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Proposal for Roseville City Park Adjoining Lexart Addition <br />eloper Gerald H. Kaufhold submits the following proposal in conjunction <br />application submitting a Preliminary Plat for Lexart Addition and <br />requesting rezoning of the property most recently known as the Lexington School, <br />conditioned upon such rezoning. Mr. Kaufhold, without additional expense, will <br />dedicate to the City of Roseville by deed donation, ten (10%) percent of the total <br />site property, shown as part of Parcel C on the Site Plan and incorporated in <br />the area shown as Parcel C on the Preliminary Plat. This dedication can occur as <br />soon as Mr. Kaufhold has title to said Parcel from Independent School District No. 623. <br />Closing on that transfer is scheduled for August 1, 1988. This donation, for park <br />purposes, is equivalent to $100,800.00 in dollars on the basis of the undeveloped <br />land value cost to the developer. <br />In the event of such rezoning, without expense, Mr. Kaufhold will sell for <br />$200,000.00 to the City of Roseville, as soon as possible after transfer to him <br />from Independent School District No. 623, the balance of Parcel C on the Site <br />Plan and incorporated in Parcel C in the Preliminary Plat. This area, totaling <br />approximately 87,390 square feet, is otherwise designated for residential lots and <br />represents potential sales to the developer in excess of $375,000.00. <br />The City of Roseville shall furnish the legal, engineering and administrative <br />services necessary for these transfers. <br />Gerald H. Kaufhold <br />Date: 11 ''d/e/ <br />