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Village of Roseville -2- September 5, 1963 3.1J1r, �Iarto�. cantacted real estate develop�ra and a�praisers and obtained advice indicating b�yond an� daubt tnat an effort to solve his problems in that fashio�n would be economically impossible. It was uniformly ad� vised by all experienced peraona that this wou�.d be a gross waste of money regulting in totally un�alable lots or irregular size a�id �hape and accomplished at great expen�e. In addition to a11 the probl�ms this woul�l create for Mr. Horton, it would also create significant problema if these lats failed to pay their proportionate �h�.re oi asse�sments. Zt goes without saying tha� the problem is precip- itated to some extent by the assessments �presently pending against the property, as w�ll as tho�e about io be asseased and forthcoming in the very near future. V4�hile ii may have been possible last year or the year before that for a land owner in the position of my clients to simply s:it and �wait to see what happens, i� is no longer possible. Inactivity almost amounta to abandonment un�ess the peraon has unlimited capital r�eeded - with which �o support his land and pay the assessment� . Under the circumstances, the proposal to s�mply divi�ie the Horton land into three large, readily salable, usalale lotg, each fronting on Lake pvya�so �ou].evax�d and the lake itself, seems a�ompletely satisfactory '�olution: Each lot would have the benefit of all im.pr�vements recently made by the` Village; each lot would be readi].y salable b�cau�e of the ` lake frontage; each 1ot would be much larger than the minimums requ�.red by` the �l'illage; and t�e hom-es to be developed thereon would be of benefit to the entire community. Some he�itation to our proposal might be made because of the �act that the legal descri.ptions for the proposed divisions appear somewhat com- plicated. The legal descriptions are embodied in the three pages of descriptions by I�on C. Hu1t hereto attached in which they are deacribed as Lots 1, 2 and 3. �-Iowever, upon reading the descriptions and tracing them out, one soon discovers that each single des cription ior each "Iot" 3s no more complex than Illlr. Hult's present description, but �.n fact, each is even more simple. V6Thile the descriptions are long, they are really not �omplex to a�nyone dealing in real estate fami��,ar with it, and I am sure both the Village planner and engineer wi11 concur. On the surface thi� single, rather technical, object3.on disappears.