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CM OF HANDED OUT AT 9/27/93 COUNCIL MEETING . <br /> D10���� Phone: (612) 784-3362 <br /> v ff�of�iE City ogdn2urtit'zatoz Phone: (612) 784-3055 <br /> • ��� SAMANTHA ORDUNO Fax: (612) 784-3462 <br /> "Quite Simply the Best" <br /> MEMORANDUM <br /> MAYOR AND CITY COUNCIL <br /> TO: <br /> DATE: SEPTEMBER 27, 1993 <br /> RE: GOLF COURSE PROPERTIES <br /> The proposed golf course is moving closer to reality with the recent agreement between <br /> the City and the owners of the parcels of land.the City needed to acquire for the golf <br /> course site, Lots 5, 4, and 1/2 of Lot 3 of the Watson property and Lot 16 of the <br /> Northstar Industrial Park in the city of Blaine. <br /> The provisions of the preliminary agreement with Doug Watson, of Watson Properties, <br /> • are: • <br /> * Lots 5,4 and the southern most half of Lot 3 of the Northstar Industrial Park will <br /> be purchased by the City for $.70/sq. ft. (509,434.2 sq. ft. for a total cost of <br /> $356,603.94) <br /> * The City will accept Outlot A in lieu of park dedication fees which would have <br /> been paid for development of the total Watson acreage. <br /> * The City will, at its costs, conduct a clean-up of the surface junk and debris on <br /> the land to be purchased. <br /> • The City will indicate a good faith gesture of consideration of TIF for the - - <br /> development of the remaining Watson parcels in an amount not to exceed <br /> $230,000 and for the purpose of lateral water and sewer connection fees and <br /> construction of a retention pond on the northern most section of the existing <br /> preliminary platted Outlot A. <br /> * The construction of the pond will be in accordance with City standards, policies <br /> and procedures. Maintenance of said pond wilrbe the responsibility of the owners <br /> of the preliminary platted Lots 1 & 2. <br /> • <br /> • <br /> , , . <br /> PRINTED MVITH <br /> � <br /> • INK, 2401 Highway 10 • Mounds View, MN 55112-1499 ;:9 <br /> recvceoa <br />