Agenda Packets - 1980/02/28 - Laserfiche WebLink

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March 17, 1980 Page 3 2. Map #2 - This map clarifies the proposed land "swaps" that are being considered by the City of Mounds View, Kraus/Anderson, and State Planning Agency: a. Parcel #1 (existing 16.9 acres of City park land) is being "swapped" for Parcel #4 (16.9 acres of Kraus/Anderson property). b. Parcel #2 (approximately 10 acres of land which was originally proposed in August, 1976) will remain as Kraus/Anderson property and Parcel #3 (property owned by Kraus/Anderson, 12 acres in size) will be purchased with the revised L.A.W.C.O.N. grant monies. The "striped" area (7 acres) is slated for acquisition under both the original and revised grant pro- posals. 3. Map #3 - This map outlines the final 19 acres that would be acquired with the revised grant proposal totalling $136,800. Once again, the only difference between the original and the revised grant is the "swap of existing park land and to purchase 12 acres north of the original site. 4. Map #4 - This map shows the final park location which wil total approximately 53.2 acres of land including a 12.8 acre pond area. 5. Map #5 - This map defines the final park boundary (solid line) with the proposed locations of facilities within the park parameter. In addition to the map clarification, we have had three appraisals completed on the property. The appraisers price is as follows: (appraisals were completed in September, 1979) City owned property - $135,000. or $9,000/acre Proposed acquisition - $365,000. broken down as follows: 9 acres of commercial land @ $23,000. = $207,000. and 19.5 acres of residential land @ $8.000. _ $156,000. - Total $363,000. or $12,750 + / acre. The City's revenue and or assets for the land swap is as follows: a. $136,800. - L.A.W.C.O.N. Grant b. 10% Land dedication of the 96.48 acres or 9.5 acres valued @ $121,125. c. 15 acres valued @ $135,000. or 9,000/acre Total City assets $392,925. The City would be acquiring the following: a. 28.5 acres valued @ $365.000. b. 25 acres of ponding, easements etc. valued @ $250.000. - $350,000. C. Trails development valued @ $45,000. Proposed City acquisition = $660,000.- 760,000. In addition to the aforementioned financial figures which are very difficult to pinpoint the following planning considerations have been reviewed by staff and the proposed land swap as presented would be favorable to the City's needs: 1. Soil types 2. Topography 3. Development costs