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INTER <br /> MEMO • <br /> O F F I -C E <br /> To: Chuck Whiting, City Administrator , <br /> rrP�, <br /> From: Jennifer Bergman, Housing Inspector.j.i <br /> Subject: Tax Forfeited Properties <br /> Date: April 15, 1996 <br /> I spoke with Brett Larson, Ramsey County Property Records and Revenue, and confirmed that <br /> we have the first opportunity to purchase the three tax forfeited properties. He requested a letter <br /> of intent be faxed to him by the end of today so that he could pull them off the auction list. <br /> I informed him that Council would need to approve the purchasing of the properties. We are to <br /> notify him if the Council does not approve the purchase so that he can place them back on the <br /> auction list. <br /> • They are being offered at $1,500 each. The total of the three is $4,798.35. Below is a <br /> breakdown of the costs. <br /> • <br /> Purchase Price $1,500.00 x 3 $4,500.00 <br /> 3% Assurance Fee $ 45.00 x 3 $135.00 <br /> State Deed Fee $ 25.00 x3 $75.00 <br /> Recording Fee $ 19.50 x 3 $58.50 <br /> AgCont Stamp $ 5.00 x 3 $15.00 <br /> Deed Tax Stamp $ 4.95 x 3 $14.85 <br /> Total: $4.798.35 <br /> I have, also, enclosed maps highlighting the three properties. The lots are buildable at <br /> approximately 84'x 133'. And according to Mike and Tim, it would be possible to eventually <br /> create a new subdivision. <br /> Let me know if you need additional information. • <br />