06/04/1990 Park Board Packet - Laserfiche WebLink

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1929 Park Dedic-ition Land Values Jan. 23 , 1989 - Dakota Co . :assessor' s Office The following land sales were made within the last 18 months and provided City staff with comparable values to establish the park dedication fee . Unsewered residential area: There were a number of 1andl sales in this area the recent activity of the proposed Rottlund Development . There were seven land parcel sales by Rottlund acrsuired between 3-36 to 4-87 , ranging from a low of 53 , 936 . to a high of 510 , 000 . Der acre for Hwy. 55 frontage . Additional comps in this area: I . eith and Ccncord/Springwood Ponds - 510 , 000 . per acre - 1936 2 . 90th and Barnes/Harstad Property - $4 , 200 . per acre - 1987 3 . Wildridge Estates - S2 , 851 . - March 1988 4 . Property west of 55 purchased by Ben Oerlein - S5 , 819 . per +-� acre . Residential sewered pronert •: The best comp for this w_-s the Gopelt --arm Property acquired in 19^6 til` - - `-?1 r` .i - _ � rr� ^?_ cCre . _ ..==e a'ie cn a number of" 1 = m - - .- .-_ .._ -.. '...c �_�ti --sti :l- L. »- ..7 large parcels . The other corm) for sec:ered residential pror_erty is Salem Hills Farm which was 56 , 000/acre Dec . 1936 . The propertly sold for more once utilities were in place . Unsewered commercial/industrial property: The comps again varied a great deal for the unse::ered commercial/industrial property and ranged as follows : 1 . She property ..t 7 0t:i and t St , commonly re=erred t^ ..S the "Rugby Property- - S9 , C00 . r.er acre . 2 . Property- north of r;och Re inery , east of Wayne Transit-SI4- 1 r , 00 per acre . 3 . 'i . 3 and Rich Va 11 ey Bl - 515 , _ 3 , r_er acre - 1986 . Commercial industrial property in the sewer district : A-_-:,aln , . there was a great dis reha:)c' in this rtin(ging from 65 to 70 cents ,,or sq . ft . for projerty In the 1ndiistrial PIK . basod or: S30 , 000 . per .:cre to ;t high of S1 . 55 t-•cr sc, ft . -or the KI - in Che\• rolet Property .