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FINANCIAL IMPACT <br />As I stated earlier, the Land Trust would purchase the conservation easement and the City would be <br />responsible fox the remaining land value. In cases similar to this one, the easement has had more value <br />than the fee title. However, the values would not be finalized until an appraisal was completed by the <br />Land Trust. <br />ATTACHMENTS <br />• Minnesota Land Trust Conversation Easement and Appraisals <br />Action Motion by _ Second by _ Vote <br />Follow Up <br />N:\Public Bodies\City Council\Lori\2010\Bailey point 12 2010.doc <br />