1997-02-28 Valuation of Senior Housing Concept Plan
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William S. Radzwill
Andrew J. MacArlhur
Michael C. Couri
Megan M. McDonald
RADZWILL & COURl
Attorneys at Law
705 Central Avenue East
PO Box 369
St. Michael, MN 55376
(612) 497-1930
(612) 497-2599 (FAX)
February 28, 1997
Mr. Doug Gruber, County Assessor
Wright County Assessor's Office
Wright County Government Center
Buffalo, lYfN 55313
RE: V ALUA TION OF ALBERTVILLE SENIOR HOUSING CONCEPT PLAN
Dear Doug:
Enclosed please find a concept plan for Senior Housing for the City of Albertville. According to
Steve Feneis, the layout is the exact same as that done in Annandale. There are to be a total of 44
rental units. The Developer is requesting that the City set up a TIP District for the rental housing
units. The City needs an estimated valuation to prepare the appropriate TIP paperwork. Could
you please estimate the market value of the improvements in the rental units only? Please note
that the highlighted area in the attached map references the rental unit area.
Thank you in advance for your time.
Sincerely,
~)A~
Megan M. McDonald
RADZWILL & COURI
cc: Gary Hale
Albertville City Administrator