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in: F0 61'234974°_ DI''•VERSIFIED R E '=EF".+ PAGE 02 <br /> DIVERSIFIED REAL ESTATE SERVICES, INC. <br /> 12 South Sixth Street,Suite#520,Minneapolis,Minnesota 55402 (6121349-9275 Fax; (612)349-7488 <br /> PRINCIPALS: ASSOCIATES: <br /> TIMOTHY L.VERGIN,MAI MICHELLE R.KOLLING <br /> STUART J.MORTRUDE,MAI KURT M.OPWI S <br /> NICHOLAS S.OSTMAN <br /> LEATHA LANNES <br /> MARILYN A. HOUGE <br /> JOSIE A. KLAVERXAMP <br /> SCOTT A.THORPE <br /> BRIAN J. HENNEN <br /> AMY R. STROEING <br /> March 19, 1998 <br /> Ms. Liz Van Zomeren <br /> City Planner/Zoning Administrator <br /> City of Orono <br /> 2750 Kelley Parkway <br /> P. 0. Box 66 <br /> Orono, MN 55323 <br /> RE: Jim Johnson Property located at 4300 Watertown Road, Orono, Minnesota <br /> Dear Liz: <br /> I met with you a few weeks ago regarding the condemnation appraisal I am completing on the above <br /> referenced property. In my process of due diligence, I have come up with another scenario which may <br /> be plausible and prevent the need to have a total take on the northerly portion of the property where <br /> the highway easement is being acquired. If you recall, we discussed Mr. Johnson's intention that he <br /> could split the northerly three (3) lots. You stated that Mr. Johnson had combined the entire property <br /> into one PIO and therefore lost the ability to be "grandfathered" under the minimum lot size of 5.0 <br /> acres under the current zoning. However, the northerly three lots do constitute approximately 5.28 <br /> acres and therefore could be split into one additional lot. The highway easement being acquired is <br /> approximately 2.04 acres which leaves the remaining area of the northerly area of the property to 3.22 <br /> acres. As such, this would constitute a total taking in which the subject property owner is entitled to <br /> just compensation, <br /> It appears reasonable to me that the easterly 5.2 acres of the property could be split and sold. By <br /> combining the 3.22 acres remaining of the northerly portion of the property, combined with the <br /> existing property wherein the home improvements are located upon, the remaining lot area is <br /> approximately 5.76 acres. <br /> It would be greatly appreciated if you could review this scenario end determine if the easterly portion <br /> could be subdivided. Please review, and call me at your convenience at 349-9275. <br /> Thank you for your time and attention to this matter. <br /> Sincerely, <br /> DIVERSIFIED REAL ESTATE SERVICES, INC. <br /> Nicholas S. Ostman <br /> Appraisal <br /> NSQ/abs <br />