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01-26-2015 Council Work Session Packet
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01-26-2015 Council Work Session Packet
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� <br /> . ` <br /> From: Rick Denman <RDenman@charlescudd.com> <br /> Subject: FW: Orono Property <br /> Date: November 24, 2014 1 :36:27 PM CST <br /> To: "jim@campgoodnews.info" <jimC?campgoodnews.info> <br /> Cc: "John Murphy (John@johnmurphyhomes.com)" <John@johnmurphyhomes.com> <br /> Jim----It was a pleasure meeting you and your wife last week at the Orono <br /> Planning Commission meeting. As you know we are trying hard to figure out <br /> how to make the neighborhood work for the Roden property as weil as get a <br /> good option for access to your property to the north. Since that meeting I <br /> have been working on securing the cost estimates to find out what the road <br /> and driveway costs are for the layout that you saw at the meeting. <br /> In order to make the numbers work for this project I will need to ask for your <br /> assistance to help cover your fair share of the actual costs of '/4 of the street <br /> and '/2 of the shared driveway that runs north from the cul de sac to your <br /> property. I am allocating the street costs equally between our 3 lots plus <br /> your 4th lot so '/4 of the cost each and I am allocating the driveway costs to <br /> our north lot and your lot so a 50/50 split on the shared north driveway to <br /> your property. It looks like your share for the street costs would run 1/4 of <br /> $117k or $29,000 and your 1/2 share of the driveway would run '/2 of $38k or <br /> $19k so your total share for both would be approximately $48k. <br /> We could have an agreement that you pay your portion of the above shared <br /> costs for the street and driveway at the closing of the future sale of your <br /> property. Therefore you would not have any upfront costs for us to install the <br /> street and driveway. <br /> If you would like, we could also explore purchasing your property if the <br /> numbers work. <br /> Please let me know if this concept sounds reasonable to you so we can <br /> decide whether to proceed or not with the approval process for the Roden <br /> property. Call or e-mail me anytime to discuss. Thanks, rick <br /> Rick Denman <br /> Principal <br /> Charles Cudd Co. <br /> 15050 23rd Ave North <br />
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