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I/A. <br />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 />October 26, 1999 <br />TO: Park Board Members <br />FROM: Rick DeGardner, Public Services Director <br />SUBJECT: Potential Park Area in Clearwater Creek Development Center <br />At the October Park Board meeting, Park Board members directed me to discuss the potential <br />park land acquisition with the developer of the Clearwater Creek Development Center. The <br />developer indicated an assumption that the city would purchase the proposed 4.7 acres of land <br />for market value which is approximately $40,000 per acre. I expressed that the city is not able to <br />afford market prices for this parcel of land but we would be interested in working with the <br />developer in providing current and future park dedication credit. This was not acceptable. <br />Therefore, it appears the potential park in this area is a dead issue. <br />RD:sw <br />sw /parkbrd /Potential Park Area in Clearwater Creek Development Center.doc <br />• <br />