04/03/1995 Park Board Packet - Laserfiche WebLink

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MEMORANDUM TO: Mary Kay and other interested parties FROM: John and Joyce Lund DATE: March 28, 1995 SUBJECT: The 32 feet on the westerly side of the creek at 480 Arrowhead Drive, as a possible trail site connecting the southerly trail and Shenandoah Park on the north side of Arrowhead Drive It is our desire to have this possible transaction done decently and in order - and at no cost to us. We have investigated the following issues. If there is anything else we should know, please draw it to our attention. 1) Dick Kilian, Four Star Realty, gave us counsel as what documents to have in our possession when we sell our remaining property. 2) McKenzie Metro Appraisals. John Dale will do two appraisals - one on the remaining property, on which our home is located, and a second on the other property, which may be transferred to City ownership. Estimated cost is $400. 00. 3) OSM did the original survey. We have spoken to Brian Bourassa and he thinks OSM can do two surveys, one on the remaining property and one on the other property for $400.00. This price will also include two property stakes driven to mark our new westerly property line. 4) Huntington Mortgage Company, Theresa Davis from the partial release department. The cost to transfer information is $250. 00, (application is attached) . Upon examination of the surveys and appraisals a determination will be made if any monies must be paid to satisfied the mortgage on the remaining property. 5) Todd Smith, the Anoka County Assessor estimates the price of the other property to be between $1, 000. 00 _ and $2 , 000. 00. 6) Marilyn Anderson, Clerk, will do the proper recording of the remaining and other property at the Anoka County Courthouse. 7) Our insurance company does not insure land, assuming it can not be destroyed.