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January 30, 1987 <br />To: New Brighton Park Board <br />From: Maurice H. Andersq~~rector of Parks and Recreation <br />Re: Purchase of Raiche Property <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 />Hidden Oaks Park. See letter and maps (subject property is <br />marked X). <br />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 />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 />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 />