1998-06-10 Park Dedication
MEMORANDUM
TO:
ALBERTVILLE CITY COUNCIL MEMBERS; DAVE LUND, CITY
ADMINISTRATOR.
FROM:
MIKE COURI, CITY ATTORNEY
SUBJECT: PARK DEDICATION FOR CEDAR CREEK SOUTH
DATE:
JUNE 10, 1998
Attached is the letter from the Wright County Assessor valuing the Cedar Creek
South Golf Course Property at $2,040 per acre. Under our park dedication ordinance and
the Master Golf Course PUD Agreement, Pilot must pay 7.5% of the value of the land
zoned for golf course use, valued at the time it is platted (but prior to the grading work
ah.eady performed). In the Master Agreement, the City and Pilot agreed to use the Wright
County Assessor's valuation. The Cedar Creek South plat has 85.77 acres.
Using the Assessor's valuation, the Pilot owes the City $13,122.81 (85.77 acres x
$2,040 per acre x 7.5%). Under the City's ordinance, Pilot would be required to pay the
$13,122.81 before the City releases the Cedar Creek South plat.
Pilot has requested that the City extend the time for payment of the $13,122.81 for
five years after plat approval (June 15, 2003). Pilot requests this in order to lessen the
initial outlay required to start up the golf course. Pilot believes that it will be able to
more easily pay this amount after the golf course has been operating for several years and
is profitable. This request is a policy issue which should be decided by the City Council.
If Pilot's request is granted, I would recommend that the City require Pilot to give the
City a promissory note for the $13,122.81, and the City should take a second mortgage on
the golf course property with Pilot paying all costs related to the establishment of the
m011gage.
Accordingly, the following two issues should be addressed by the City Council:
1. Acceptance of the Wright County Assessor's valuation of $2,040 per acre for golf
course land.
2. Pilot's request to extend the payment of golf course park dedication fees.
1
C:\mike\ALBERT\GENERAL\administrator memo12.doc
MAY 1 3. 1<~,rL..:
..&. i~~f..j
vt'1'Ty 0/::0
,P ~
v ~
J... Z
I '~.7 m
\- !
~ ~y
7856
DOUGLAS M. GRUBER
Wright County Assessor
Wright County Government Center
10 2nd Street N. W . Room 240
Buffalo, Minnesota 55313-1183
Phone: (612) 682-7367 / (612) 682-7368
FAX: (612) 682-6178
May 7, 1998
Mr. David Lund, City Administrator
5975 Main Ave N PO Box 9
Albertville, 1.fr~ 55301
RE: Valuation of Cedar Creek Golf Course and Center Oaks Plats
Dear Mr. Lund
This letter is to state the position of the Wright County Assessor with regard to the undeveloped
land value of the above mentioned proposed plats in the cities of Albertville and St. Michael. It
is my position that the 130.5 acres that are to be developed as the golf course will have a raw
land value of $2040 per acre before the golf course is completed at the time of the plat
recording. The rest of the value on the property for the 1998 assessment will be attributed to the
platted building lots.
If you have any further questions regarding this matter please feel free to contact me.
".-',..,
\ "sincerely,
\ \ ^"\,
\...., \.... '.'.'
\,' "
'''~>) (."N:;i:'~/\
Dougl~S'!IVI. Gruber
Wright County Assessor
cc: Donald Jensen, Pilot Land Development
Michael Couri, Albertville City Attorney
Equal Opportunity / Affirmative Action Employer