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I <br /> I <br /> I <br /> I <br /> I <br />'1 <br /> <br />I <br />I <br />I <br />I <br />I <br />i <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />owned by himself and the land conveyed by the City. The City <br />could make it as a condition of said conveyance that the course <br />be kept open ito the public. <br /> <br /> In this ,manner, the owners of the northerly parcels <br />(Andersons and Berglund & Dom) could justify reducing the number <br />of lots, because of a compensating deductibility for the <br />charitable contribution of land ~o the City. The City in turn <br />can guarantee that the course be held open to the public, by its <br />conveyance t° Rum River Hills, Inc. Rum River Hills, Inc. would <br />have its land costs written down to zero for that portion of land <br />outside of its existing parcel. In short, the procedure benefits <br />all parties and is critical to the success of this particular <br />project. <br /> <br /> By way of information, Minnesota Statutes Chapter 465.026 <br />reads as foll,ows: <br /> <br /> "Amy municipality owning lands in fee simple and <br /> not! restricted by the grant, may convey such lands <br /> foE a nominal consideration to encourage and promote <br /> industry and provide employment for citizens." <br /> <br /> It shoulld be noted at this point that the golf course and <br />facility itse,lf should provide at last 6 to 12 new jobs. In <br />addition, a r,estaurant and lounge facility could provide up to an <br />additional 30 to 40 new jobs. Finally, the commercial portion, <br />which is tiedi critically to this Planned Unit Development, would <br />also provide ~additional employment for numerous citizens. <br /> <br /> C. .Usag~ of Portions of Certain Existing White Pines Lots. <br /> Lots 10 and 11, Block 2, White Pine Estates, would abut <br /> <br />the golf course on the east. However, the rear portions of these <br /> <br /> <br />