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ew <br />0 <br />~' righton <br />M <br />M <br />`~ January 30, 1987 <br />• <br />N <br />r <br />r <br />ti7 <br />`S' To: New Brighton Park Board <br />a <br />o From: Maurice H. Anders ~~(/~rector of Parks and Recreation <br />w <br />z Re: Purchase of Raiche Property <br />z_ <br />z <br />0 <br />~ The City has been contacted.by the Raiche's concerning the <br />~ possible acquisition of portions of two lots they own adjacent to <br />oc Hidden Oaks Park. See letter and maps (subject property is <br />0° marked X). <br />z The land being offered is about 170 feet square and is under 1/2 <br />o acre, it is somewhat low .and is not used by the residents of the <br />Q two lots. If acquired the land would not have any immediate use, <br />~ however at some future time it could be used for expansion of <br />skating facilities or possible development as a play apparatus <br />area. <br />J <br />0C Comparable land in the City has been valued at $,50 per .square <br />foot or approximately $14,000. In my judgment this property <br />would not add $14,000 of value to the system. However, if the <br />owners would accept something in the $3,000-$5,000 range, I would <br />~ recommend purchase. <br />z <br />w <br />Q <br />w <br />z <br />0 <br />r <br />Q <br />w <br />U <br />w <br />0 <br />Z <br />Q <br />Y <br />~~ <br />