" total, <br />30 8 acres; is $677,600. The value of Parcels 2. and 3 totaling <br />29.9' acres is $657 8. <br />r , , ' 00 #? w /r7 c / kv 1 77 <br />,, Mr. Cushman fo'rmedhis opinionb a -review of com22- <br />sales In his opinion the subject ect' property is worth $22,000eper`. <br />The School District has. obtained an earlier appraisal.-„tot <br />portion of this property. An 18 acre tract was appraised at^? <br />$27,500 pert acre,which.lequaled'd total amount'o2 $500,000,''. T'ho`?, <br />18 acre tract should be "compared to' Et' is the :17i <br />subject of Mr.' Cushman's appraisal`to deterrnine' the slmilarity'of <br />the property that has been appraised',> <br />Would you please- 'submit this matter to the Council •for. <br />'consideration.' Also find enclosed the original,' and one-copy of <br />the invoice from Appraisal Research Associates, dated May 4, <br />1987, relative to the above- captioned matter. The enclosed <br />invoice appears to be reasonable and should be processed in the <br />normal course of events for the processing and approval of <br />claims. Would you then please forward to our office the <br />appropriate draft of the City of Little Canada, which we will <br />then transmit to Appraisal Research Associates. <br />Page 84 <br />