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l'�U 0 U LJiT <br />�� <br />�� <br />5 <br />d'r�gs � Partn����'�Q <br />September 3, I997 <br />Iv[r. i°izaoth}+ Nelson <br />The Everest Group, LT°D <br />2665 Long Lak� Road, Suite 330 <br />RosevilIe, � 55113 <br />� <br />Phon�: (612) 784�3055 <br />F�xx: {612) 784-3462 <br />Jim Ericson and I ha.ve r�vi�wed the Mounds View City Cod�o inforrrzaeion yo�a presented and previous <br />pla� maps and docurnenP.ation relatin� to the paric �edication fees in the Mounds View Busin�ss ��xk. <br />We hav� come to a conciusion far an arnount du� for park dedication in th� platting of �he parcefs <br />associated witli Building N taking int� consideratian th� fallowin8 inf'ormation. <br />Building N includes the following parcels and was appraised far �615,000 oe �2.Q5 per sq. ft., <br />08-30-23-44�0002 (93,224 sq.ft.) - Pro� Land Addicion <br />08-�0-�3-44-0012 (I01,886 sq.ft.) - Pro�am Land Addition ,. <br />�8�30-23-44-fl015 (5,73I sq.ft) - Outfot ?►, MV Business Paric East (por�ioc� of tatat) <br />08-3Q�23-4i-QQ12 (99,241 sq.f�} a PinecrestAddition (gortion oftota!} <br />The Mounds View City Cocfe, ection 1244,02 ubdivisi n 6 edication for Re-Su d'vi ' <br />states that "�or any subdivisi�a of a parcel on wahich a cash dedicatian for parks h�s previously <br />been ma.de but on which aa additiana.� cask dedreatio� is require� due to r�-subdivisign, tbe <br />�mount of cash dedication required on the re-subdivided parcef(s} sfaalt be based o� tl�e �e� <br />grass densiiy le9s �ny a�piicable ca°e�it for the pri�r c�sh dedicatio�m <br />Tn 1974, �8,500 �»eas paid on the F'ro,ra,m �,�nd Ist Addirion w{�ich incfuded the folIowing <br />parce�s, 08-30-23-.�4-�p02, OQ 12, OQ 1 I, 0004, 0007, 0008, Q009, and amounts to �33,169 sq. ft. <br />af Ia�rad for an esti�nated .02 cenrs per sq.ft. paid or a� assumed marltet vaiue of .ZQ cents per <br />sq.�i. <br />In 1994 as part of the C.G. Hill Deveioprue;t� �I�,I72.73 was paid whicit included par�ce! 08=30- <br />Z��0016 or Outlot A. This was based on a market value of �I .�; Per sc{. ft,, put!np ".. :� <br />estimac�d to b� 9,?89 sq. ft, og la�td of vv#�ich �,781 sq.ft. is ir�c�uded in buildir� ': .: <br />°�'°"°"","` 24�1 Highway 1�� Mour�ds View, ,'Vil� 5� t 12-1499 <br />����I� _ T <br />E'qua! Op,00rtur�rry �mployer �o�e��eaau� <br />, <br />>; <br />_ `, <br />