CC PACKET 06291999 - Laserfiche WebLink

Home Browse Search

• John P. Tuohy 808 Park Place Drive Saint Paul,MN 55118-2743 (651)457-6287 June 20, 1999 City of Saint Anthony Village 3301 Silver Lake Road Saint Anthony, MN 55418-1699 Attn: Michael J. Monson, City Manager Re: 2700 and 2704 Pahl Avenue, Saint Anthony Dear Mr. Morrison: I received a letter yesterday from Matthew Storm of Evergreen Land Services Co. regarding his telephone calls to me on April 12`x' and May 6`h. His letter included a written offer on behalf of the City of Saint Anthony Village of$133,500 plus assessments for 2700 Pahl Avenue and$142,500 plus assessments for 2704 Pahl Avenue stemming from the City Council • meeting on Tuesday, May 4`h. These offers by the City have not been increased in price for the last two months and fail to include increases in home values since that time. No price can be kept static in the kind of residential real estate market that exists today, especially in the City of Saint Anthony Village. The past offers by the City have consistently been historical and have never reflected current fair market value. I expect to sell and I expect the City to buy 2700 and 2704 Pahl Avenue at current fair market values and nothing more and nothing less. The City bought at least one of the five targeted houses at less than fair market value and the owners regretted that they had agreed to the City's price and they stated so in the newspapers. I do not intend to make that same mistake and I do not think it is the place for the City to negotiate in that manner. In my prior letters to the City regarding the buyouts, I included extensive factual data supporting my offers. I obtained this data based on actual comparable sales of ramblers in the neighborhood and then current listings. I have never received a factual response to that information supplied by me and I have had from the City only its opinion on sale prices. As Alan Greenspan said regarding economic forecasting: "We are all entitled to our own opinions, but we are not entitled to our own facts." I will include in this letter continued recent data on recent listings and sales of residential real estate in the area. This data will support my continued offer of$139,500 plus assessments for 2700 Pahl Avenue and $156,000 plus assessments for 2704 Pahl Avenue. These prices have . not been raised yet to reflect increases in home market values in the last two months, but do include increases prior to that time. 1