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MEMO <br /> DATE : September 17, 1999 <br /> TO : Honorable Mayor and Council <br /> FROM : Jim March <br /> RE : Appraisal for Public Works Facility <br /> *******•********************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** <br /> Included in your packet is a letter inquiring about the City's interest in selling the public works <br /> facility. If the Council is interested in the possibility of selling the public works facility, the site <br /> could be appraised to determine its value. Lake State Realty has performed a number of <br /> appraisals for the City the last couple of years. I believe the site has a strong redevelopment <br /> potential to add significantly to the commercial tax base in the community. If the site would ever <br /> be sold, I would like to see the City require an accepted development plan prior to the sale of the <br /> property. <br /> If the site is appraised, this may aid the Council in the decision of whether or not to formally offer <br /> the site for sale. In addition, this would provide additional information in the scenario of <br /> considering adding a public works addition on to the City Hall. <br />