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ew <br />0 <br />°' righton <br />M <br />M <br />~ January 30, 1987 <br />N <br />r <br />Lfl <br />Ln <br />Q To: New Brighton Park Board <br />~ ~ <br />From: Maurice H. Andersq~3rector of Parks and Recreation <br />_z Re: Purchase of Raiche Property <br />z <br />O <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 />°C Hidden Oaks Park. See letter and maps (subject property is <br />m <br />'~ marked X). <br />w <br />z The land being offered is about 170 feet square and is under 1/2 <br />~ acre, it is somewhat low and is not used by the residents of the <br />'' o 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 />J area. <br />w Comparable .land in the City has been valued at $.SO per square - <br />~ foot or approximately $14,000. In my judgment this property <br />v~ 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 />a <br />w <br />Z <br />O <br />H <br />Q <br />w <br />U <br />W <br />D <br />Z <br />Q <br />Y <br /> <br />