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CM?'O <br /> Il © LDS <br /> Phone: (612)784-3055 <br /> P ��p <br /> ,oma <br /> E Uv Fax: (612)784-3462 <br /> d'rPss• Partner' <br /> September 3, 1997 <br /> Mr.Timothy Nelson <br /> The Everest Group,LTD <br /> 2665 Long Lake Road, Suite 330 <br /> Roseville, MN 55113 <br /> Dear Tim: <br /> • <br /> Jim Ericson and I have reviewed the Mounds View City Code, information you presented and previous <br /> plat maps and documentation relating to the park dedication fees in the Mounds View Business Park. <br /> We have come to a conclusion for an amount due for park dedication in the platting of the parcels <br /> associated with Building N taking into consideration the following information. <br /> • Building N includes the following parcels and was appraised for$615,000 or$2.05 per sq. ft. • <br /> 08-30-23-44-0002(93,220 sq.ft.)-Program Land Addition <br /> 08-30-23-44-0012(101,886 sq.ft.)-Program Land Addition • • <br /> 08-30-23-44-0016(5,781 sq.ft.)- Outlot A,MV Business Park East(portion of total) <br /> 08-30-23-41-0012(99,241 sq.ft.)-Pinecrest Addition(portion of total) <br /> • The Mounds View City Code, Section 1204.02. Subdivision 6 Dedication for Re-Subdivisions, <br /> states that"For any subdivision of a parcel on which a cash dedication for parks has previously <br /> been made but on which an additional cash dedication is required due to re-subdivision,the <br /> amount of cash dedication required on the re-subdivided parcel(s)shall be based on the new <br /> gross density less any applicable credit for the prior cash dedication. <br /> • In 1974, $8,500 was paid on the Program Land 1st Addition which included the following <br /> parcels, 08-30-23-44-0002, 0012, 0011, 0004, 0007, 0008, 0009, and amounts to 433,169 sq. ft. <br /> of land for an estimated .02 cents per sq.ft. paid or an assumed market value of.20 cents per <br /> sq.ft. <br /> • In 1994 as part of the C.G. Hill Development, $14,172.73 was paid which included parcel 08-30- <br /> 23-44-0016 or Outlot A. This was based on a market value of$1.43 per sq. ft. Outlot A is <br /> estimated to be 9,289 sq. ft. of land of which 5,781 sq.ft. is included in building N plat. <br /> S <br /> n <br /> 2401 Highway 10•Mounds View, MN 55112-1499 <br />