Agenda - Public Works Committee - 03/15/2005

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Watson Appraisal and Consultant Service 4230 Central Avenue N.E., Columbia Heights, MN 55421 Office: (763) 788-2714 * After Hours: (763) 571-1717 December 3, 2004 Mr. Steve Jankowski · ' City'Engineer 15155 NowThen Blvd. N.W. Ramsey, MN 55303 Re: Lynn Mortenso,n Land E of Co..Dit.ch #66 (#3) Dear Mr. Jankowski: In accordance with your request I have inspected the Lynn Mortenson vacant land east of the county drainage ditch. I find that the situation regarding this property do not, in my estimation, justify a full detailed appraisal based on my:following observations: In my discussion of this land with the owner, Mr. Mortenson, I understand that he had no plans for use of the land beyond the ditch and assumed it would be a logical part of City parkland. The Zoning is R-I "Rural developing" outside the MUSA utilities. Minimum lot'size is 2:1/2 acres per building site MR-1 zone. Highway 47 (St. Francis Boulevard) is only a 66-foot right of.way. Future standard highway right of way is now 120 feet. Therefore, we may anticipate a future need for 27-feet from subject (60 fl - 33 fi. = 27 fi). This future widening would be about .3 acre. The land is covered with small trees, brush and tall grass. It is fairly low along the county ditch (No. 6623) rising to a slightly higher grade atong Hwy. 47 (St. Francis Boulevard). The total area east of the centerline of the ditch is estimated b the City to be 1.02 acres. This is far below any legal building site lot (minimum 2.5 ac~es) Based on the foregoing information, I would have to consider this as having a minimum value to anyone except the City for parkland. No truly similar land sales are available under these circumstances. My estimate of Value for this 1.02-acre parcel would be $1,1300. /.~espect~lly submitted, Appraiser/Consultant