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<br />MAYOR WOODBURN: That's right. <br /> <br />. <br /> <br />MR. STOUTENBURG: So just because they're going through and <br />putting this - first they want to sell the lots and if they <br />sell a lot, someday somebody can build on it, but I've seen <br />some lots where five people will go and buy a lot and just keep <br />it for a lot - they never do build on it. <br /> <br />MAYOR WOODBURN: There's not too much we can do about <br />that. We can't force somebody into something. <br /> <br />MR. STOUTENBURG: When that project originally started, <br />I was thinking a developer was going to go in there and actually <br />build the houses and the whole works and just sell the houses <br />and the lots all together. <br /> <br />MR. LAUGHINGHOUSE: May I speak to that, Mr. Mayor? In <br />the first place, all the lots that are in place are part of the <br />plat that was platted in the 1930's. That plat goes right <br />across our property. In other words, if you stay after this <br />hearing, we'll get some more maps up here - this road, although <br />it's only paved to here, is platted and the City owns the road <br />all the way straight up to here, it runs around here, and it's <br />platted and comes right back down. There are lots - here's <br />one of them - and they run right straight up there and they <br />stack right up here and so forth; Those lots that are under <br />there have been there since the 1930's. Nobody can force a <br />developer to build a house. But, a lot of money has gone into <br />this already and more money is going to go into it and assess- <br />ments will have to be paid, so if pressured - there will be <br />pressure for it to be developed. <br /> <br />MR. <br />going to <br />going to <br /> <br />STOUTENBURG: <br />have to listen <br />have to listen <br /> <br />I guess my concern is - how long <br />to hammers pounding back there? <br />to it for ten years? <br /> <br />amI <br />AmI <br /> <br />MR. LAUGHINGHOUSE:: I sure wouldn't want to promise. <br />You're right - someone may buy a lot for the investment. In <br />Mendota Heights, a party bought two lots - built a house on <br />one and within a year they sold the other lot for a profit. <br /> <br />MAYOR WOODBURN: Pretend they're woodpeckers. <br /> <br />MR. STOUTENBURG: If the price of fuel keeps going up, <br />I'll buy the lot just for the wood. <br /> <br />. <br /> <br />MR. POPOVICH: I hope we don't run into this too much, <br />because some of us can remember in St. Paul - in the Highland <br />Park area - they put in streets, curbs, gutters and everything <br />and it all went tax delinquent. That whole Highland Park area. <br />The City ended up selling lots at tax forfeited sale. When <br />you go back in history, you can have some situations that are <br />bad examples of what could happen. <br /> <br />11 <br />