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<br />I . <br />I . CITY OF ARDEN mLLS <br />I- MEMORANDUM <br /> - <br /> DATE: June 9, 1995 <br />I TO: Mayor and City Council <br />I FROM: Brian Fritsinger, City Administrator <br /> SUBJECT: Bethel Colle~e Tax Parcel Creation <br />I Attached the Council will find a request from representatives of Bethel College requesting the <br />I City create a new tax parcel for the property containing the Seminary Village apartment buildings. <br /> This request would allow the lender, Northern Life Insurance Company, to utilize this parcel as <br /> collateral/security for a loan. <br />I Currently, the campus as a whole is included in an existing Master PlanlPUD/SUP. Attorney Filla <br /> has reviewed this request and determined that a formal minor subdivision process is not required. <br />I The request simply creates a new tax parcel that would still be required to comply with all <br /> conditions included in the existing Master PlanlPUD/SUP. <br />I- The Council needs to give formal approval of the request for new tax identification number. <br /> Finance Director Post has discussed this with Ramsey County who will not formalize the request <br /> until the Council considers the request. <br />I Recommendation <br /> Staff recommends the Council direct Ramsey County to create an additional tax identification <br />I number for the property identified by the College affecting the Seminary Village area. <br />I Enclosure <br />I BF\jt <br />I <br />I <br />I <br />I- <br />I <br />.~- <br />