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<br />e <br /> <br />e <br /> <br />e <br /> <br />_ / f ~ ~ ~ ~ CONSULTING ENGINEERS <br />~_I Maier Stewart & Associates Inc. <br /> <br />August 13, 1993 <br /> <br />File: 230-171-20 <br /> <br />Mr. James Nord <br />19806 Elk Lake Road <br />Elk River, MN 55330 <br /> <br />RE: PROPOSED LAND ACQUISITION <br /> <br />Dear Mr. Nord: <br /> <br />Thank you and Joan for taking the time to meet with Frank Kriz and me yesterday at City Hall. <br />We have taken the opportunity to discuss the conditions of the land acquisition that you laid out <br />yesterday with Pat Klaers, City Administrator. Pat has agreed with all the terms and conditions <br />that you spelled out for the acquisition of the easements. Therefore, please consider the <br />following to be a summary of those terms and conditions. <br /> <br />1. Enclosed are three copies of an easement exhibit which shows the easements in question. <br />The first one, located on the property north of the Meadowvale Elementary School, is 70 <br />feet in width, and contains 1.75 acres. This would be a drainage and utility easement. <br />The second easement is on the property west of the Meadowvale Elementary School and <br />is divided into two pieces. The portion of this easement east of County Road 1 is 70 feet <br />in width, contains 1.87 acres, and is for drainage and utility purposes. The portion of <br />this easement west of County Road 1 is 70 feet in width and contains 0.27 acres. This <br />easement would be for street, drainage, and utility purposes. It is anticipated that the <br />real1gnment of County Road 44 to meet County Roai.ll at a. 90 degree i.'-ltcr3~ticn ......c~ld <br />occur within this easement at some later date. <br /> <br />2. The property north of the Meadowvale Elementary School would be assessed $40,000 for <br />the lateral benefit of the utilities crossing it. This assessment would be deferred for a <br />period of seven years with no interest. The interest on the assessment after the deferral <br />period is anticipated to be 71,4 % . <br /> <br />3. The property west of the Meadowvale Elementary School would have a lateral benefit of <br />$60,075 for the utilities crossing it. This assessment would be deferred for a period of <br />five years with no interest. It is anticipated the interest rate after the deferral period <br />would be 71,4 %. <br /> <br />1959 SLOAN PLACE, SUITE 200. ST. PAUL, MINNESOTA 55117 612-n4-6021 <br />9800 SHELARD PARKWAY, SUITE 102, MINNEAPOLIS, MINNESOTA 50441 612-546-0432 . Equal Opportunity Employer <br />