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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 to the public. <br /> <br /> In this manner, the owners of the northerly parcels <br />(Andersons and Berglund &Dorn) could justify reducing the number <br />of lots, because of a compensating deductibility for the <br />charitable contribution of land to 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 i~s 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 /> "Aniy municipality owning lands in fee simple and <br /> not~ restricted by the grant, may convey such lands <br /> for~ a nominal consideration to encourage and promote <br /> industry and provide employment for citizens." <br /> <br /> It should be noted at this point that the golf course'and <br />facility itself should provide at last 6 to 12 new jobs. In <br />addition, a restaurant and lounge facility could provide up to an <br />additional 30 to 40 new jobs. Finally, the commercial portion, <br />which is tied critically to this Planned Unit Development, would <br />also provide additional employment for numerous citizens. <br /> <br /> C. Usag9 of Portions of Certain E~isting 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 />8 <br /> <br /> <br />