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<br />Peltier Preserve Property <br /> <br />Mr. Quale, owner of lots 4, 5 and 5A, Peltier Preserve met with Dallas Larson, City Administrator to <br />let the City know the lots are still for sale and he is willing to sell lots 5 and 5A separate from lot 4. He <br />believes the two lots are worth around $500,000. Although twice he has told Mr. Larson an appraisal <br />was being ordered and he would supply us with that information within a few weeks, he now says he <br />did not order an appraisal as the cost is $2,500. He supplied copies of appraisals of other lake <br />properties in the area (Forest Lake, Lindstrom, Center City) to support his asking price, but was not <br />comparing apples to apples. The last sale price in September 2006 for these two lots was $195,000. <br /> <br />20f2 <br />