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CSty of Moundsview <br />January 8, 1980 <br />Page 1vo <br />1. Thet an accaptable agreemenG with the Park Board can be reached <br />thnt will ellcw them to acquire the Stl acres of land for oark <br />and recreational use. This will be effected a�ia an exchanga, <br />that will alla+ fox a park grant of $736,000.00, anu park •9edicatloP�. <br />2. 71,At an acceptable development program for [he lake Se offered, <br />and is accepted by the City, the Rice Creek Water Shed Committee� <br />and the Department of Natural Resources. The developer would <br />canatruct this lake at a sum of money not to exceed SZ50,000.00, <br />total cost, and if the cost exceeds this amount, the developar <br />and the City will readreas tF.e problem, snd jointly work out <br />a reviaed plan. <br />3. That uport completion of ehe development of said lnke, that the <br />developer would turn over rhis lake and the surroundinq propartiee <br />as indiCated in ouZ Planned Unit DeVelopment. <br />4. Thai subject to acceotance of detailed plot plans, the City owuld <br />pui in all the improvementa and asseae tt�em back to the developer <br />via his taxes. pursuant to an agreeable develoPment staging <br />agreement. <br />5. Tha[ the develoPer woalr `..� ...- ^... .. '. .,-.: ph� enn. ...':.... . .' <br />sll those impro�:_:,�an�s on i��.. ,ew�;.��pnicne of [he lake, but noC <br />those related to the park development. <br />we feel that the plan we are offering is one that has been well planned. <br />it vill be a real aeaet to the community, and would result 1n approximately <br />51 aeres of deluxe park and reereational lands, and would be a lerge step <br />in my future development of the City's suzface water draineqe progaam. <br />�n 1�/ �� <br />1 L. Cramers <br />cc: N i g Asalty <br />Dick xorah <br />DLC/dmg <br />F.!rc. <br />8ant by C�rtifiad Msil <br />� <br />� <br />1 <br />� <br />