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� . , , , � , � , E. The City agreed to assume costs of preparing the �develapment praposal sketches, deeds, and variance resolutions, and to do the actual recording of all documents. The City would accept the above deeds in the form of a "qift" if you chose to view them as such �for tax purposes. However, the City wi13. not agree, as you asked today, to pay for an appraisal to assist in detezmining value for such ta►x purposes. ATTACHED for your information: 1. A drawinq o� the prvperties involved with parcels 1 thru 5 co3;ored for easy reference. 2. March I0, 1983, memo with 5 sketches showing development potential of the torrens property as is, with and without the proposed agreement. ' ��.etters and attachments to Union Oil and Rudh- Ulrick wi�th deeds for them to execute to Schmidt (Parcel #5j and to Orono (Parcel� 2 and 4) . ATTACHED for you to review, �o have signed (and natarized� by the appropriate parties, and to be returned to the City: � , By Dougherty: 3 Warrantee Deeds to City of Orono for Parcels, 1 ,2,& 3. and 1 Quit Claj,m Deed to City of Oron�, for Parcel �4. By First National Bank of Navarre: 3 p�rtial releases of mortgage for Parcels 1,2, & 3. By 3chmidt: 4 Quit �laim Deeds to City of Orono for Parcels 1,2,3 &4 . By Raiche: 4 �uit C1aim Deeds to City of Orono for any interest in parcels 1,2,3 & 4. By Lovgreen(?) :4 (blank) Quit Claim Deeds to City of Orono for any interest on parcels 1,2,3 & 4. . � If thexe are any other unrecorded contract for deed or mortgage interests, thase Qersons must also quit claim their interest to the City of Orono. A1so required from Douctherty is their Owner' s certificate of Title iduplicate) as mailed to them by Hennepin County on March 9, 1983, so that these deeds may be recorded. Also attached are three original copies of the proposed Variance aptaroval resolution which must all be si ned {and notarized) b both Dou hert and Sc a. t, an t en retur�ed or City sa�gnature.