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Steve Sarkozy 2 March 27, 1990 <br />� We are extremely concerned regarding the feasibility of purchasing <br />the land with respect t� anv of the approaches. Our concerns are <br />a result of the following items: <br />� <br />� <br />1. The total cost to the City would be $6,323,406, whereas Rose- <br />ville's appraisal and a seve� perc�nt commission would put the <br />total cost at $5,350,000. <br />2. The caah outlay danqerou�ly drains the City�� existi�g �IF <br />conatr�uctian �und. At thia ti�e, ther� �� $8,000,0�0 in �e <br />fund �hich would best be �ocus�d fn the ar��� w�er� <br />��v�lop��nt is �mi�snt. A cash ou�lay to ��� ��ten� bef�q <br />discus��d s�v�re�y li�itg the City'$ a�ilit� to wa�k i� t�� <br />'T��n L�kes a��a with the ��jor develop�r� �h�� ar� �a�ing <br />�or�ard �n th�� a��a. <br />3. T'�� L�g�sl�tur� �s aont�nu�n� can��d�r�tion o� ���o�s �a <br />1l�it tax fric��m�nt. I� ���d 1����a�i.ant ��r� �ut ��to ���ce <br />��d �h� Ci�y ha� ��p�n��� s�gn����a�� ��n�s �i�� ���p��� �o <br />�os��oo� l��d! Ro��vi�l� �o�ld b@ s�v�r��y l�mi��d w��� <br />re����t �o �ut�r� d����c���nt a���vi��es. <br />4. �'h� d��rea�o�e�� h��r� b��n �n�uc�Qsa�+�l ot� t��� ����, ��d ���� <br />�,� atjtx�Q���� �� �����o�� ��a�osar�. �� �� ����o�n���e� �o <br />�nv��C �S� �����on �� i����d ��n� ���I��u� �f�� ��ca�p�at +�� <br />����a�e d��+�lo���n��' <br />�. �� �.��� �� prQ��n��� �b�e� �� �rQ���� �.h.i� ����d ��a� ���s <br />�nt�r�n�� d�v��op��r�t� �sc� or� t.ha �u�r+�e�t �-� ��n�in$t ��� <br />��re��c� �� ��t � n�� �o� ita►�+�vi�le� �� '�%�a�" ��e� ��n� ��a <br />��fltc�ct � � . <br />�� 'T°����a �a�� � �a�� �p�r�pc��t�► �p�a��a�hQ� �n ��� o� �cr����m� <br />b�ireg �he ���� �� �+��� c��� �� t�r�� �� �p�E'�+�n+� �a�h ��d ���� <br />�1�� ��k�n�g tsa �.h�a C�t�. �`!�g ��tachec� �et�er. ��o� �"�r�y Mou�� <br />�cap►��r,���t� �, p�a,�a��l �o� c����Q�lal��� �� Ro��a� d��� �o� <br />e�x�����@ i�� o���et��. <br />7. ��� �hc� C�t� ���t t4 ����bl��t� � �a����d�n� �n a�h�.��� �� �+�r= <br />ch���� ��r�� �� ��x �fi��ct�►ent d��tr�c�� a�t�+��e r�c����o��t�� ��va <br />�e�a�r� �ar�auc�s����+ul �n �►���n� thc��� ����+�cti�+� pro���t� �'��re�d�' <br />�n s�u�t��ry� �� �gc� �v�r� ��r����n�d �he� � �u�k�,�t������ �a�h ou��ay <br />in t��� ���e� �u���a����I��r li��ta �ho Cit�v'� ��ai�ity �o la�,���t�t� <br />d�v����t��n� Q��e�rhare in the c��y �h��� ��, ������� �� �a ���� <br />�r��n��t. I� ���.���a�, �he e�c��t�n� �c���ng p�ot�ct tha la�nd <br />�'�s�t� sub�ptim�l v�Q, <br />