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AGENDA ITEM !� g <br /> THE WOODS OF BALDWIN LAKE <br /> Parkland Proposal <br /> To whom it may concern: <br /> I propose to dedicate the Parkland as-designated on the attached <br /> preliminary plat to the City of Lino Lakes. Along with the <br /> dedication of 2.18 acres of land, I am proposing to provide the <br /> necessary excavating to relocate the pond, and to provide approx- <br /> imately 330 feet of sidewalk within the right-of-way of White <br /> Pine Road between the city and county parks. The city shall <br /> be responsible for obtaining all necessary approvals and <br /> permits for moving the pond. <br /> The monetary compensation expected from the City for the above <br /> proposal shall be as follows: <br /> Retail value of Parkland being dedicated $60, 000. 00 <br /> Less improvements needed (driveway and sewer - (, 000 .0 0 /yQr�efi�ly <br /> and water services) -- 4, 000. 00 <br /> r� Less potential assessments -14, 500. 00 <br /> Less parkland dedication fee (10% of purchase <br /> price) -18, 000. 00 <br /> Excess value of land over 10% being dedicated $17,500. 00 <br /> Plus sidewalk provided 3,400. 00 <br /> Plus excavating provided 9,500. 00 <br /> Total cash compensation requested from the city $30,400. 00 <br /> Thank you. <br /> Sincerely, <br /> Cl" de Rehbein, President <br /> C. R. Investments, Inc. <br /> /Plg , <br /> �� V" <br />