1982-01-26 - Laserfiche WebLink

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Apple Valley Ollie., 15004 Glazier Ave. Apple Valley, MN 55124 (612) 432.2533 Bloomington Office: 1800 Penn Ave. So. Bloomington, MN 55431 (612) 884-5301 Bloomington South Office: 704 West 98th Street Bloomington, MN 55420 (612) 884-1400 Brooklyn Center Office: 6500 Brooklyn Blvd. Minneapolis, MN 55429 (612) 561-4600 8urn$vllle Office: 201 W. Burnsville Parkway Burnsville, MN 55337 (612) 890-6770 Coon Rapids Office: 2003 Northdale Blvd. Coon Rapids, MN 55433 (612) 755.7900 Downtown Office: 220 Skyway 625 Marquette Ave. Minneapolis, MN 5540;? (612) 338-6666 Eagan Olllee; 1480 Yankee Doodle Ad IEag~n45~~:;~ 21 n Prairie Ollie.: Eden Road Preifle,' MN 55344 ) 941-8200 8 Office: o West 50th 5t. Edina, MN 55474 (612) 927-7043 Golden Valley Olfle.: 5000 Wayzata Blvd. Golden Valley, MN 55422 (612) 544-9400 Maplewood Office: 3035 White Bear Ave. 51, Paul, MN 55109 (612) 770-1900 Minneapolis Olfle.: 5309 Lyndale Ave. So. Minneapolis, MN 55419 (612) 827-5321 Mlnnetonkil!l Office: 18348 M innetonka, Blvd. D..phavan, MN 55391 (612) 473-2555 New Brighton Ollie", 271 Silver lake Road New Brighton, MN 55112 (612) 63&-1670 Prior lake Office: 16197 Main Ave. SE: Prior Lall;e. MN 55372 (612) 447-6050 Insurance Dlvlslo,,: 3910 W. 50th 51. Edina, MN 55424 (612) 927-7043 Relocatlo" Services Dlv_: 220 Skyway 625 Marq~Jette Ava. Minneapolis. MN 55402 (612) 339-1700 lroet tor O..d Iny, Inc.: West 50th St. a, MN, 55424 927-7043 clil!ll Services Division: lynda-Ie Ave. So. eapolis, MN, 55419 ) 827-5321 Commercial-Industrial Dlvlalon; 3910 West 50th SI. Edina, MN, 55424 (612) 927-7043 New Home Oivl$lon: 6500 Brooklyn Blv(J. Minneapolis, MN, 55429 (612) 561-4600 Minneapolis, Mn. 55419 January 26, 1982 Mayor of City of New Brighton and Members of the City Council City of New Brighton 803 5th Avenue N.W. New Brighton, Mn. 55112 Ladies and Gentlemen: Re: City Initiated Rezoning of Bermel-Smaby Realty, Inc. Office Building at 271 Silver Lake Road Approximately thirteen (13) years ago Bermel-Smaby purchased the above property and approximately one acre of land for the purposes of converting the brick building to office space for use as a real estate office. About six (6) years ago, we expanded our space by converting approximately 450 square feet of garage space into air conditioned office space. We presently have about 2,500 square feet of finished office space on the first floor. The land is of sufficient size that in the future we would expect to expand our office further by an addition to the building. OVer the years we have spent a good deal of money converting, ex- panding and maintaining the property. We have no plans to relocate. However, we are just now informed that you are proposing to "down zone" the property from limited business to two family residential. This act by the City of New Brighton would cause an extreme financial loss to us for the following reasons: 1) The "highest and best use" of the property is for the existing use of the property - office use. 2) Any alteration of the building to reconvert to single family residential use would be extremely costly ~ probably upwards of $40.000. 3) The value of the property to a reconverted single family home is substantially less than the value of an office building. According to our estimates, the differential in value between the "as is" condition of the property for residential purposes as opposed to the "as is" condition of the property for office use could be as much as $120,000. m IIIAI.IOI/")