Agenda - Council - 07/26/1983 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I and maintain an I8-hole golf course over the land.controlled and owned by himself and the land conveyed by the City. The City could make it as a condition of said conveyance that the course be kept open to the public. In this manner, the owners of the northerly parcels (Andersons and Berglund & Dom) could justify reducing the number of lots, because of a compensating deductibility for the charitable contribution of land to the City. The City in turn can guarantee completion of the project through performance bonds, and guarantee that the course be held open to the public, by its conveyance to Wesley Bulen. Wesley Bulen would have his land costs written down to zero for that portion of land outside of his existing parcel. In short, the procedure benefits all parties and is critical to the success of this particular project. By way of information, Minnesota Statutes Chapter 465.026 reads as follows: "Any municipality owning lands in fee simple and not restricted by the grant, may convey such lands for a nominal consideration to encourage and promote industry and provide employment for citizens." It should be noted at this point that the golf course and facility itself should provide at least 6 to 12 new jobs. In addition, a restaurant and lounge facility could provide up to an additional 30 to 40 new jobs. Finally, the commercial por- tion, which is tied critically to this Planned Unit Development, would also provide additional employment for numerous citizens. It should also be noted that usage of the park land for golf course activities would likely be recommended on a leasehold -9-