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r <br />CARNON AND CLELLAND <br />ATTORNEYS AT LAW <br />SROONOALE CORPORATE CENTER <br />E.,TC 308 <br />0300 ENINOLE C„CE„ RLR„WAY <br />ciiw[Y I.. cA„ED„ MIN NEAPOLIS, MINNESOTA 55430 I.).....* <br />15 October 1986 <br />Thomas J. Radio <br />Attorney at Law <br />80 S. Eighth Street, 04344 <br />Minneapolis, Minnesota 55402 <br />Re: Wayne Assessment Appeal <br />Dear Mr. Radio: <br />This will confirm our conversation the other day wherein I <br />indicated that the Waynes have a bona fide purchase offer for <br />1950 Shoreline Drive in Orono. (Copy attached) As you can see, <br />the two contingencies of importance involve the City permitting <br />the property as parking for Sailor's World and special <br />assessments not exceeding $21, " ln. <br />I think this sale and a negotiation between the Waynes and <br />the City of Orono can benefit all parties concerned. Initially, <br />the use of this property for parking will be a fairly innocuous <br />use considering the problems that the City has perceived over the <br />years. Second, for the City to sustain the present assessment <br />will require proof that the market value of the property has <br />indeed increased by at least the amount of the proposed <br />assessment. We know that the assessor's value on the property <br />has been reduced from $100,000.00 to $80,000.00 and we now have a <br />bona fide purchase offer for $70,000.00, taking into <br />consideration a $21,600.00 special assessment. The market value <br />of this property is simply not in excess of $91,600.00. <br />The Waynes ire very interested in pursuing this purchase <br />offer and satisfying the contingencies. Perhaps a meeting at <br />City Hall with staff would be a logical first step. <br />Please contact me at your earliest convenience. <br />Very truly yours, <br />CARSON AND CLELLAND <br />'Jeffrey A. Carson <br />JAC:sjs <br />Enclosure <br />cc: Kris and Rob)( W.Iyne <br />