HomeMy WebLinkAbout1976 01-15 City agrees on park site price THE REVIEW -
rerlCit a esg76
on park
site price
The Maplewood City Council
has agreed on a $10,775 purchase
price for 2.03 acres of land for a
park at Arcade Street and Eld-
ridge Avenue.
The agreement specifies that
the city, rather than Ban Con,
Inc., owner of the six lots, will
arrange to pay back taxes, as-
sessments, penalties and interest
amounting to$27,600.
However, the council agreed
to apply to Ramsey County for a 1
tax abatement, and,City Manag-
er Michael Miller pointed out,
part of the tax bill goes back to
Maplewood.
,The property was appraised in
1973 at$34,000.
City staff members have been
negotiating with Ban Con since
May, Miller'said. At that time,
Ban Con wanted the city to pay
the back taxes in addition to a
$27,000 purchase price, but, he I
said, the council had not given
authorization to exceed the ap-
praised price. •
Miller termed the negotiated
price a "fair price in today's
II market."