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STAFF <br />DATE: <br />T <br />AGENDA ITEM 3D <br />in Wr <br />nsideration of <br />Rite Controls, Inc.' <br />Claim , F <br />When A llo w constructed to Lilac t it cut r h t +a F <br />Controls property, leaving a very small outlet' on the so hwest ooh of A►pol <br />Drive and lilac Street (see map). Feed Rite indi+c ► l they <br />would prefer to deed this over to the city rather than pay the on it or 'let it <br />go into foreclosure. The market value of the parcel is $2,100. <br />Feed Rite has signed a quit claim deed. Upon acceptance;of the 1, the <br />will have to pay its taxes of $38.59 to have the parcel recorded. <br />This parcel may be of interest to the city for an eventual entrance sign into <br />,Apollo Business Park or Lino Lakes Blacktop may be interested in acquiring it if <br />it would benefit their property. <br />1. A pt tt►e i uit Claim from Feed Rite Controls, Inc. and m not the <br />clerk to forward :it the city attorney for recording. <br />2. Return >to st for further c onsidera <br />