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Lino Lakes Parks and Recreation Department <br />600 Town Center Parkway <br />Lino Lakes, MN 55014 <br />(651) 982 -2440 Fax (651) 982 -2439 <br />March 29, 2000 <br />TO: Park Board Members <br />FROM: Rick DeGardner, Public Services Director <br />SUBJECT: Lots for Sale on Sandhill Drive <br />The two lots across from the wellhouse on Sandhill Drive are currently on the market. The <br />asking price is $36,900.00. The two lots were deeded to the city in 1988 to fulfill park <br />dedication requirements for the Rice Lake Estates Development. A Geo Technical study was <br />conducted by Braun Intertec which indicates that soil corrections will be needed to provide an <br />adequate building pad. Combining the two lots will provide adequate room to build a single <br />family home. Jeff Joyer from Coldwell Banker is our real- estate agent. The agreement provides <br />for a total of 10 percent commission upon sale of the lots. <br />The Park Board decided at the July 6, 1998 Park Board Meeting to designate an additional <br />$25,700 from Park Dedication Funds to complete the development of Rice Lake Estates Park. It <br />was recommended to designate the revenue generated from the lots on Sandhill Drive to the Park <br />Dedication Fund. <br />RD:sw <br />sw /parkbrd/Lots for Sale on Sandhi]] Drive.doc <br />