Laserfiche WebLink
<br />. <br />City of ~ <br />Elk <br /> <br /> <br />* * Item # 3.6. * * <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Mayor and City Council <br /> <br />FROM: <br /> <br />Pat Klaers, City Administrator <br /> <br />DATE: <br /> <br />October 9, 2000 <br /> <br />SUBJECT: J. Smith Appraisal <br /> <br />. <br /> <br />A few years ago, the city completed a library building expansion project. <br />Shortly thereafter the property to the north (the Riding house) became <br />available. The city purchased this property and eventually expanded the <br />library parking lot. <br /> <br />While nothing is final at this time, it's always been understood that the <br />current library location is going to be its permanent home in Elk River. When <br />the expansion of the library took place a few years ago, the discussions <br />included "what if' scenarios about the next expansion 10 years down the road. <br />The only realistic option for expansion of the library is to the west, where there <br />is a single family home west of the parking lot and a single family home west <br />of the building. <br /> <br />The Bailey family owns the house west of the library parking lot. Dean Bailey <br />(Councilmember Dietz's father-in-law) recently passed away and at this time it <br />seems appropriate to investigate some options for acquisition of this property <br />for future expansion of the parking lot. John has indicated that his mother-in- <br />law is open to this possibility. The first step in this process is to obtain an <br />appraisal in order to determine the fair market price. In this regard, I have <br />requested Mr. Jerry Smith of Century 21 (a certified appraiser) to provide me <br />with a quote for his services. I will distribute this quote at the meeting on <br />Monday night. <br /> <br />. <br /> <br />Recommendation <br />It is recommended that the City Council approve the $300 quote from Jerry <br />Smith to do the appraisal on the Bailey property. <br /> <br />13065 Orono Parkway' P.O. Box 490. Elk River, MN 55330. TDD & Phone (763) 441-7420. Fax (763) 441-7425 <br />