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_ , ___� <br />--�- <br />—�— <br />--,�— <br />—�— <br />�— <br />THE EVEREST GROUP LTD <br />May 10, 1994 <br />Samantha Orduno <br />City of Mounds View <br />2401 Highway 10 <br />Mounds View, MN 55112 <br />Ree Multi-Tech Expansion <br />Park Dedication <br />Dear Samantha: <br />Apparently, Mayor Linke, and perhaps others on the Council, <br />are under the impression that the current Assessor's Market <br />Value of the Waste property is only $0.75/sq. fta This is <br />incorrecte Attached are copies of the 1994 tax statements <br />and the 1994/pay 1995 value statements for the two tax <br />parcels which make up the Waste property. You will note <br />that the aggregate Assessor's Mar]cet Value for the two <br />parcels is $760,900, or $1.51/sq. ft. for the total land <br />area of approximately 507,316 square feeta <br />In our view, the Assessor's Market Value reflects the "fair <br />market value" which is the basis, under the subdivision <br />ordinance, for determining park dedication requirements. <br />I am faxing a copy of this letter with attachments to Jerry <br />Linke for his information, as well as to City Attorney Jim <br />Thomson and our attorney, Bruce Malkerson. <br />P12ase feei �rpe to call me if you hav� any �uesticns <br />concerning the foregoing, <br />Sincerely, <br />THE EVEREST GROUP, LTD. <br />� �� � � : C: -,�, <br />�.- -�� l. i: � ��L�" , . --- <br />/. <br />T�mothy J. Nelson <br />TJNelc <br />cca Mayor Jerry Linke <br />James Thomson, Holmes & Graven <br />Bruce Malkerson, Popham Haik <br />� — Z(�85 Lc�ng Lal:e R�>acl <br />P.O. L'�>x 130190 � Ros��rille, f��N 551 1_3 <br />161 ?) 636-�i i00 f ls: Ibl 2} f�3(>-U 1£i3 <br />