05-23-1990 Additions - Laserfiche WebLink

Home Browse Search

MAY-22-1990 13:33 FROM SWEENEY & BORER Mr. Joel R. Hanson May 22, 1990 Page Two TO LITTLE-CANADA P.03/05 appropriate compensation for these trees. The property owners, of course, are not bound by these approved appraised values. Absent settlement, the value of the permanent and temporary easements would be determined by Commissioners to be appointed by the Court at the time of the hearing now scheduled for May 29, 1990. I share your hope that the majority of these matters can be appropriately resolved without necessity of Commissioners' Hearings. As to several of these property owners, there are mortgage companies which must also be included on the check. As to Parcel No. 2, please include Minnesota Mutual Life Insurance Company as a payee on the check. Second, Minnesota Savings Bank, further known as Minnesota Federal Savings and Loan Association, and Household Industrial Finance Company should be included as payees on the check to Pearl Bronson. Finally, the check in favor of the Kennedys should include as payee, First Bank, N.A., further known as First Security State Bank of Saint Paul. It is also my understanding that the Council will consider payment in an appropriate amount to those property owners who have voluntarily signed easements in favor of the City. Based on a value of $1.25 per square foot, payment in favor of the following parties in the following amounts would be appropriate: 1. A check in the amount of $225.00 in favor of Phillip A. Morem and Deborah G. North, and Miktomm Mortgage; 2. A check in the amount of $150.00 in favor of Gregory Sohloer and FIBS Mortgage Corporation; and 3. A check in the amount of $100.00 in favor of Minh D. Vo and Ly T. Hui, and Minnesota Housing Finance Agency. If you have any questions regarding this matter, please advise. PTO:bab Enclosure Very truly yours, SWEENEY & BORER /. ll`o.i12G.u.J Paul T. Ostrow Page 2