Agenda - Council - 02/24/1981 - Laserfiche WebLink

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PHONE 612 - 537-9444 5702 V~. BROADWAY MINNEAPOLIS, MINNESOTA 55428 Deoembe~ 29, 1980 C~,~r~ity Resources Develo~rent Linceln Building P.O. Box 22 Virginia, ~ 55792 P~: Your letter of December 15th We purchased approximately 192 acres of land in Ramsey, known as the "L~ndsey Fanu" fr~ the Lindseys around October 22, 1975. At the tim~, there was no ccr~rehensive zoning plan in' Ramsey and the river site could have been platted as hc~esites. There was no sewer and water available and so each site would have been c~e acre, or larger. Our original intent was to do this at once and so we prepared a preliminary plat of one acre sites on part of the land. We didn't know of the projections at that ~ for additional highway work on the area, for the possible bridge across the Rum River and for the plan to designate a large portion of the area for oc~mercial and high density use. At that ~, Ramsey was still a village but was ~lready planning to incerporate as a city. ~ local officials asked us to defer our plans if we possibly oould as this site was the largest piece of land uDa~r one owner in the area and very essential to th~ c~letion of their projections. Fortunately, we had the capacity to hold off and keab ownership of the land intact and felt that the increased value of the land under the ne~ zoning weuld c~'~nsate us for the dalay; and so we have centinued to hold it until now. About a year and a half ago, city official~ came to us and proposed that we dedicate s~ of our land to th~ for a site for a multi-purpose recreational facility being planned for the area. In a~tion, sc~e other land could be dedicated for park area, other for th~ approach to the new bridge and a small amount for'.werk in Highway 47. ~hey convinced us that such a dedication would ke good for us in that the value of our remaining land would increase to cover the loss of the val~e of the land being d~dicated, and so this was done. Even witt~ut the facility, cc~ercial development on sc~n~ of the land would be considered. ~ is the largest piece of land near the population centers of Anoka Oounty and is ~lready zoned and served by good highways.