Laserfiche WebLink
Big Island Veterans Camp - 3 - <br />REVERSI-N TO THE BOARD OF GOVERNORS <br />The reversionary clause in the stipulation settling the 'lawsuit provides that <br />the property "shall revert to the grantors as created by Chapter 72 of the <br />laws of MN 1947.." This refers to the authority to operate the Camp and <br />infers no authority to sell the property. HF 1033 grants the Board of <br />Governcrs more authority than they had when they conveyed the property to the <br />ate. <br />APPRAISED VALUE <br />The Hennepin County Park Reserve Di,scrict had the property appraised in <br />January 1985 by a certified independent appraisor. Based oil his assessment of <br />comparable sales he estimates current market value at $945,000. <br />