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Mr. Hurley replied they <br />looking at comparables, <br />is concerned, it should <br />do not have a price yet <br />Mounds View City Council May 23, 1988 <br />Regular Meeting Page Three <br />have done some estimating and <br />and as far as the small parcel <br />be valued at $35,000, and they <br />for the entire parcel. <br />Councilmember Hankner clarified that if the smaller <br />parcel is built on, the entire parcel would remain on <br />the tax rolls. <br />Mr. Hurley asked if any parcels in that area were land- <br />locked presently. <br />Clerk /Administrator Pauley replied there were, and <br />without a road, they would remain so. <br />Mr. Hurley pointed out this is not unique, then, to <br />Mr. Johnson. He added there is potential there for <br />a nice neighborhood, and Mr. Johnson is willing to <br />hold onto the lot to wait and see what the City does, <br />but his concern is that something be done, as the <br />Council has sat on this for some time. He explained <br />he had sent a letter to Attorney Meyers in January, <br />requesting the extension, with either a yes or no <br />answer, and five months later they are no further. <br />Councilmember Hankner asked if Mr. Johnson would still <br />want to go ahead if the building permit extension does <br />not include the lot split. <br />Mr. Hurley replied he does, yet if the City wants to <br />acquire it, he has plans on how the property could be <br />developed. <br />Clerk /Administrator Pauley explained if the City <br />acquires it, they would have to take all 77.5' of <br />frontage, all the way through the lot, which would <br />leave them excess of to hopefully sell off to <br />adjoining property owners. <br />Bill Frits, 8072 Long Lake Road, questioned the value <br />or cost of the property to the City. <br />Mayor Linke explained they are just looking at possi- <br />bilities now, and would need solid numbers before <br />taking any action. <br />Clerk /Administrator Pauley stated the only decision <br />the Council would make this evening was whether or not <br />to extend the building permit, and if they don't, they <br />would have to instruct Staff to begin the process of <br />acquisition, and an appraisal would have to be done. <br />Mayor Linke stated that a denial cf the building permit <br />extension does not mean the Council is going to purchase <br />the property. <br />